Clause 35. — (Rates of Annual Allow Ances for Machinery and Plant.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 21st May 1963.

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Photo of Mr Gordon Matthews Mr Gordon Matthews , Meriden 12:00 am, 21st May 1963

I, too, want to support the Amendment. I think that it is essential that we should do something effective to help the export trade. There is one small point in which I disagree with my hon. Friend the Member for Nottingham, South (Mr. W. Clark). If a manufacturer disposes of his machinery before it has been fully written off, the fact that the depreciation has been accelerated would end up by the Exchequer paying more. I think that this is desirable as an earnest of the determination of the Exchequer to encourage manufacturers to replace their machinery very frequently so as to keep it completely up to date.