HC Deb 05 December 1932 vol 272 cc1316-7
The ATTORNEY-GENERAL

I beg to move, in page 12, line 5, to leave out from the word "transfer" to the word "but" in line 7.

The first three Amendments to this Clause are purely drafting, consequential on the agreement with the Metropolitan Railway Company.

Amendment agreed to.

Further Amendments made: In line 13, leave out from the word "consideration" to the word "shall" in line 14.

In line 35, leave out from the word "consideration" to the word "which" in line 36.—[The Attorney-General.]

The ATTORNEY-GENERAL

I beg to move, in page 12, line 39, at the end, to insert the words: () Where in pursuance of the last preceding sub-section the amount and nature of the consideration. payable in respect of the transfer of an independent undertaking, or of the Lewis undertaking, is to be determined by the arbitration tribunal, the undertakers shall for the purposes of sub-section (6) of Section seven of this Act be deemed to have elected to have the consideration paid wholly in cash unless, within such time and in such manner as the arbitration tribunal may direct, they elect to have the consideration paid wholly or partly in transport stock. This is the Amendment to which I have already drawn the attention of the Committee.

Mr. C. WILLIAMS

What is the Lewis undertaking? Why does it have to be mentioned in this Sub-section?

The ATTORNEY-GENERAL

The Lewis Omnibus Company is its more official title. It was put in by the Select Committee in the part of the Sixth Schedule which deals with undertakings to be taken over. I am not clear why it was thought necessary to put it in, but it was done by the Select Committee and we are now making the necessary Amendment.

Amendment agreed to.

The ATTORNEY-GENERAL

I beg to move, in page 12, line 41, to leave out the words "Part II or Part IV or Part V," and to insert instead thereof the words "Parts IV, V, and VI."

This is an Amendment in Sub-section (3). We do not want Part II because that is the Metropolitan Railway Company, and we are putting in Part VI because Part VI is the Lewis Undertaking. The Lewis Undertaking is partly owned by the Metropolitan Railway Company and therefore they prefer to come in as an undertaking. That is why they are dealt with separately.

Mr. C. WILLIAMS

May I thank the Attorney-General for his further explanation. I was not sure whether his first explanation was quite complete, but the explanation he has now given relieves my mind a great deal on the matter.

Amendment agreed to.