HC Deb 18 December 1916 vol 88 c1252

(7) In this Section the expression "ownership" in relation to the site of a house or building means such interest or combination of interests as constitutes an estate in fee simple or fee farm in possession or a leasehold interest in possession of at least ninety years unexpired at the date of the mortgage.


I beg to move, in Subsection (7), after the word "possession" ["or a leasehold interest in possession"], to add the words "under a lease for lives or years renewable for ever or a lease for a term."

I desire to make this addition in order to somewhat enlarge the scope of the Bill. This gives some little additional power where there are limited or successive owners.

Amendment agreed to.