HC Deb 19 May 1952 vol 501 c191

Motion made, and Question proposed, "That the Clause stand part of the Bill."

Mr. Frederick Willey (Sunderland, North)

I do not think we should part with this Clause without some explanation from the hon. Gentleman on the Front Bench who has studied it and prepared a short, concise reply. As far as I gather, this Clause applies only to the Wool Marketing Board. Perhaps the Financial Secretary to the Treasure could explain the purpose of the Clause.

Mr. Boyd-Carpenter

The hon. Member is quite correct. At present the Clause applies only to the Wool Marketing Board, but it is so framed as to cover boards of the same limited and strictly controlled character which are subsequently set up. It operates to ensure that the moneys going into the Reserve Fund of the Board are not subject to tax at that stage in the hands of the Board, but do become subject to tax when they issue to the producers.

Clause ordered to stand part of the Bill.