Payments in Addition to Advance Corporation Tax Due in Financial Year 1974

Part of Clause 10 – in the House of Commons at 12:00 am on 21 May 1974.

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Photo of Mr Robert Redmond Mr Robert Redmond , Bolton West 12:00, 21 May 1974

I was not talking of the people I advise, I was talking about my own family business. If he expects me as a director to finance that business, I assure the hon. Gentleman that the business had to finance me; it was all I had to live on. Some of the shareholders were the descendants or widows of people who contributed to the founding of the business. They were dependent on the business. They had no money to put into the business; the business was keeping them.