Clause 27. — (Registered Friendly Societies Carrying on Life or Endowment Business.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 21 June 1966.

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Photo of Sir Gerald Nabarro Sir Gerald Nabarro , Worcestershire South 12:00, 21 June 1966

He is neither little nor conceited. He is both factual and prophetic.

I want something more than two votes. I want my right hon. Friend to say unequivocally on behalf of my party that, when we resume our rightful place on the Government benches, he will repeal Clause 27 of this Bill, if it is finally enacted, for it may have a disastrous effect upon personal thrift and the accumulation of small savings in our country.