§ "Where any goods of a debtor against whom a receiving order has been made are held by any person by way of pledge, pawn, or other security, it shall be lawful for the official receiver or trustee of the debtor's estate, after giving notice in writing of his intention to do so, to inspect the goods, and where such notice has been given such person as aforesaid shall not be entitled to realise his security until he has given the trustee a reasonable opportunity of inspecting the goods and of exercising his right of redemption if he thinks fit to do so."—[Mr. Buxton.]
§ Clause brought up, and read the first time.
§ Clause read a second time, and added to the Bill.
§ (Preferential Payment to Creditor an Offence.)
§ "If a trustee under a deed of arrangement pays to any creditor out of the 1216 debtor's property a sum larger in proportion to the creditor's claim than that paid to other creditors entitled to the benefit of the deed, then, unless the deed authorises him to do so or unless such payments are either made to a creditor entitled to enforce his claim by distress or are such as would be lawful in a bankruptcy, he shall be guilty of a misdemeanour."
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Mr. J. M. Robertson)
We have agreed to accept this New Clause. May I move it in the hon. Member's absence?
§ Mr. SPEAKER
If a Member of the Government is not entitled to move it, an independent Member is certainly not entitled to do so.