When closing the discussion on the Finance Act, 1956, at the Sessional Meeting held at the Institute in November 1956, A. G. Simons commented that the Act would take a little while to settle down and really be appreciated, and it was a pity, therefore, that some of the younger members of the Institute had not given their views, because they were the ones who would have to handle it in the future.

If the thoughts expressed in this paper encourage a lively discussion amongst the younger members then it will have achieved its object.