[ 16th April]
That it is expedient to amend the law with respect to the National Debt (including the sinking funds therefor), Customs and Inland Revenue (including Excise), with or without amendment of the law relating to purchase tax of the following descriptions:—
(a) amendments to exempt from tax, or charge with tax at the first or second rate (instead of a higher rate), goods comprised in Group 4, 11, 12 or 31 and now chargeable at the first rate, or goods comprised in Group 5 or 6 and now chargeable at the first or second rate, or goods comprised in Group 23 and now chargeable at the first, second or third rate, but so as not to prejudice the power of the Treasury to make orders under section twenty-one of the Finance Act, 1948: (b) amendments to make provision for the giving to the Treasury of advice and assistance in the exercise of the said power by a body to be constituted for the purpose, and for the powers and duties in that behalf of that body and other subordinate matters.
Resolution read a Second time.
Question, "That this House doth agree with the Committee in the said Resolution," put forthwith, pursuant to Standing Order No. 86 (Ways and Means Motions and Resolutions), and agreed to.
Bill ordered to be brought in upon the said Resolution and upon the other Resolutions reported from the Committee of Ways and Means and the Resolution reported from the Committee on Finance [Money], and agreed to this day, by the Chairman of Ways and Means, the Chancellor of the Exchequer, Mr. John Edwards and Mr. Douglas Jay.