§ Mr. Cousins
To ask the President of the Board of Trade which sections and schedules of the Companies Acts refer to or require the capitalisation of interests; and whether he has these matters under review.
§ Mr. Neil Hamilton
Paragraph 26(3)(b) of schedule 4 to the Companies Act 1985 permits interest to he included in the production cost of an asset. I have no plans to review this sub-paragraph which implements a provision in the EC fourth directive.