Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 19 May 1947.

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Photo of Mr Ralph Assheton Mr Ralph Assheton , City of London 12:00, 19 May 1947

There are other ways in which one can lose money than inflation or deflation. Suppose that a property is destroyed by the enemy and no income is received from it, and that the owner is likely to remain without income until the property is rebuilt, that man may be involved in considerable loss.