Results 21–40 of 1548 for speaker:Mr Tim Smith

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I join my hon. Friend the Member for Ryedale (Mr. Greenway) in paying tribute to Lord Wyatt of Weeford, the chairman of the Tote, who is due to retire on 30 April. He has been an absolutely splendid chairman. When I was the parliamentary private secretary to the Home Secretary of the day, I had the good fortune to be invited to a splendid occasion called the annual Tote lunch, which takes...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I was not aware of the date because, unfortunately, I have not been invited this year—perhaps if certain people read Hansard, they might be able to remedy that omission. It is a splendid occasion and it is right that the Tote should celebrate its success. In betting, we might like to start from a different starting point, but the fact is that bookmakers exist and do an excellent job. The...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I think you are right, Mr. Deputy Speaker. The Bill is about horse racing, but I wonder whether it is not too late to extend it to dog racing. What I am about to say would be applicable and relevant to horse racing. I mentioned earlier the rather attractive bet that one could obtain on the number of Liberal Democrat Members in the next Parliament—we all know that there will be substantial...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I am very disappointed at your ruling, Mr. Deputy Speaker, because it means that I shall be unable to give you some very helpful advice about how you should bet the next time you attend dog racing.

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I am delighted to hear that. Newbury race course is one of the most attractive race courses in the country—I am sure that the hon. Member for Newbury (Mr. Rendel) agrees that it is an excellent course. I hope you have a fantastic day out, Mr. Deputy Speaker; I hope that you place all your bets with the Tote; and I hope that you have great success and come in on Monday morning with a big...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: How will the Bill work because I understand that at the moment bets on the Tote create a pool from which prize money is paid, leaving a balance. Therefore, it is impossible for the Tote to lose money. Will that be possible under the new arrangements? Will all bets be similarly pooled?

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: Will my hon. Friend explain how the pool works? How can the concept of a pool be consistent with the idea that one can walk into a bookmakers and place a bet at fixed odds? I do not quite understand how that works.

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I congratulate my hon. Friend the Member for Ryedale (Mr. Greenway) on piloting the Bill through the House. I also congratulate my noble Friend Lord Kimball on introducing the Bill in another place initially. It is an excellent Bill, which supports an excellent organisation: the Tote. On the issue of whether the national lottery should be the only future event on which bookmakers and the...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I have investigated that matter. I think that it is necessary to buy about 5 million tickets to cover every possibility and one would have to have a big syndicate of people all rushing around the shops to buy them up, but, when there is a rollover, there is a possibility that a person could corner the market. However, he would have to hope that he was the only person who won and that he had...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: Of course I have bought lottery tickets from time to time. I even bought one of those scratchcards, but I was so upset when I did not win that I have not bought one since. I have found the same with the weekly lottery. I gave much thought to what the numbers might be and bought one ticket. When not one of them came up, I was so deeply upset about the gross waste of money that I did not do it...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: One large group of people bets on the national lottery and another group takes betting a little more seriously and is better informed. Not many people bet on election outcomes—bets are mostly on horse racing, dog racing and that sort of thing—but people can bet on other activities. For example, it is interesting that there is quite a lot of betting on golf now, but may I finish my point...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I certainly would never suggest that. I am deeply distressed that my hon. Friend should have placed that interpretation on my words because I think that I am right in saying that no one in the House can remember the events of 1826 and probably not many can remember the events of 1926, but may I revert to the point that I was making about the two different markets that are involved because it...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: Would not the disadvantage of such an arrangement—which, on the face of it, is attractive—be that horse racing would suffer considerably?

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I am interested that my right hon. Friend has twice talked about challenging and rivalling the national lottery. I think that he agrees with me that it is reasonable that there should be fair competition and he does not agree with my hon. Friend the Member for Colchester, North (Mr. Jenkin), who says that the national lottery is a paternalistic institution that needs to be protected for all...

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I am not sure whether my hon. Friend is saying that, if there is any damage at all, that settles the matter. It is entirely understandable that, initially, the Government wanted to provide a protected environment for the national lottery. Camelot made assessments of the likely turnover, which have been wildly exceeded. The money that is going to good causes is much greater than forecast....

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: If the provisions of the amendment, which were inserted in another place on the recommendation of the Government, are unnecessary, what is the answer to my hon. Friend's question? Why was the provision inserted?

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: If that is so, can my hon. Friend confirm that the legislation enabling bookmakers generally to take bets on any event—legislation that was introduced when the sector was liberalised in the 1960s—has been amended in the same way as the Bill has been amended?

Orders of the Day — Horserace Totalisator Board Bill [Lords]: New Corporate Powers for the Horserace Totalisator Board ( 7 Feb 1997)

Mr Tim Smith: I wanted to ask my hon. Friend about the amendment. That might be in order. I agree that huge sums have been raised for charity by the national lottery and it has been a great success. Of course it is true that the competition to run it was won by Camelot, which has done an excellent job. However, the national lottery is a state-approved monopoly. Now that it is so firmly established, I do...


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