Adjustment of Contracts on Changes in Tax

Part of Clause 42 – in the House of Commons at 12:00 am on 12th July 1972.

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Photo of Mr Edward Du Cann Mr Edward Du Cann , Taunton 12:00 am, 12th July 1972

My hon. Friend has been typically clear and typically courteous. First, may I add a word on the question of this Report stage. I make no complaint of the conduct of my right hon. and hon. Friends. As always, they do their work extraordinarily well, and with great regard to the wishes and anxieties of the House. I complain of something different, that is, the way in which this and other Finance Bills are presented to the House. I feel that the House as a whole ought to consider this matter for future. I think that what we do suits the Executive very well, but I am not at all sure that debates at this time of night and the taking of so many matters on Report in this way is the best way to go about our business.

On the issues which I presented by the Amendment, I repeat what I said at the outset. My hon. Friend has been typically clear and courteous. He has exactly answered the points of anxiety which I had in mind. In view of his clear assurances, I beg to ask leave to withdraw the Amendment.