Very clear. One could not more happily expand four words into 200 words without thereby clarifying them than in this Section of the Income Tax Act, 1952. This is the problem to which we have to address ourselves. I understand that for most purposes the Inland Revenue accept the normal working life of a motor vehicle as being 10 years from the date when it was bought new. But, of course, this is simply not applicable to the little van which rattles about carrying television sets, for instance, which probably lasts for only two or three years. The system does not allow anything for obsolescence. When one is dealing with heavy plant of one kind or another, there is quite an element of obsolescence as well as simple exhaustion, so to speak, in the machine. These are points which I, least of all, can deal with satisfactorily and with which, I think, we as a Committee cannot usefully deal, but they come from people who are engaged in these perfectly legitimate businesses in such a way as to come specifically within the exemption referred to by the Chancellor when he said that these Clauses would not penalise normal leasing arrangements.

As we have all learned, what is said on the Floor of the House is not binding on the Inland Revenue. The Inland Revenue works to the book. My right hon. and learned Friend seems to have mastered this subject in a way on which I compliment him, and, of course, he is in a far better position to examine the points which I have raised. I hope that he will consider them carefully, not wishing to catch me out because my exposition of them has not been that of a lawyer, which I am not, and will accept that they raise questions which should be looked into. I ask him to give his attention to them from the point of view of those businesses which practise normal leasing arrangements among associated companies.