Part of the debate – in the House of Commons at 4:27 pm on 7 April 1998.
My right hon. Friend has referred to the existing system. The Public Accounts Committee examined the way in which the director general applied that system, and, in its report of July 1996, made clear the director general's view that applicants' intentions regarding the use of profit—and, indeed, whether a profit was made, and whether it was handed to charity—were not relevant considerations under the Act.