Committee on Finance. - Finance Bill, 1970: Money Resolution.

I move:

That for the purpose of any Act of the present session to charge and impose certain duties of customs and inland revenue (including excise), to amend the law relating to customs and inland revenue (including excise) and to make further provisions in connection with finance, it is expedient to authorise as follows:—

(a) there shall be made the repayment of certain income tax and sur-tax paid in respect of certain dividends and interest paid on or after the 6th day of April, 1966, by certain Irish manufacturing companies consequent upon the granting of certain relief in respect of such dividends and interest;

(b) there shall be made the repayment of certain income tax and sur-tax paid in respect of certain dividends and interest paid on or after the 6th day of April, 1966, by certain Irish companies other than manufacturing companies, consequent upon the granting of certain relief in respect of such dividends and interest;

(c) there shall be made industrial building allowances and the repayment of income tax (including sur-tax) and corporation profits tax in relation to expenditure incurred between the 6th day of April, 1964, and the 6th day of April, 1970, on the construction of certain buildings or structures bought unused;

(d) there shall be made the repayment of estate duty provided for by any section of the said Act providing for amendment of section 21 of the Finance Act, 1956;

(e) to redeem borrowings, and interest thereon, in respect of capital services, there shall be charged annually on the Central Fund or the growing produce thereof a sum of £3,291,553 in the 29 successive financial years and a sum of £3,590,509 in the 30 successive financial years commencing in each case with the financial year ending on the 31st day of March, 1971;

(f) there shall be charged on the Central Fund or the growing produce thereof the contributions paid under an instalment savings scheme established by the Minister for Finance or a trustee savings bank and any bonus or interest payable under such a scheme or any expenses incurred by the Minister for Finance or a trustee savings bank in the administration of such a scheme;

(g) there shall be charged on the Central Fund or the growing produce thereof the principal of, and interest (if any) and the premium on redemption (if any) on securities created and issued by the Minister for Finance under any section of the said Act and the expenses incurred in connection with the issue thereof;

(h) there shall be charged on the Central Fund or the growing produce thereof interest at such rate as may be specified in any Order made under the said Act in relation to the postponement of redemption of certain Government loans.

Question put and agreed to.
Resolution reported and agreed to.