National Land Fund
Encyclopedia
The National Land Fund of the United Kingdom was created in 1946 to secure culturally significant property for the nation as a memorial to the dead of World War II
. Proposed by Chancellor of the Exchequer
, Hugh Dalton
, the Fund was confirmed in section 48 of the Finance Act 1946 with a sum of £50million. The Fund was never really utilised or developed in the manner that Dalton had envisaged. Nevertheless, despite this under-utilisation, substantial areas of land and numerous buildings were donated to various charities, of which a principle beneficiary was the National Trust
. The value of the fund was reduced to £10 million in 1957.
The Fund was abolished in the National Heritage Act 1980, replaced by the National Heritage Memorial Fund
.
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
. Proposed by Chancellor of the Exchequer
Chancellor of the Exchequer
The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters. Often simply called the Chancellor, the office-holder controls HM Treasury and plays a role akin to the posts of Minister of Finance or Secretary of the...
, Hugh Dalton
Hugh Dalton
Edward Hugh John Neale Dalton, Baron Dalton PC was a British Labour Party politician who served as Chancellor of the Exchequer from 1945 to 1947, when he was implicated in a political scandal involving budget leaks....
, the Fund was confirmed in section 48 of the Finance Act 1946 with a sum of £50million. The Fund was never really utilised or developed in the manner that Dalton had envisaged. Nevertheless, despite this under-utilisation, substantial areas of land and numerous buildings were donated to various charities, of which a principle beneficiary was the National Trust
National Trust
National Trust most commonly refers to an organization dedicated to preserving the cultural or environmental treasures of a particular geographic region. They generally operate as private non-profit organizations, although some receive considerable support from their national government...
. The value of the fund was reduced to £10 million in 1957.
The Fund was abolished in the National Heritage Act 1980, replaced by the National Heritage Memorial Fund
National Heritage Memorial Fund
The National Heritage Memorial Fund is a non-departmental public body set up under the National Heritage Act 1980 in memory of people who gave their lives for the United Kingdom....
.