HC Deb 11 November 1926 vol 199 cc1368-70
Mr. HERBERT

I beg to move, in page 36, line 12, after the word "profits" to insert the words "and for insurance."

I think this is only a drafting Amendment. It is intended to make the words in this Clause correspond with those on page 34, line 32.

Sir J. NALL

I beg to second the Amendment.

The ATTORNEY-GENERAL

This Amendment we propose to accept. Those who were present in the Committee stage will remember that a similar Amendment was moved in Committee, and I was then rather doubtful, on my instructions, whether there were any insurances that would properly come in. We have since Made inquiries and proposed to accept the Amendment.

Amendment agreed to.

Mr. HERBERT

I beg to move, in page 36, line 14, at the end, to insert the words including renewals thereof not chargeable to capital account.

The ATTORNEY-GENERAL

This is a point upon which the Minister of Transport made a promise during the Committee stage, and as it seems a desirable Amendment, the Government accept it.

Amendment agreed to.

The ATTORNEY-GENERAL

I beg to move, in page 36, line 14, at the end, to insert the words (4) Any other expenses on revenue account attributable to the transmission line. These are merely words put in to cover, in general terms, the general expenses not specifically stated.

Amendment agreed to.

The ATTORNEY-GENERAL

I beg to move, in page 36, line 20, after the word "line" to insert the words and on such working capital as is properly attributable to the transmission line. These words are also introduced in accordance with a promise given during the Committee stage.

Amendment agreed to.

Amendment proposed: In page 36, line 29, to leave out from the word "interest" to the end of the paragraph, and to insert instead thereof the words on their share and loan capital in respect of the preceding years, such average rate being ascertained by taking—

  1. (i) in respect of any loan capital the rate of interest to which such loan capital is entitled;
  2. (ii) in respect of any share capital entitled to a fixed maximum rate of interest that fixed rate; and
  3. (iii) in respect of all other capital the rate of eight per centurn."—[Sir J. Nall.]

The ATTORNEY-GENERAL

The Government, for the same reasons which I have given in regard to a previous Amendment, are unable to accept this proposal.

Amendment negatived.

Mr. HANNON

I beg to move, in page 37, line 11, to leave out the word "fund" and to insert the word "funds."

Mr. BALFOUR

I beg to second the Amendment.

Amendment agreed to.

Further Amendment made: In page 37, line 17, leave out from the word "aforesaid" to the end of the Schedule.—[The Attorney-General.]