§ Paragraph 7 (a) of the Fourth Schedule of the Finance (No. 2) Act, 1915, shall have effect as though there were inserted after the words "pre-war standard of profits,' on the third line of the paragraph, the words "or where the whole of the capital has been lost."
§ Clause brought up, and read the first time.930
§ Mr. ARTHUR STRAUSS
I beg to move, "That the Clause be read a second time."
The intention of the Clause is that where a business during the last three pre-war years has shown a loss—
§ Mr. MONTAGU
I do not wish to interrupt the hon. Member, but I think I can save him some trouble. I have carefully considered the effect of the Amendment, and I am prepared to accept it subject to an alteration of the wording which I propose to give before the Report stage.
§ Proposed Clause and Motion, by leave, withdrawn.