WAR DAMAGE TO PROPERTY. COMPENSATION FOR: Memo. by Chancellor of the Exchequer. Draft Heads of Scheme for Immovable Property. (Appendix).

for the maintenance of essential services (e.g., 2 damage is total, the amount of compensation in respect of any property will be its pre-war value; in the case of partial damage, it will be the estimated cost of repair. This provision will be retrospective. (b) The funds to pay such compensation in respect of damage up to the 31st August, 1941 (i.e., for the first two years of war) will be provided in the first place by a charge of 3 per cent. on the capital value of all property. If the proceeds of that charge are insufficient, the State will meet the deficiency up to an amount equal to the proceeds of the 3 per cent.