IT has been said that our generation has lived great history and has only rarely been aware of it. This is undoubtedly true, but it would be wrong to think of our history in terms only of two Wars. Last year saw the passing of several great and far-reaching Acts and the Town & Country Planning Act, 1947, was not the least of them. Like all post-1945 legislation it has been so drafted that matters arising under it are to a very great extent for "decision by administration" and that means for the decision of the Minister of Town & Country Planning or the "appropriate Minister." A great deal is left unsaid by the Act, and has been left to Regulations and Orders- these again are to be framed by the administrators: sometimes one is inclined to think they are framed for the administrators. The Act and its attendant Regulations are long and complex but, apart from its many planning provisions, the idea behind its financial effect on private owners is basically simple, for it amounts to nothing more nor less than the first step in the nationalisation of land. I say the first step, because although it certainly did not nationalise land it did nationalise all development value in land. The Act is probably the greatest of all measures affecting land, and the buildings on land, since the Statute of Uses in 1535!