Clause 11 - Amusement machines: use of currencies other than sterling
Finance Bill
3:00 pm
Mr Jonathan Djanogly (Huntingdon, Conservative)
I also have a small point. In relation to currencies other than sterling, new section 26A(2) says that the exchange rate
''shall be determined by reference to the London closing exchange rate for the previous day.''
Can the Minister advise us whether that is defined elsewhere in the 1981 Act? If it is not, whatever it is that constitutes the exchange rate should be defined.