On the Resolution, I have already indicated that I regard this Bill as a typical instance of bureaucratic control which I think is undesirable in legislation. I can quite well appreciate that the Minister requires some form of Exchange Control Bill and that the Minister is in the dilemma of deciding whether he should continue the existing Emergency Powers Order or introduce a Bill to cover the position for a longer period. I accept the Minister's view that he regards these powers as necessary. Nevertheless, I consider that the Bill is a very bad precedent and a dangerous precedent from a legislative point of view, and I would ask the Minister to reconsider it from another point of view. I think the constitutionality of the Bill is doubtful. The measure, in effect, gives fairly wide powers, amounting to powers of confiscation, and I doubt if the provisions of a Bill that, in effect, provide for confiscation are constitutional.
Money Resolution put and agreed to.
Money Resolution reported and agreed to.