I will in a moment; let me just deal with one or two points raised by the hon. Member for South-West Hertfordshire (Mr. Page).

On registration, we have been round the course before. To think that we are running away from the whole question of exchanges is a little ludicrous, to say the least. The subject has probably been debated both here and in other places ad nauseam. At some stage, one has to come to some decisions. As I said this

morning, one reason for the Bill is the need to deal with the ever-moving world that we live in, which has been affected by the movement of information electronically. This sector, this sport, this industry is no different from many others. We have to manage it, which is why the Bill is before Parliament. Exchanges are but one element of the massive changes that have taken place as a result of new technologies. That is why we are doing what we are in the Clause.

Registration means proof of name and address and taking payment details. I cannot go beyond what I said on the question of the definition of ''business''. We have given that to the best of our ability. If people want to put their own interpretation on it, they will, but I have given what we believe to be the definitions of business and registration.