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Schedule 9

Volume 888: debated on Monday 10 March 1975

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Valuation

Amendments made : No. 284, in page 113, line 38, leave out ' 26th' and insert 27th '.

No. 286, in page 114, line 17, leave out 26th ' and insert 27th '.

Division No. 139.]

AYES

[12 midnight

Abse, LeoArcher, PeterAtkins, Ronald (Preston N)
Allaun, FrankAshley, JackAtkinson, Norman
Anderson, DonaldAshton, JoeBagier, Gordon A. T.

No. 288,in page 115, line 33, leave out

'sub-paragraph (2) below ' and insert:
'the following provisions of this paragraph'.

No. 289,line 47, at end, insert:

'(3) Sub-paragraph (1) above does not apply where the policy is one under which the sum assured becomes payable only if the person whose life is insured dies before the expiry of a specified term or both before the expiry of aspecified term and during the life of a specified persor and which, if that specified term ends, or can, under the policy, be extended so as to end, more than three years after the making of the insurance, satisfies the condition that, if neither the person whose life is insured nor the specified person dies before the expiry of he specified term—
  • (a) the premiums are payable during at Is of that term and at yearly ervals ; and
  • (b) the premiums payable in any one lye months are not more than twice the premiums payable in any other such period.
  • (4) where the policy is one under which—
  • (a) the benefit secured is expressed in le of which is published and subject to fluctuation; and
  • (b) the payment of each premium secures to the policy of a specified number of such units ;
  • then if the value, at the time of the transfer of the units allocated to the policy of premiums is less than the aggregate of what the respective values of the units were at the time of allocation, the value to be taken under sub-paragraph (1) above as a minimum shall be reduced by the difference '.—[Mr. Joel Barnett.]

    Schedule 10

    Amendment Of Estate Duty Enactments

    Amendments made : No. 290, in page 123, line 28, after transfer ', insert made on death

    No. 291, page 124, line 20, leave out paragraph 4.

    No. 292, in line 31, at end insert made on death '.

    No. 293, in page 125, line 20, leave out paragraph 8.—[ Mr. Joel Barnett.]

    Mr. DEPUTY SPEAKER then proceeded pursuant to Order [4th March], to put forthwith the Question, That the Bill be now read the Third time : —

    The House divided : Ayes 278, Noes 253.

    Barnett, Guy (Greenwich)George, BruceMolloy, William
    Barnett, Rt Hon Joel (Heywood)Gilbert, Dr JohnMoonman, Eric
    Bates, AlfGinsburg, DavidMorris, Alfred (Wythenshawe)
    Bean, R. E.Golding, JohnMorris, Charles R. (Openshaw)
    Benn, Rt Hon Anthony WedgwoodGould, BryanMorris, Rt Hon J. (Aberavon)
    Bennett, Andrew (Stockport N)Gourlay, HarryMulley, Rt Hon Frederick
    Bidwell, SydneyGraham, TedMurray, Rt Hon Ronald King
    Bishop, E. S.Grant, George (Morpeth)Newens, Stanley
    Blenkinsop, ArthurHamilton, James (Bothwell)Noble, Mike
    Boardman, H.Hamilton, W. W. (Central Fife)Oakes, Gordon
    Booth, AlbertHardy, PeterOgden, Eric
    Boothroyd, Miss BettyHarper, JosephO'Halloran, Michael
    Bottomley, Rt Hon ArthurHarrison, Walter (Wakefield)O'Malley, Rt Hon Brian
    Boyden, James (Bish Auck)Hatton, FrankOrbach, Maurice
    Bradley, TomHayman, Mrs HeleneOvenden, John
    Bray, Dr JeremyHealey, Rt Hon DenisPadley, Walter
    Brown, Hugh D. (Provan)Heffer, Eric S.Park, George
    Brown, Robert C. (Newcastle W)Hooley, FrankParry, Robert
    Brown, Ronald (Hackney S)Horam, JohnPavitt, Laurie
    Buchan, NormanHowell, Denis (B'ham, Sm H)Pendry, Tom
    Buchanan, RichardHoyle, Doug (Nelson)Perry, Ernest
    Butler, Mrs Joyce (Wood Green)Huckfield, LesPhipps, Dr Colin
    Callaghan, Jim (Middleton & P)Hughes, Rt Hon C. (Anglesey)Prentice, Rt Hon Reg
    Campbell, IanHughes, Mark (Durham)Prescott, John
    Canavan, DennisHughes, Robert (Aberdeen N)Price, C. (Lewisham W)
    Cant, R. B.Hughes, Roy (Newport)Price, William (Rugby)
    Carmichael, NeilHunter, AdamRadice, Giles
    Carter, RayIrving, Rt Hon S. (Dartford)Richardson, Miss lo
    Carter-Jones, LewisJackson, Colin (Brighouse)Roberts, Albert (Normanton)
    Cartwright, JohnJackson, Miss Margaret (Lincoln)Roberts, Gwilym (Cannock)
    Castle, Rt Hon BarbaraJay, Rt Hon DouglasRobertson, John (Paisley)
    Clemitson. IvorJeger, Mrs LenaRoderick, Caerwyn
    Cocks, Michael (Bristol S)Jenkins, Hugh (Putney)Rodgers, George (Chorley)
    Cohen, StanleyJenkins, Rt Hon Roy (Stechford)Rodgers, William (Stockton)
    Coleman, DonaldJohn, BrynmorRooker, J. W.
    Colquhoun, Mrs MaureenJohnson, James (Hull West)Roper, John
    Concannon, J. D.Johnson, Walter (Derby S)Rose, Paul B.
    Conlan, BernardJones, Alec (Rhondda)Ross, Rt Hon W. (Kilmarnock)
    Cook, Robin F. (Edin C)Jones, Barry (East Flint)Rowlands, Ted
    Corbett, RobinJones, Dan (Burnley)Ryman, John
    Cox, Thomas (Tooting)Judd, FrankSandelson, Neville
    Craigen, J. M. (Maryhill)Kaufman, GeraldSedgemore, Brian
    Cronin, JohnKelley, RichardSelby, Harry
    Crosland, Rt Hon AnthonyKerr, RussellShaw, Arnold (Ilford South)
    Cryer, BobKilroy-Silk, RobertSheldon, Robert (Ashton-u-Lyne)
    Cunningham, G. (Islington S)Kinnock, NeilShore, Rt Hon Peter
    Cunningham, Dr J. (Whiteh)Lambie, DavidShort, Rt Hon E. (Newcastle C)
    Dalyell, TamLamborn, HarryShort, Mrs Rençe (Wolv NE)
    Davidson. ArthurLamond, JamesSilkin, Rt Hon John (Deptford)
    Davies, Bryan (Enfield N)Latham, Arthur (Paddington)Silkin, Rt Hon S. C. (Dulwich)
    Davies, Denzil (Llanelli)Leadbitter, TedSillars, James
    Davies, Ifor (Gower)Lee, JohnSilverman, Julius
    Davis, Clinton (Hackney C)Lewis, Arthur (Newham N)Skinner, Dennis
    Deakins, EricLewis, Ron (Carlisle)Small, William
    Dean, Joseph (Leeds West)Lipton, MarcusSmith, John (N Lanarkshire)
    Delargy, HughLitterick, TomSnape, Peter
    Dell, Rt Hon EdmundLoyden, EddieSpearing, Nigel
    Dempsey, JamesLuard, EvanSpriggs, Leslie
    Doig, PeterLyon, Alexander (York)Stallard, A. W.
    Dormand, J. D.Lyons, Edward (Bradford W)Stewart, Rt Hon M. (Fulham)
    Douglas-Mann, BruceMabon, Dr J. DicksonStott, Roger
    Duffy, A. E. P.McCartney, HughStrang, Gavin
    Dunn, James A.McElhone, FrankStrauss, Rt Hon G. R.
    Dunnett, JackMacFarquhar, RoderickTaylor, Mrs Ann (Bolton W)
    Dunwoody, Mrs GwynethMcGuire, Michael (Ince)Thomas, Jeffery(Abertillery)
    Eadie, AlexMackenzie, GregorThomas, Mike (Newcastle E)
    Edge, GeoffMackintosh, John P.Thomas, Ron(Bristol NW)
    Ellis, Tom (Wrexham)Maclennan, RobertThomas, Ron (Bristol NW)
    English, MichaelMcMillan, Tom (Glasgow C)Thorne, Stan (Preston South)
    Ennals, DavidMcNamara, KevinTierney, Sydney
    Evans, John (Newton)Madden, MaxTinn, James
    Ewing. Harry (Stirling)Wagee BryanTomlinson, John
    Faulds, AndrewMahon, SimonTorney, Tom
    Fernyhough, Rt Hon E.Marks, KennethUrwin, T. W.
    Flannery, MartinMarquand, DavidVarley, Rt Hon Eric G.
    Fletcher, Raymond (Ilkeston)Marshall, Dr Edmund (Goole)Wainwright, Edwin (Dearne V)
    Fletcher Ted (Darlington)Marshall, Jim (Leicester S)Walden, Brian (B'ham, L'dyw'd)
    Foot, Rt Hon MichaelMason, Rt Hon RoyWalker, Harold (Doncaster)
    Ford, BenMeacher, MichaelWalker, Terry (Kingswood)
    Forrester, JohnMellish, Rt Hon RobertWard, Michael
    Fowler, Gerald (The Wrekin)Mikardo, IanWatkins, David
    Fraser, John (Lambeth, N'w'd)Millan, BruceWatkinson, John
    Freeson, ReginaldMiller, Dr M. S. (E Kilbride)Weetch, Ken
    Garrett, John (Norwich S)Miller, Mrs Millie (Ilford N)Weitzman, David
    Garrett, W. E. (Wallsend)Mitchell. R. C. (Soton, Itchen)Wellbeloved, James

    White, Frank R. (Bury)Williams, Alan Lee (Hornch'ch)Woodall, Alec
    White, James (Pollok)Williams, Rt Hon Shirley (Hertford)Wrigglesworth, Ian
    Whitehead, PhillipWilliams, W. T. (Warrington)Young, David (Bolton E)
    Whitlock, WilliamWilson, Alexander (Hamilton)TELLERS FOR THE AYES:
    Willey, Bt Hon FrederickWilson, William (Coventry SE)Mr. John Ellis and
    Williams, Alan (Swansea W)Wise, Mrs AudreyMr. David Stoddart.

    NOES

    Adley, RobertGlyn, Dr AlanMaxwell-Hyslop, Robin
    Aitken, JonathanGoodhart. PhilipMayhew, Patrick
    Alison, MichaelGoodhew, VictorMeyer, Sir Anthony
    Arnold, TomGoodlad, AlastairMiller, Hal (Bromsgrove)
    Atkins, Rt Hon H. (Spelthorne)Gorst, JohnMills, Peter
    Awdry, DanielGow, Ian (Eastbourne)Miscampbell, Norman
    Bain, Mrs MargaretGower, Sir Raymond (Barry)Mitchell. David (Basingstoke)
    Baker, KennethGrant, Anthony (Harrow C)Moate, Roger
    Banks, RobertGray, HamishMonro, Hector
    Beith, A. J.Grieve, PercyMontgomery, Fergus
    Bell, RonaldGriffiths, EldonMoore John (Croyden C)
    Bennett, Sir Frederic (Torbay)Grist IanMore, Jasper (Ludlow)
    Bennett, Dr Reginald (Fareham)Grylls MichaelMorgan, Geraint
    Benyon,W.Hall, Sir JohnMorgan-Giles, Rear-Admiral
    Berry, Hon AnthonyHall-Davis, A. G. F.Morris, Michael (Northampton S)
    Biffen, JohnHampson, Dr KeithMorrison, Charles (Devizes)
    Biggs-Davison, JohnHannam, JohnMorrison, Hon Peter (Chester)
    Blaker, PeterHannam, JohnNeave, Airey
    Boscawen, Hon. RobertHarrison, Col Sir Harwood (Eye)Nelson, Anthony
    Bowden, A. (Brighton, Kemptown)Harvie Anderson, Rt Hon MissNeubert, Michael
    Boyson, Dr. Rhodes (Brent)Hastings StephenNewton, Tony
    Braine, Sir BernardHavers, Sir MicheelNott, John
    Brittan, LeonHawkins, PaulOnslow, Cranley
    Brotherton, MichaelHayhoe, BarneyOppenheim, Mrs Sally
    Brown, Sir Edward (Bath)Henderson, DouglasPage, John (Harrow West)
    Bryan, Sir PaulHeseltine, MichaelPage, Rt Hon R. Graham (Crosby)
    Buchanan-Smith, AlickHicks, RobertPardoe, John
    Buck, AntonyHiggins, Terence L.Parkinson, Cecil
    Budgen, NickHolland, PhilipPenhaligon, David
    Bulmer, EsmondHolland, PeterPercival, Ian
    Burden, F.A. Howe, Rt Hn Sir GeoffreyPeyton, Rt Hon John
    Burden, F. A. Howell David (Gulldford)Pink, R. Bonner
    Carlisle, MarkHowells. Geraint (Cardign)Pym, Rt. Hon Francis
    Chalker, Mrs LyndaHunt, JohnRaison, Timothy
    Channon, Paul
    Clark, Alan (Plymouth, Sutton)Hurd, DouglasRathbone, Tim
    Clark, William (Croydon S)Irving, Charles (Cheltenham)Rawlinson, Rt Hon Sir Peter
    Clarke, Kenneth (Rushcliffe)James, DavidRees, Peter (Dover & Deal)
    Clegg, WalterJenkin, Rt Hon P.(Wanst'd & W'df'd)Rees, Davies, W.R.
    Cockcroft, JohnJessel, Toby
    Cooke, Robert (Bristol W)Johnson Smith, G.(E.Grinstead)Reid George
    Cope, JohnJones, Arthur (Daventry)Renton, Rt Hon Sir D. (Hunts)
    Cormack, PatrockJopling MichaelRenton, Tim (Mid-Sussex)
    Costain, A.P.Joseph, Rt Hon Sir KeithRidley, Hon Nicholas
    Crawford, DouglasKaberry, Sir DonaldRidsdale, Julian
    Critchley, JulianKershaw, AnthonyRifkind, Malcolm
    Crowder, F.P.Kilfedder, JamesRoberts, Michael (Cardiff NW)
    Dean, Paul (N Somerset)Kimball, MarcusRoberts, Wyn (Conway)
    Dodsworth, GeoffreyKing, Evelyn (South Dorset)Ross, Stephen (Isle of Wight)
    Douglas-Hamilton, Lord JamesKing, Tom (Bridgwater)Rossi, Hugh (Hornsey)
    du Cann, Rt Hon EdwardKnight Mrs JillRost, Peter (SE Derbyshire)
    Durant, TonyKnox, DavidRoyal, Sir Anthony
    Eden, Rt Hon Sir JohnLamont, NormanSainsbury, Tim
    Edwards, Nicholas (Pembroke)Lane, DavidSt. John-Stevas, Norman
    Elliott, Sir WilliamLamont, NormanShaw, Giles (Pudsey)
    Emery, PeterLane, DavidShelton, William (Streatham)
    Evans, Gwynfor (Carmarthen)Lawrence IvanShepherd, Colin
    Ewing, Mrs Winifred (Moray)Lawson, NigelShersby, Michael
    Eyre ReginaldLe Marchant, SpencerSims, Roger
    Faibairn, NicholasLester Jim (Beeston)Sinclair, Sir George
    Fairgrieve, RussellLewis, Kenneth (Rutland)Skeet, T.H.H.
    Farr, JohnLloyd, IanSmith, Cyril (Rochdale)
    Fell, AnthonyLoveridge, JohnSmith, Dudley (Warwick)
    Finsberg, GeoffreyLuce, RichardSpeed, Keith
    Fisher, Sir NigelMac Cormick, IainSpence, John
    Fletcher, Alex (Edinburgh N)Mc Crindle, RobertSpicer, Michael (S Worcester)
    Fletcher, Miss JanetMacGregor, NeilSproat, Iain
    Fowler, Norman (Sutton C'f'd)MacGregor, JohnStanley, John
    Fox, MarcusMacmillan, Rt Hon M. (Farnham)Steel, David (Roxburgh)
    Fraser, Rt Hon H. (Stafford & St)McNair-Wilson, M. (Newbury)Steen, Anthony (Wavertree)
    Freud, ClementMcNair-Wilson, P. (New Forest)Stewart, Donald (Western Isles)
    Fry, PeterMarshall, Michael (Arundel)Stewart, Ian (Hitchin)
    Gardiner, George (Reigate)Marten, NeilStokes, John
    Gardner, George (S Fylde)Mates, MichaelStradling Thomas, J.
    Gilmour, Rt Hon Ian (Chesham)Maudling, Rt Hon ReginaldTapsell, Peter
    Gilmour, Sir John (East Fife)Mawby, RayTaylor, Teddy (Cathcart)

    Tebbit, NormanWiggers, PeterWigley, Dafydd
    Temple-Morris, PeterWakeham, JohnWilson, Gordon (Dundee E)
    Thatcher, Rt Hon MargaretWalker, Rt Hon P. (Worcester)Winterton, Nicholas
    Thomas, Dafydd (Merioneth)Walters, DennisWood, Rt Hon Richard
    Thompson, GeorgeWatt, HamishYoung, Sir G. (Ealing, Acton)
    Townsend, Cyril D.Weatherill, Bernard
    Trotter, NevilleWells, JohnTELLERS FOR THE NOES:
    Tugendhat, ChristopherWelsh, AndrewMr. Adam Butler and
    van Straubenzee, W. R.Whitelaw, Rt Hon WilliamMr. Fred Silvester.
    Vaughan, Dr. GerardWiggin, Jerry

    Question accordingly agreed to.

    Bill read the Third time and passed.

    Adjournment

    Motion made, and Question proposed, That this House do now adjourn.—[ Mr. Dormand]