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Lords amendment: No. 1, in page 1, line 17, at end insert—
( ) In section 4(5)—
§
(a) after paragraph (a) inserted—
(aa) that the whole or part of the increase ought not to be so restricted because of an increase in the costs of imported raw materials,
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(b) after paragraph (i) there shall be inserted—
(ia) it shall be the duty of the Commission, in a case falling within paragraph (aa) of this subsection, to give to the relevant person a variation notice allowing so much of the increase as they consider ought not to be restricted for the reason mentioned in that paragraph.".
§ ( ) In section 5(4) (application of section 4(5) in relation to notifications in respect of prices) for the words "and for any other reference to the increase there were substituted a reference to the price" there shall be substituted the words "and as if—
- (i) in paragraph (aa), for the words from "the whole" to "restricted" there were substituted the words "a particular increase in the price ought not to be restricted by virtue of section 5(3) of this Act";
- (ii) in paragraph (ia), for the words from "so" to "as" there were substituted the words "the increase in the price which"; and
- (iii) for any reference to the increase (except those in paragraphs (a), (aa) and (ia)) there were substituted a reference to the price;"."
§ The Under-Secretary of State for Prices and Consumer Protection (Mr. Robert Maclennan)I beg to move, That this House doth agree with the Lords in the said amendment.
§ Question put and agreed to.