Results 181–200 of 13444 for speaker:Mr Selwyn Lloyd

Clause 29. — (Activities in Second Schedule Not to Be Carried on Except Under Licence.) (2 May 1949)

Mr Selwyn Lloyd: If any one from another planet had been listening to this Debate I think he would find considerable difficulty in discovering where the truth lay, because some sweeping statements have been made from both sides of the House. If I may deal with the argument which has just been put forward by the hon. Member for Central Southwark (Mr. Jenkins), it has a distinct similarity to that of the hon....

Clause 29. — (Activities in Second Schedule Not to Be Carried on Except Under Licence.) (2 May 1949)

Mr Selwyn Lloyd: In fact, of course, under the terms of his Clause he is going to hedge them in with rigid control as to time, extent and development. I think he has given way to some extent about price—I am not quite sure—but he is going rigidly to control these smaller firms. The reason he gave for that course of conduct was that that system was necessary for planning, because unless a limit was imposed...

Clause 29. — (Activities in Second Schedule Not to Be Carried on Except Under Licence.) (2 May 1949)

Mr Selwyn Lloyd: I quite appreciate that one cannot be infallible and that sometimes the wish is father to the thought, but I actually wrote down, "Unless there is a limit, too much may be produced." My note which I wrote at the time was, "What about restrictive practices," with two large exclamation marks. That is what I understood the right hon. Gentleman to say. If that is the case, and if his hon. Friend...

Clause 29. — (Activities in Second Schedule Not to Be Carried on Except Under Licence.) (2 May 1949)

Mr Selwyn Lloyd: I am still not altogether without hope that reason may ultimately prevail in this matter because I do not think a great deal divides hon. Members on either side, at all events those who have studied this matter. In the Committee stage we were allowed only one sitting to discuss this Clause and the one before it, and I am delighted that the Lord President of the Council should have been with...

Oral Answers to Questions — Cotton Industry: Liverpool Exchange (3 May 1949)

Mr Selwyn Lloyd: May I ask the Minister whether he is satisfied with the present arrangements for the supply of raw cotton to the spinners?

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: The hon. and learned Member for Kettering (Mr. Mitchison), in one of his very useful interventions, has made the situation very much more obscure than it was before, because it is now quite impossible for the Financial Secretary to ride off in the way he sought to do: These expressions have very definite connotations for tax purposes, and the questions of replacement allowances, wear and tear...

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: If it is not included in "renewal of assets," what does the expression "renewal of assets" mean? In Clause 37 two matters are referred to. There is depreciation, which is fairly easily understandable, and renewal of assets, and there is a duty upon the Corporation to ensure that each company provides out of current revenue adequate allowances for these two matters. If those two matters are...

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: The answer to that point is that provision may at the time seem perfectly proper, and it may seem to be completely adequate, but at the same time it is wise to have a general reserve to cover certain contingencies. If, as I understand it—and this is where the Financial Secretary and his hon. and learned Friend appeared to be at variance—the right hon. Gentleman does intend to have a...

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: I thought my point was perfectly clear. As I understand it, Clause 37 deals with what is to be charged to revenue account in each year. It may be that in addition to what is charged to revenue account—in other words, the amount the tax authorities are prepared to allow in respect of depreciation allowance—it is wise to have a general reserve to cover certain contingencies. In other words,...

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: On a point of Order. Mr. Speaker, would you resolve the difficulty which I am in? I thought you said that we should discuss the Amendment to line 2 and with it deal with the Amendment to line 9.

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: The right hon. and learned Gentleman spoke about using the reserve fund to check undue fluctuations. Would that be consistent with the duty under Clause 31 to make the revenue of the Corporation not less than sufficient to meet their combined outgoings?

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: I am seeking to follow the hon. Member's argument. I appreciate his argument in relation to Clause 36. He will recollect that the Government introduced an Amendment to Clause 2 with regard to the acquisition of other companies. Surely it would be perfectly possible for the Minister to give a specific direction under Clause 35 for part of the reserve funds to be used to acquire one of the...

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: Surely, under Clause 4 (1) the Minister has the clearest possible power to give a direction covering that case?

Clause 35. — (General Reserve.) (3 May 1949)

Mr Selwyn Lloyd: I hope someone on the Government Front Bench will say something on this matter. I do not wish to come between them and the House. I only want to ask a simple question, and it arises out of what was said by the hon. Member for Reading (Mr. Mikardo). He gave me a categorical assurance that, in his view, it would be impossible for the Minister to direct the Corporation to use part of the general...

Clause 36. — (Ordinary Powers of Investment) (3 May 1949)

Mr Selwyn Lloyd: I beg to move, in page 41, line 17, after "Corporation." to insert: or any publicly-owned company. I suggest it would be for the convenience of the House if we were also to discuss the Amendments in lines 19, 21, 23 and 24, all of which are consequential. At long last we have reached an Amendment which I think the right hon. Gentle- man will be prepared to accept. So far, he has not given...

Clause 36. — (Ordinary Powers of Investment) (3 May 1949)

Mr Selwyn Lloyd: The right hon. Gentleman has met this Amendment in a much more conciliatory spirit than he has met many others, and although I am anxious not to be obstinate there are certain difficulties about what he suggested. There must be sums of money in the hands of the companies as well as in the hands of the Corporation. There must be power, somewhere, to invest those sums of money. At the moment,...

Clause 36. — (Ordinary Powers of Investment) (3 May 1949)

Mr Selwyn Lloyd: In view of the intimation of the right hon. Gentleman I beg to ask leave to withdraw the Amendment.

Clause 44. — (Procedure and Enforce- Ment of Orders of Arbitration Tribunal.) (3 May 1949)

Mr Selwyn Lloyd: I beg to move, in page 49, line 14, to leave out "on a claim." This Amendment goes with the following Amendment, in line 15, which I understand is not to be selected.

Clause 44. — (Procedure and Enforce- Ment of Orders of Arbitration Tribunal.) (3 May 1949)

Mr Selwyn Lloyd: I am not in any way challenging your Ruling, Major Milner, but am seeking further information. I understood that you did not intend to select the first Amendment in line 15.

Clause 44. — (Procedure and Enforce- Ment of Orders of Arbitration Tribunal.) (3 May 1949)

Mr Selwyn Lloyd: Perhaps I may speak to the Amendments to which you referred, Mr. Deputy-Speaker, and if any of them do not strictly follow perhaps there will be a chance of discussing them at a later stage. I think the point of general principle is fairly clear and, as I spoke on this matter for half an hour during the proceedings in Standing Committee, I can move this Amendment in very short terms. Clause...


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