Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 4 June 1964.
Sir John Hall
, Wycombe
12:00,
4 June 1964
In supporting the Amendment I want to draw attention to another aspect of the problem, namely,
the extent to which the Clause affects provident associations. I hope that Amendment No. 93, in referring to
social, recreational or educational facilities
includes the provision of such things as medical benefits. Perhaps I may give an example of the way in which the Clause would affect a typical provident association. A non-profit-making association is generally limited by guarantee and by its articles surplus assets cannot be distributed to members. The board of governors is not allowed by the articles to receive any remuneration for services. If the provident association is wound up, the surplus assets cannot be distributed to the members, they have to be given to another organisation doing the same kind of work, or to charity—
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