History:
The Act was the product of the Law Commission's work (Report 29 published 23 July 1970) which, at the time, was part of a process of revising the criminal law with a view ultimately to codification. The latter has not been achieved. A link to the Commission's report is below.
The House of Lords Second Reading on the Criminal Damage Bill is worth reading for the succinct speech of Lord Hailsham (then Lord Chancellor), setting out the purpose of the Bill - Criminal Damage Bill Hl - Hansard - UK Parliament.
The Law Commission reported