Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 16 June 1947.
Mr Douglas Clifton Brown
, Hexham
12:00,
16 June 1947
The hon. and gallant Gentleman is addressing himself to the general question of bonus issues and not applying himself to the new Clause, which really deals with the question of disregarding certain factors. The question of the taxation or otherwise of bonus shares is not in issue.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
