Clause 1 - Dissolution of the tote
Horserace Betting and Olympic Lottery Bill
10:00 am
Mr Don Foster (Bath, Liberal Democrat)
No, the Minister is not answering the question. It will obviously be taken into account in the valuation—that is pretty obvious. My question was whether it will be subject to the 50:50 rule, or whatever the precise percentage will be. Do the Government believe that the new body responsible for the Tote should have 50 per cent. of responsibility for that debt, or, given that the debt has been accrued under a different form of ownership, should 100 per cent. be paid for by the Government?