§ Lieut.-Colonel Cordeauxasked the Chancellor of the Exchequer whether he will amend the Control of Borrowing Order, 1958, so as to lessen the scope for operations designed merely to reduce tax liabilities.
§ Mr. ErrollAn amending Order was made on 16th March which has the effect of making Treasury consent necessary for any issue of redeemable securities for capitalising profits or reserves, even though their nominal value is less than £50,000. The Order will come into operation on 19th March. Copies of it are now available in the Vote Office.