HC Deb 01 August 1951 vol 491 c215W
Mr. Ian Winterbottom

asked the Chancellor of the Exchequer whether he can give an assurance that in administering Clause 36 of the Finance Bill, he will be careful not to interfere with economic development in Colonial Territories.

Mr. Gaitskell

Clause 36 is not designed to interfere with copital investment in Colonial Territories or elsewhere. In the case of companies wishing to transfer their control and management to Colonial Territories, and where no question of tax evasion arises, I am certain that the Advisory Panel will pay particular attention to development in the Colonies, and I certainly shall.