Part of the debate – in the House of Commons at 12:00 am on 11 June 1951.
I hate to admit this, Mr. Diamond, but I read the Amendment carefully and I thought it pretty well covered any reduction of capital which might be made under Clause 27. I submit that as the case of redeemable preference shares has already been raised, both by the mover of the Amendment and by the Attorney-General, I should be in order in bringing forward this matter.