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Martin, David (Portsmouth S)

Maxwell-Hyslop, Robin

Meyer, Sir Anthony

Mills, Iain

Nicholls, Patrick

Nicholson, Emma (Devon West)

Redwood, John

Ridley, Rt Hon Nicholas

Sackville, Hon Tom

Shaw, David (Dover)

Shaw, Sir Giles (Pudsey)

Shephard, Mrs G. (Norfolk SW)

Smith, Tim (Beaconsfield)

Soames, Hon Nicholas

Speller, Tony

Stevens, Lewis

Stewart, Andy (Sherwood)

Stradling Thomas, Sir John

Summerson, Hugo

Taylor, John M (Solihull)


Column 965

Taylor, Teddy (S'end E)

Thompson, D. (Calder Valley)

Thompson, Patrick (Norwich N)

Thorne, Neil

Thurnham, Peter

Townsend, Cyril D. (B'heath)

Tracey, Richard

Twinn, Dr Ian

Waddington, Rt Hon David

Wallace, James

Ward, John

Wardle, Charles (Bexhill)

Warren, Kenneth

Watts, John

Wheeler, John

Widdecombe, Ann

Wood, Timothy

Tellers for the Ayes :

Mr. Irvine Patnick and

Mr. David Heathcoat-Amory.

NOES

Barnes, Harry (Derbyshire NE)

Buckley, George J.

Campbell-Savours, D. N.

Cousins, Jim

Cryer, Bob

Cunliffe, Lawrence

Davies, Ron (Caerphilly)

Dixon, Don

Ewing, Mrs Margaret (Moray)

Flynn, Paul

Galloway, George

Godman, Dr Norman A.

Golding, Mrs Llin

Haynes, Frank

Hinchliffe, David

Hughes, John (Coventry NE)

Illsley, Eric

Jones, Ieuan (Ynys Mo n)

Lofthouse, Geoffrey

Mahon, Mrs Alice

Meale, Alan

Nellist, Dave

Pike, Peter L.

Prescott, John

Skinner, Dennis

Spearing, Nigel

Vaz, Keith

Welsh, Andrew (Angus E)

Welsh, Michael (Doncaster N)

Wray, Jimmy

Tellers for the Noes :

Mr. John Cummings and

Mr. Ronnie Campbell.

Question accordingly agreed to.

Schedule 2

ading [Schedule 4A to the Companies Act 1985]Form and Content of Group Accounts-- Mr. Redwood : I beg to move amendment No. 13, in page 204, line 2, leave out nominal value' and insert appropriate amount in respect'.

Madam Deputy Speaker : With this we may take Government amendments Nos. 14 and 15.

Mr. Redwood : The amendments fine-tune the provisions in schedule 2, which prescribe rules derived from the seventh directive for the accounting treatment of mergers and acquisitions. Amendments Nos. 13 and 14 are brought forward in response to a point made in Committee by the hon. Member for Norwich, South (Mr. Garrett) ; they make a technical change to the provisions on merger accounting to ensure that present accounting practice can continue. Amendment No. 15 makes it clear how the rules on accounting for mergers and acquisitions apply when a group of companies is acquired-- that is, a parent company and its subsidiary undertakings.

Question put, That the amendment be made :--

The House divided : Ayes 129, Noes 24.

Division No. 348] [11.36 pm

AYES

Alexander, Richard

Alison, Rt Hon Michael

Amess, David

Amos, Alan

Arbuthnot, James

Ashby, David

Atkinson, David

Baker, Nicholas (Dorset N)

Batiste, Spencer

Beith, A. J.

Bellingham, Henry

Bennett, Nicholas (Pembroke)

Biffen, Rt Hon John

Boswell, Tim

Bowis, John

Brazier, Julian

Bruce, Malcolm (Gordon)

Buck, Sir Antony

Burns, Simon

Burt, Alistair

Butterfill, John

Campbell, Menzies (Fife NE)

Campbell-Savours, D. N.

Carlisle, Kenneth (Lincoln)

Carrington, Matthew

Carttiss, Michael

Cash, William

Chapman, Sydney


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