HC Deb 09 July 1930 vol 241 cc561-2

Lords Amendment: In page 19, line 11, at the end, insert the following new subsection: (2) In the consideration by the Railway and Canal Commission of a scheme prepared by the Board of Trade under this section the following paragraph shall be substituted for paragraph (a) of the proviso to subsection (2) of section seven of the Act of 1926 (which relates to consideration of schemes by the Commission): '(a) shall not confirm a scheme unless satisfied—

  1. (i) that it would be in the national interest to do so, and
  2. (ii) in the case of an amalgamation scheme that the scheme
    1. (a) will result in lowering the cost of production or disposal of coal, and
    2. (b) will not be financially injurious to any of the undertakings proposed to be amalgamated, unless the scheme contains provisions for the purchase, at a price to be fixed in default of agreement by arbitration, of any such undertaking; and
  3. (iii) that the terms of the scheme are fair and equitable to all persons affected thereby; and'"

Lords Reason:

They do not insist on their Amendment in page 19, line 11, but propose the following Amendment in lieu thereof: (2) In the consideration by the Railway and Canal Commission of a scheme submitted to the Board of Trade under this section the following paragraph shall be substituted for paragraph (a) of the proviso to subsection (2) of section seven of the Act of 1926 (which relates to consideration of schemes by the Commission): 'a) shall not confirm a scheme unless satsified—

  1. (i) that it would be in the national interest to do so, and
  2. (ii) in the case of an amalgamation scheme that the scheme—
    1. (a) will result in lowering the cost of production or disposal of coal, and
    2. (b) will not be financially injurious to any of the undertakings proposed to be amalgamated, unless the scheme contains provisions for the purchase, at a price to be fixed in default of agreement by arbitration, of any such undertaking; and
  3. (iii) that the terms of the scheme are fair and equitable to all persons affected thereby; and'"