CLAUSE 25.—(Outstanding instalments to be deducted from value payments.) (Hansard, 5 February 1941)

§ Captain Crookshank

I beg to move, in page 19, to leave out line 5, and to insert: (which, in so far as it consists of instalments which have not become due at the time when the value payment is made, shall be treated for the purpose of the last preceding section as then becoming due), and no person shall be under any liability to the Commissioners of Inland Revenue in respect of so much of the contribution as has not been paid, or, save as provided by Sub-section (2) of this Section, to give any indemnity in respect thereof. (2) Where the preceding Sub-section has effect in the case of a contributory property to which Section nineteen of this Act applies, and a proprietary interest in the hereditament was subject immediately before the occurrence of the war damage to a mortgage to which that Section applies and which is subsisting when the value payment is discharged, the owner of that interest shall be entitled to the like indemnity from the mortgagee against the reduction of the value payment, or of his share thereof, as the case may be, which results from the operation of the preceding Sub-section as 983 he would have been entitled to have from the mortgagee if the amount of that reduction had been a net liability of his as a contributor for an instalment and the date of the discharge of the value payment had been the relevant date. This Amendment is moved in order to fill up gaps which have been noticed while the Bill has been under discussion.