Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 10 June 1964.
Sir John Barlow
, Middleton and Prestwich
12:00,
10 June 1964
My hon. Friend the Financial Secretary has said that these are not necessarily forced profits but it is true to say that in almost all cases of reconstruction or take-overs they are virtually forced profits in that the taking over company usually gets the requisite percentage—75 or 90 per cent., whatever it may be—for the purpose and the smaller shareholders have to accept what is offered to them. In that case it is forced.
However, since my hon. Friend has offered to discuss this matter sympathetically with me I beg to ask leave to withdraw the Motion.
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.
