HC Deb 10 April 1935 vol 300 cc1274-6

Amendments made: In page 199, line 22, leave out from "the," to "shall," in line 23, and insert: holders of its shares, debentures, debenture stock, or bonds, and its officers, agents, and servants. In line 25, leave out "trading," and insert "carrying on business."

In line 31, leave out "its shareholders," and insert: holders of its shares, debentures, debenture stock, or bonds, or of its.

In line 36, leave out "law," and insert "laws."

In line 38, at the end, insert: (2) If and in so far as any total or partial exemption from taxation imposed on companies by or under any law of Burma depends on compliance with conditions as to any of the matters mentioned in paragraph (b) of the last preceding Sub-section, any company incorporated by or under the laws of the United Kingdom and carrying on business in Burma shall be deemed to satisfy those conditions and be entitled to the exemption accordingly, so long as the taxation imposed by or under the laws of the United Kingdom on companies incorporated by or under the laws of Burma and carrying on business in the United Kingdom does not depend on compliance with conditions as to any of the matters so mentioned.

(3) The provisions of the two last preceding Sub-sections shall apply in relation to companies incorporated by or under the laws of British India as they apply in relation to companies incorporated by or under the laws of the United Kingdom, with the substitution for references to the United Kingdom of references to British India.

In page 200, line 7, leave out "its shareholders," and insert: holders of its shares, debentures, debenture stock or bonds, or of its.

In line 15, leave out "Burman subjects of His Majesty," and insert "British subjects."

In line 15, at the end, insert: (3) If and in so far as, in the case of any such companies as are mentioned in the last preceding Sub-section, any total or partial exemption from taxation imposed by or under any law of Burma depends on compliance with conditions as to any of the matters so mentioned, then, as regards such of the members of its governing body and such of the holders of its shares, debentures debenture stock or bonds, and such of its officers, agents, or servants as are British subjects domiciled in the United Kingdom, any such company shall be deemed to satisfy those conditions and be entitled to the exemption accordingly so long as the taxation imposed by or under the laws of the United Kingdom on companies incorporated by or under those laws does not as regards such of the members of a company's governing body or such of the holders of its shares, debentures, debenture stock or bonds, or such of its officers, agents, or servants as are British subjects domiciled in Burma depend on compliance with conditions as to any of the matters so mentioned. (4) The provisions of the two last preceding Sub-sections shall apply in relation to British subjects domiciled in British India and to subjects of any Indian State as they apply in relation to British subjects domiciled in the United Kingdom, with the substitution for references to the United Kingdom of references to British India or that Indian State, as the case may be.

In line 16, leave out Sub-section (3).—[Sir S. Hoare.]

Captain CAZALET

May I ask a question on this Clause?

The CHAIRMAN

The hon. Member is too late. I had collected the voices.

Captain CAZALET

I thought I had risen while you were doing so.

The CHAIRMAN

I am afraid that the hon. Member was not here when I warned the Committee that these were repetition Clause, and that hon. members must take care to attract the notice of the Chair. Having got so far and actually collected the voices, I cannot go back.