§ There is a small, highly technical point arising out of Section 17 of last year's Finance Act on which I propose to make a concession. This Section dealt with double taxation agreements with overseas countries. It enabled credit to be given against United Kingdom tax for overseas tax which has been relieved by the overseas country in the interests of development. Under our general tax law, however, a dividend paid by a United Kingdom company out of income which has enjoyed a tax credit under this provision would have to be grossed up by reference to tax that had never been paid. This would clearly lead to a wrong result. I propose to remedy the position in the Finance Bill.