§ Motion made, and Question proposed, "That the Clause stand part of the Bill."
§ Sir F. SoskiceIs this, presumably, to carry out the further recommendation, in paragraph 244 of the Millard Tucker Report, to include expenditure on machinery incurred before trade starts?
§ The Solicitor-GeneralThe Millard Tucker Report said in paragraph 244:
… but it may happen that particular items of plant are used exclusively for exploration and that exploration ends before the business begins; in these circumstances the owner of the business will get no allowance. This is clearly a casus omissus and we recommend that where exploration expenditure generally qualifies for allowance, the allowance should extend to exploration plant.This Clause gives effect to that recommendation and includes the provisions required to deal with certain consequential matters.
§ Clause ordered to stand part of the Bill.