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Transport

Volume 649: debated on Wednesday 22 November 1961

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Resolution reported,

That, for the purposes of any Act of the present Session to provide for the reorganisation of the nationalised transport undertakings now carried on under the Transport Act, 1947, it is expedient to authorise any incidental charge to income tax or profits tax which may arise from any provision of the new Act modifying Parts X and XI of the Income Tax Act, 1952 (which relate to certain capital expenditure), section four hundred and eighty-two of that Act (which relates to certain statutory transfers of property) and section seventeen of the Finance Act, 1956 (which relates to expenditure on dredging), in their application to the British Transport Commission and the Boards established under the new Act in connection with any transfer of assets and functions from the Commission to the Boards.

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.