Clause 1. — (Grant for Development of Postal, Telegraphic and Telephonic Systems and Other Post Office Business.)

Part of Orders of the Day — Post Office and Telegraph (Money) Bill – in the House of Commons at 12:00 am on 13 June 1952.

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Photo of Mr Reginald Paget Mr Reginald Paget , Northampton 12:00, 13 June 1952

With great respect, Sir Charles, on the Second Reading of the Bill one may apply any argument to anything that arises out of it. On the Committee stage, I venture to say that we may apply arguments to the particular point raised by the Amendment, and the particular point raised by this Amendment is an excessive authorisation of rights to raise capital.

The argument applied to that particular point is that the Post Office ought not to require this power and that it is unnecessary if it uses its own revenue. I respectfully submit it would have been relevant in a Second Reading debate because it applied to this very point and for no other reason, because that is the point to which it will apply in Second Reading. It is spotlighted in this particular Amendment, and I respectfully suggest that this is the very point where we can relevantly discuss whether it is right for the Post Office to raise as much capital as this.