Clause 12 - Power to invest
Local Government Bill
10:30 am
Mr Philip Hammond (Runnymede and Weybridge, Conservative)
I am grateful to the Under-Secretary for his attempt at an explanation. Clearly, he thinks that no person of a rational disposition could ever be tempted to use the word ''invest'' in any other way than the way in which he understands it. I shall send the relevant extract from Hansard to the Chancellor of the Exchequer and ask him whether he has any comment to make. What the Under-Secretary has said is very helpful.
Question put and agreed to.
Clause 12 ordered to stand part of the Bill.