§ Amendment proposed: No. 72, in page 146, line 11, leave out 'one or more'.—[Mr. Norman Lamont.]
§ Dr. MarekI do not want to delay the Report stage too much on this amendment. It appeared that it might have been a trivial amendment, but I am not sure. Will the Financial Secretary explain it?
§ Mr. Norman LamontIt is an absolutely trivial amendment. It corrects a minor drafting defect in clause 171, which defines, in subsection 6, an exempt gift. Although the gift is singular, as presently drafted it is exempt by virtue of "any one or more" of the various inheritance tax exemptions. It can be exempt only under one of the exemption provisions, and the amendment reflects this.
§ Amendment agreed to.