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New Clause. — (Contributions and pre- miums to be treated as capital out- goings.)

Orders of the Day — War Damage Bill. – in the House of Commons on 12th February 1941.

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Contributions made and indemnities given under Part I of this Act, and premiums paid under policies issued under either of the schemes operated under Part II of this Act, shall he treated for all purposes as outgoings of a capital nature.—[Sir K. Wood.]

Brought up, and read the First time.

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I beg to move, "That the Clause be read a Second time."

This Clause provides that a declaration for contribution of indemnities under Part I and premiums under Part II of the Bill should be treated as outgoings of a special nature. The Committee will recollect that under the Bill as drafted it is already laid down that any liability under Part I should be treated as being of a capital nature, and this shows how liabilities under the Act are to be treated in other cases.

Question put, and agreed to.

Clause read a Second time, and added to the Bill.