§ Mr. Lathamasked the Chancellor of the Exchequer why, in his discussions with the bloodstock industry, he has proposed a herd basis of assessment to bloodstock breeders for stock relief, rather than a stock-in-trade basis; and if he will make a statement.
§ Mr. Moore[pursuant to his reply, 2 November 1983, c. 380–81]: A bloodstock breeder may choose between having his animals treated as trading stock, with the benefit of stock relief, or having the herd basis apply. It is for each breeder to decide, in the light of his own circumstances, which basis to adopt.