§ Motion made, and Question,
§ That the arrangements to which effect may be given by virtue of an Order in Council under section 497 of the Income and Corporation Taxes Act 1970 (double taxation relief) shall include the arrangements contained in the Convention mentioned below notwithstanding that those arrangements withdraw relief from tax for periods before the making of the Order.
§ The Convention referred to above is the Convention between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the United States of America for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains which was signed on 31 December 1975.—[Sir Geoffrey Howe.]
§ put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.