§ Amendments made: No. 87, in page 111, line 37, leave out 'may' and insert 'shall'.
§
No. 88, in page 112, line 6, at end insert—
'(5A) The trade carried on by a company whose liabilities are extinguished by virtue of section 74(1) of this Act shall, if the company's tax losses are aggregated and apportioned by virtue of sub-paragraph (2) above, be treated for the purposes of giving any relief under the Corporation Tax Acts in respect of the losses so apportioned as being, and having at all times been, the trade carried on by the successor companies to which the losses are apportioned.'.—[Mr. Lang.]