HC Deb 12 February 1941 vol 368 cc1430-1 Contributions made and indemnities given under Part I of this Act, and premiums paid under policies issued under either of the schemes operated under Part II of this Act, shall he treated for all purposes as outgoings of a capital nature.—[Sir K. Wood.]

Brought up, and read the First time.

Sir K. Wood

I beg to move, "That the Clause be read a Second time."

This Clause provides that a declaration for contribution of indemnities under Part I and premiums under Part II of the Bill should be treated as outgoings of a special nature. The Committee will recollect that under the Bill as drafted it is already laid down that any liability under Part I should be treated as being of a capital nature, and this shows how liabilities under the Act are to be treated in other cases.

Question put, and agreed to.

Clause read a Second time, and added to the Bill.