Orders of the Day — Finance Bill – in the House of Commons am 12:00 am ar 10 Mehefin 1947.
Mr Oliver Crosthwaite-Eyre
, New Forest and Christchurch
There is one question I would like to ask. Can the Chancellor of the exchequer, or anyone on the front bench opposite, say something about the definition of the whole-time director?
Mr Hugh Dalton
, Bishop Auckland
It is all going to be looked at by agreement reached between the two sides of the Committee.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
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.
The first bench on either side of the House of Commons, reserved for ministers and leaders of the principal political parties.
