§
Amendments made: No. 157, in page 65, line 33, leave out
'who is a member of'
and insert
'beneficially entitled to shares in'.
§
No. 158, in page 65, line 36, leave out from 'all' to end of line 39 and insert
'the shares and securities of the company to which he is beneficially entitled; and
(b) immediately after the disposition there are no shares or securities of the company to which his spouse is beneficially entitled; and'.
§ No. 159, in page 66, line 16, leave out 'or has been'.
§ No. 160, in page 66, line 9, leave out 'or has been'.—[Mr. Denzil Davies.]
1114§ Amendment proposed: No. 161, in page 66, line 24, leave out paragraph (c) and insert—
- '(c) any other person who has been a participator in any such company as is mentioned in paragraph (a) or (b) above at any time after, or during the ten years before, the disposition made by that company or, as the case may be, the disposition of its shares; or
- (d) any person who is connected with any person within paragraph (a), (b) or (c) above.'.—[Mr. Denzil Davies.]
§ Mr. Graham PageI think that this amendment is self-explanatory, but I believe that the period of 10 years is too lengthy. I know that I must not look a gift horse in the mouth, since the Minister has sought to carry out an assurance given to me in Committee. Therefore, I hope that, as these cases arise, we shall be able perhaps in a later Finance Bill to cut down the 10-year period.
§ Amendment agreed to.