§ Clause 38, page 44, line 26, leave out from ("1948") to end of line 30.
§
Clause 38, page 44, line 39, at end insert—
("() The accounts of each publicly-owned company shall give or be accompanied by a statement giving separate information as respects each of the principal activities of the company and as far as may be the financial and operating results of each such activity.")
§
Clause 38, page 44, line 46, at end insert—
("() Where it appears from the accounts of a publicly-owned company that in any year
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such publicly-owned company has incurred a loss from its activities taken together the Report of the Corporation required under section four of this Act shall draw attention to such loss and to the circumstances in which it has been incurred.")
§ The Commons disagreed to the above Amendments for the following Reason:
§ Because these Amendments impose unnecessary tasks of accountancy on the Corporation and the publicly-owned companies.
§ VISCOUNT ADDISONMy Lords, with regard to the remainder of the Amendments on the Paper, they all come into the next group on which, according to what I have said already, this House do not insist. Therefore, if I may take them collectively, beginning with the Amendment to page 12, line 31, and ending with the Amendment to page 44, line 46, I beg to move that this House do not insist on the said Amendments.
§ Moved, That this House do not insist on the said Amendments.—(Viscount Addison.)
§ A Committee appointed to prepare a Reason for the Lords insisting on certain of their Amendments: the Committee to meet forthwith.