§ 2. That provision shall be made for disregarding dividends paid out of accumulated profits in determining whether any payment is to be treated under section twenty of the Finance Act, 1953, as a subvention payment or whether any annual payment is payable out of profits or gains brought into charge to tax.
§ First Resolutions read a Second time.
§ Mr. Harold Wilson (Huyton)On a point of order, Mr. Speaker. None of us can hear what is being said. We do not know what is being done.
§ Mr. SpeakerI assure the right hon. Member that these two Motions which have been put before the House are the Report stage of Resolutions, which must be put forthwith by me.
Question, That this House doth agree with the Committee in the said Resolution, put forthwith, pursuant to Standing Order No. 86 (Ways and Means Motions and Resolutions), and agreed to.
§ Second Resolution read a Second time.
§ Question, That this House doth agree with the Committee in the said Resolution, put forthwith, pursuant to Standing Order No. 86 (Ways and Means Motions and Resolutions), and agreed to.
§ Instruction to any Committee to which the Finance Bill may be recommitted that 1024 they have power to make provision therein pursuant to the said Resolutions.