HC Deb 12 July 1972 vol 840 cc1778-9
Mr. Patrick Jenkin

I beg to move, Amendment No. 143, in page 45, line 16, leave out from 'a' to end of line 18 and insert: 'grant made under Part I of the Industry Act 1972 or such grant made under an enactment of the Parliament of Northern Ireland as may be declared by the Treasury by order made by statutory instrument to correspond to a grant made under the said Part I. A statutory instrument made under this section shall be subject to annulment in pursuance of a resolution of the Commons House of Parliament'. The Amendment is necessary now to bring the Finance Bill into line with the Industry Bill which is at present going through Parliament. We could not do it when the Bill was written because the Industry Bill had not then been introduced.

The Amendment also deals with the question of investment grants in Northern Ireland. The House will know that the pattern of investment incentives in Northern Ireland is not the same as it is in the rest of the United Kingdom. We are therefore proposing to take power, by the Amendment, to make regulations to allow us to define the particular investment grants in Northern Ireland which will get what I might describe as the tax free treatment which is to be applied to the investment incentives under the regional development grants under the Industry Bill.

The Amendment therefore deals with both those matters. I hope that the House will accept it.

Amendment agreed to.

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