– in the House of Commons am 12:00 am ar 23 Ionawr 1947.
Sir Ian Fraser
, Lonsdale
12:00,
23 Ionawr 1947
asked the Chancellor of the exchequer if he will now set up a committee to consider the Trustee Acts and, if thought fit, to make recommendations for their Amendment.
Mr Hugh Dalton
, Bishop Auckland
No, Sir.
Sir Ian Fraser
, Lonsdale
Does the right hon. Gentleman appreciate that beneficiaries under the trusts and charities are suffering very greatly; and in view of the change in the value of money, which he has brought about, does he not think the time has come to give some very serious thought, within the Department and outside, to this important matter?
Mr Hugh Dalton
, Bishop Auckland
We have discussed this matter before and I have suggested to the House that we must consider the additional risks that would be involved in any extension of the trustee list, but I have also said in reply to the right hon. Member for West Bristol (Mr. Stanley) that I do not exclude rational reconsideration of the matter. I have the matter under consideration now, but I must frankly tell the House that I think there are very great difficulties and very serious objections in the way of any extension of the trustee list.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
