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Stock Appreciation

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 16th July 1975.

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Photo of Mr Peter Hordern Mr Peter Hordern , Horsham and Crawley 12:00 am, 16th July 1975

That is the point. What is important is not the fact that the money is in a tax equalisation account but that no company can know with certainty what the future position will be. Therefore the point of the new clause is to establish some form of permanency, though not particularly in this form. I appreciate the Chief Secretary's difficulty in relation to the Sandilands Report, but all companies considering their future investment are in great difficulties when they do not know what form of further provision there is to be.