The Financial Times of October 5th carried the foll-wing itens
“Further evidence of the rising cost of land was seen at the recent auction by Cheshire Gibson and Son when it offered 94 acres of freehold land at Selly Oak, Birmingham, owned by Imperial Metal Industries..With the lend went cutline planning permission for residential development and the price obtained was £206,000 from a Midlands building group. This worked out at £2,370 per acre woich is believed to be the highest price ever paid for building land in the Midland conurba ticne.."
This works out at no less than £4. 8. 3d per souare yard, and is the direct result of the Tory policy of « free-for-all in Lend. What this means in terms of putting up the prices of houses can be seen when one does a little caleulation, A small room in a council house would measure 22 square yards, thus at this price the land for each room (not counting gardens, passazes, etc.) would be nearly £100!