Clause 17. — (Plant and Machinery and Other Assets Leased to Persons Carrying on Trade, etc.: Special Cases.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 4 June 1964.

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Photo of Mr James Callaghan Mr James Callaghan Shadow Chancellor of the Exchequer, Member, Labour Party National Executive Committee 12:00, 4 June 1964

I do not promise that it will be a simple matter. I merely say that it will be effective. At the moment it is neither.

Clause

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.