§ Question proposed, That the clause stand part of the Bill.
§ Mr. RidleyThe clause and schedule 10 provide the alternative method of calculating the rules for capital gains tax for shares in a pool. It was strongly urged on us last year to provide this extremely complicated alternative for those who operate with computers—large investment funds and trusts of all sorts. I am happy to have it in the Bill and I am grateful to Labour Members for allowing it to stay there. Perhaps uniquely, it might be an extremely good thing that the clause is not being debated at great length in Committee upstairs, because hardly any hon. Member would have been able to understand it However, it meets the industry's requirements and I commend it to the Committee.
§ Question put and agreed to.
§ Clause 59 ordered to stand part of the Bill.
§ Clauses 60 to 62 disagreed to.
§ Clauses 64 to 72 disagreed to.