A Company's Financial Year and Accounting Reference Periods

Clause 3 – in the House of Commons at 9:15 pm on 25 October 1989.

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Photo of John Redwood John Redwood Parliamentary Under-Secretary (Department of Trade and Industry) 9:15, 25 October 1989

I beg to move Amendment No. 7, in page 4, line 44, leave out 'Part I' and insert 'section 3'.

Photo of Mr Paul Dean Mr Paul Dean , Woodspring

With this we shall discuss Government amendments Nos. 8, 9, 11, 12, 16, 18 to 21, 24, 31) and 32 to 67.

Photo of John Redwood John Redwood Parliamentary Under-Secretary (Department of Trade and Industry)

These amendments make a number of minor changes to part I. Nos. 7 and 8 replace a reference to the commencement of part 1 of the Bill with a reference to the specific provision in question, to allow for the possibility that different provisions in the part are brought into force at different times. Nos. 9 and 10 simply improve the clarity of the part, No. 12 corrects a reference, No. 20 corrects a minor error and No. 24 makes it clear how references to the day on which accounts are sent to shareholders and others are to be interpreted. Nos. 33 and 34 make a minor change to the order-making power in new section 257. They put it beyond doubt that the power includes the power to make consequential amendments elsewhere in the 1985 Act and in other enactments and to make transitional provisions.

The other amendments are all consequential amendments of one form or another.

Question put, That the amendment be made:—

The House divided: Ayes 191, Noes 62.

Division No. 341][9.17pm
AYES
Aitken, JonathanDover, Den
Alexander, RichardDunn, Bob
Alison, Rt Hon MichaelDurant, Tony
Allason, RupertEvennett, David
Amess, DavidFavell, Tony
Amos, AlanFearn, Ronald
Arbuthnot, JamesField, Barry (Isle of Wight)
Ashby, DavidFishburn, John Dudley
Atkins, RobertFookes, Dame Janet
Atkinson, DavidForman, Nigel
Baker, Nicholas (Dorset N)Forsyth, Michael (Stirling)
Batiste, SpencerForth, Eric
Bellingham, HenryFowler, Rt Hon Norman
Bennett, Nicholas (Pembroke)Fox, Sir Marcus
Benyon, W.Freeman, Roger
Biffen, Rt Hon JohnFrench, Douglas
Bonsor, Sir NicholasGale, Roger
Boscawen, Hon RobertGarel-Jones, Tristan
Boswell, TimGlyn, Dr Alan
Bottomley, Mrs VirginiaGoodlad, Alastair
Bowis, JohnGoodson-Wickes, Dr Charles
Brandon-Bravo, MartinGow, Ian
Brazier, JulianGreenway, Harry (Ealing N)
Brown, Michael (Brigg & Cl't's)Griffiths, Peter (Portsmouth N)
Bruce, Ian (Dorset South)Ground, Patrick
Bruce, Malcolm (Gordon)Gummer, Rt Hon John Selwyn
Buck, Sir AntonyHague, William
Burns, SimonHamilton, Neil (Tatton)
Burt, AlistairHampson, Dr Keith
Butcher, JohnHanley, Jeremy
Butler, ChrisHarris, David
Butterfill, JohnHaselhurst, Alan
Campbell, Menzies (Fife NE)Hayward, Robert
Carlile, Alex (Mont'g)Heathcoat-Amory, David
Carlisle, John, (Luton N)Hicks, Mrs Maureen (Wolv' NE)
Carlisle, Kenneth (Lincoln)Higgins, Rt Hon Terence L.
Carrington, MatthewHind, Kenneth
Carttiss, MichaelHordern, Sir Peter
Cash, WilliamHoward, Michael
Chalker, Rt Hon Mrs LyndaHowells, Geraint
Chapman, SydneyHunt, David (Wirral W)
Chope, ChristopherHunt, Sir John (Ravensbourne)
Clark, Sir W. (Croydon S)Hunter, Andrew
Coombs, Anthony (Wyre F'rest)Irvine, Michael
Coombs, Simon (Swindon)Jack, Michael
Cormack, PatrickJanman, Tim
Currie, Mrs EdwinaJessel, Toby
Curry, DavidJones, Gwilym (Cardiff N)
Davies, Q. (Stamf'd & Spald'g)Kellett-Bowman, Dame Elaine
Davis, David (Boothferry)Kennedy, Charles
Day, StephenKey, Robert
Dicks, TerryKilfedder, James
Dorrell, StephenKnapman, Roger
Douglas-Hamilton, Lord JamesKnight, Greg (Derby North)
Knight, Dame Jill (Edgbaston)Shepherd, Richard (Aldridge)
Knowles, MichaelShersby, Michael
Knox, DavidSmith, Sir Dudley (Warwick)
Lang, IanSmith, Tim (Beaconsfield)
Latham, MichaelSpeller, Tony
Leigh, Edward (Gainsbor'gh)Spicer, Sir Jim (Dorset W)
Lilley, PeterSpicer, Michael (S Worcs)
Livsey, RichardStanbrook, Ivor
Lord, MichaelSteen, Anthony
Lyell, Sir NicholasStevens, Lewis
MacGregor, Rt Hon JohnStewart, Andy (Sherwood)
MacKay, Andrew (E Berkshire)Stradling Thomas, Sir John
Maclean, DavidSumberg, David
Maclennan, RobertSummerson, Hugo
McLoughlin, PatrickTaylor, John M (Solihull)
McNair-Wilson, Sir MichaelThompson, D. (Calder Valley)
Madel, DavidThompson, Patrick (Norwich N)
Mans, KeithThorne, Neil
Maples, JohnThurnham, Peter
Marland, PaulTownend, John (Bridlington)
Marshall, John (Hendon S)Townsend, Cyril D. (B'heath)
Martin, David (Portsmouth S)Tracey, Richard
Maxwell-Hyslop, RobinTwinn, Dr Ian
Meyer, Sir AnthonyWaddington, Rt Hon David
Miscampbell, NormanWakeham, Rt Hon John
Morrison, Sir CharlesWalker, Bill (T'side North)
Nelson, AnthonyWallace, James
Newton, Rt Hon TonyWalters, Sir Dennis
Nicholls, PatrickWard, John
Nicholson, Emma (Devon West)Wardle, Charles (Bexhill)
Norris, SteveWatts, John
Onslow, Rt Hon CranleyWheeler, John
Patnick, IrvineWhitney, Ray
Pawsey, JamesWiddecombe, Ann
Peacock, Mrs ElizabethWiggin, Jerry
Powell, William (Corby)Winterton, Mrs Ann
Redwood, JohnWinterton, Nicholas
Riddick, GrahamWolfson, Mark
Ridley, Rt Hon NicholasWood, Timothy
Ridsdale, Sir Julian
Sainsbury, Hon TimTellers for the Ayes:
Shaw, David (Dover)Mr. Tom Sackville and
Shaw, Sir Giles (Pudsey) Mr. Michael Fallon.
Shephard, Mrs G. (Norfolk SW)
NOES
Ashley, Rt Hon JackJones, Barry (Alyn & Deeside)
Ashton, JoeLewis, Terry
Barnes, Harry (Derbyshire NE)Livingstone, Ken
Barron, KevinLofthouse, Geoffrey
Bermingham, GeraldMcCartney, Ian
Bradley, KeithMadden, Max
Campbell, Ron (Blyth Valley)Mahon, Mrs Alice
Campbell-Savours, D. N.Martlew, Eric
Canavan, DennisMeale, Alan
Clay, BobMichael, Alun
Clelland, DavidMichie, Bill (Sheffield Heeley)
Clwyd, Mrs AnnMorgan, Rhodri
Cohen, HarryMowlam, Marjorie
Corbyn, JeremyMullin, Chris
Cryer, BobOakes, Rt Hon Gordon
Cummings, JohnParry, Robert
Cunliffe, LawrencePatchett, Terry
Ewing, Mrs Margaret (Moray)Pike, Peter L.
Flynn, PaulPowell, Ray (Ogmore)
Fyfe, MariaPrimarolo, Dawn
Galloway, GeorgeRoss, Ernie (Dundee W)
Godman, Dr Norman A.Short, Clare
Golding, Mrs LlinSkinner, Dennis
Gordon, MildredSteinberg, Gerry
Hardy, PeterVaz, Keith
Harman, Ms HarrietWatson, Mike (Glasgow, C)
Haynes, FrankWelsh, Andrew (Angus E)
Hinchliffe, DavidWilliams, Rt Hon Alan
Hoey, Ms Kate (Vauxhall)Wray, Jimmy
Home Robertson, John
Hughes, John (Coventry NE)Tellers for the Noes:
Illsley, EricMr. George J. Buckley and
Janner, GrevilleMr. Michael Welsh.

Question accordingly agreed to.

Amendment proposed: No. 8, in page 4, line 47, leave out 'Part' and insert `section'.—[Mr. Redwood.]

Question put, That the amendment be made:—

The House divided: Ayes 168, Noes 49.

Division No. 342][9.29 pm
AYES
Alexander, RichardGummer, Rt Hon John Selwyn
Amos, AlanHague, William
Arbuthnot, JamesHamilton, Neil (Tatton)
Ashby, DavidHanley, Jeremy
Atkinson, DavidHaselhurst, Alan
Baker, Nicholas (Dorset N)Hayward, Robert
Batiste, SpencerHicks, Mrs Maureen (Wolv' NE)
Bellingham, HenryHiggins, Rt Hon Terence L.
Bennett, Nicholas (Pembroke)Hind, Kenneth
Benyon, W.Howard, Michael
Biffen, Rt Hon JohnHowells, Geraint
Boscawen, Hon RobertHunt, David (Wirral W)
Boswell, TimHunt, Sir John (Ravensbourne)
Bowis, JohnHunter, Andrew
Braine, Rt Hon Sir BernardIrvine, Michael
Brazier, JulianJack, Michael
Brown, Michael (Brigg & Cl't's)Janman, Tim
Bruce, Ian (Dorset South)Jessel, Toby
Bruce, Malcolm (Gordon)Jones, Gwilym (Cardiff N)
Buck, Sir AntonyKey, Robert
Burns, SimonKilfedder, James
Burt, AlistairKnapman, Roger
Butler, ChrisKnight, Greg (Derby North)
Butterfill, JohnKnight, Dame Jill (Edgbaston)
Campbell, Menzies (Fife NE)Knowles, Michael
Carlile, Alex (Mont'g)Knox, David
Carlisle, John, (Luton N)Lang, Ian
Carlisle, Kenneth (Lincoln)Latham, Michael
Carrington, MatthewLester, Jim (Broxtowe)
Carttiss, MichaelLilley, Peter
Cash, WilliamLivsey, Richard
Chalker, Rt Hon Mrs LyndaLord, Michael
Chapman, SydneyLyell, Sir Nicholas
Chope, ChristopherMacGregor, Rt Hon John
Clark, Sir W. (Croydon S)Maclean, David
Coombs, Anthony (Wyre F'rest)McLoughlin, Patrick
Coombs, Simon (Swindon)McNair-Wilson, Sir Michael
Cormack, PatrickMadel, David
Currie, Mrs EdwinaMans, Keith
Curry, DavidMarland, Paul
Davies, Q. (Stamf'd & Spald'g)Marshall, John (Hendon S)
Davis, David (Boothferry)Martin, David (Portsmouth S)
Day, StephenMaxwell-Hyslop, Robin
Dicks, TerryMeyer, Sir Anthony
Dorrell, StephenMills, Iain
Douglas-Hamilton, Lord JamesMiscampbell, Norman
Dover, DenMorrison, Sir Charles
Dunn, BobNelson, Anthony
Durant, TonyNicholls, Patrick
Evennett, DavidNicholson, Emma (Devon West)
Fallon, MichaelNorris, Steve
Favell, TonyOnslow, Rt Hon Cranley
Fearn, RonaldPatnick, Irvine
Field, Barry (Isle of Wight)Pawsey, James
Fishburn, John DudleyPeacock, Mrs Elizabeth
Fookes, Dame JanetPowell, William (Corby)
Forman, NigelRedwood, John
Forsyth, Michael (Stirling)Riddick, Graham
Forth, EricRidley, Rt Hon Nicholas
Fox, Sir MarcusRidsdale, Sir Julian
Freeman, RogerShaw, David (Dover)
French, DouglasShaw, Sir Giles (Pudsey)
Gale, RogerShephard, Mrs G. (Norfolk SW)
Garel-Jones, TristanShersby, Michael
Glyn, Dr AlanSmith, Tim (Beaconsfield)
Goodlad, AlastairSoames, Hon Nicholas
Goodson-Wickes, Dr CharlesSpeller, Tony
Gow, IanSpicer, Sir Jim (Dorset W)
Greenway, Harry (Ealing N)Spicer, Michael (S Worcs)
Griffiths, Peter (Portsmouth N)Steen, Anthony
Ground, PatrickStevens, Lewis
Stewart, Andy (Sherwood)Ward, John
Stradling Thomas, Sir JohnWardle, Charles (Bexhill)
Summerson, HugoWatts, John
Taylor, John M (Solihull)Wheeler, John
Thompson, D. (Calder Valley)Widdecombe, Ann
Thompson, Patrick (Norwich N)Wiggin, Jerry
Thorne, NeilWinterton, Mrs Ann
Thurnham, PeterWinterton, Nicholas
Townsend, Cyril D. (B'heath)Wolfson, Mark
Tracey, RichardWood, Timothy
Twinn, Dr Ian
Waddington, Rt Hon DavidTellers for the Ayes:
Wakeham, Rt Hon JohnMr. David Heathcoat-Amory and Mr. Torn Sackville.
Walker, Bill (T'side North)
Wallace, James
Walters, Sir Dennis
NOES
Ashton, JoeJones, Barry (Alyn & Deeside)
Barnes, Harry (Derbyshire NE)Lofthouse, Geoffrey
Barron, KevinMcCartney, Ian
Campbell, Ron (Blyth Valley)Mahon, Mrs Alice
Campbell-Savours, D. N.Meale, Alan
Canavan, DennisMichael, Alun
Clwyd, Mrs AnnMichie, Bill (Sheffield Heeley)
Corbyn, JeremyMorgan, Rhodri
Cousins, JimParry, Robert
Cryer, BobPatchett, Terry
Cummings, JohnPike, Peter L.
Cunliffe, LawrencePowell, Ray (Ogmore)
Dixon, DonPrimarolo, Dawn
Ewing, Mrs Margaret (Moray)Ross, Ernie (Dundee W)
Flynn, PaulSalmond, Alex
Galloway, GeorgeSheerman, Barry
Gilbert, Rt Hon Dr JohnSkinner, Dennis
Golding, Mrs LlinSteinberg, Gerry
Hardy, PeterVaz, Keith
Harman, Ms HarrietWelsh, Andrew (Angus E)
Haynes, FrankWilliams, Rt Hon Alan
Hinchliffe, DavidWray, Jimmy
Hoey, Ms Kate (Vauxhall)
Howarth, George (Knowsley N)Tellers for the Noes:
Hughes, John (Coventry NE)Mr. Michael Welsh and
Illsley, EricMr. George J. Buckley.
Janner, Greville

Question accordingly agreed to.

Clause

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.

amendment

As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.

Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.

In the end only a handful of amendments will be incorporated into any bill.

The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.

division

The House of Commons votes by dividing. Those voting Aye (yes) to any proposition walk through the division lobby to the right of the Speaker and those voting no through the lobby to the left. In each of the lobbies there are desks occupied by Clerks who tick Members' names off division lists as they pass through. Then at the exit doors the Members are counted by two Members acting as tellers. The Speaker calls for a vote by announcing "Clear the Lobbies". In the House of Lords "Clear the Bar" is called. Division Bells ring throughout the building and the police direct all Strangers to leave the vicinity of the Members’ Lobby. They also walk through the public rooms of the House shouting "division". MPs have eight minutes to get to the Division Lobby before the doors are closed. Members make their way to the Chamber, where Whips are on hand to remind the uncertain which way, if any, their party is voting. Meanwhile the Clerks who will take the names of those voting have taken their place at the high tables with the alphabetical lists of MPs' names on which ticks are made to record the vote. When the tellers are ready the counting process begins - the recording of names by the Clerk and the counting of heads by the tellers. When both lobbies have been counted and the figures entered on a card this is given to the Speaker who reads the figures and announces "So the Ayes [or Noes] have it". In the House of Lords the process is the same except that the Lobbies are called the Contents Lobby and the Not Contents Lobby. Unlike many other legislatures, the House of Commons and the House of Lords have not adopted a mechanical or electronic means of voting. This was considered in 1998 but rejected. Divisions rarely take less than ten minutes and those where most Members are voting usually take about fifteen. Further information can be obtained from factsheet P9 at the UK Parliament site.

Amendment

As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.

Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.

In the end only a handful of amendments will be incorporated into any bill.

The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.