§ 6.18 p.m.
§ The Solicitor-GeneralI beg to move, in page 11, line 18, to leave out "purchasing, selling," and to insert "acquiring, disposing of."
The object of this and the following Amendment is to define more accurately what are the improper acts with which the Clause deals, and we have selected somewhat wider words than those which already appear in the Bill. The words we propose will ensure that barter transactions involving the exchange of one block of securities for another will be covered. The next Amendment—in page 11, line 19, after "securities," to insert:
or lending or depositing money to or with any industrial and provident society or building society—is to describe more accurately the capital of industrial and provident societies. This does not normally consist only of shares and debentures, but includes also loan capital and deposits, and this second Amendment would bring the lending of money within the scope of Clause 10.
§ Amendment agreed to.
§
Further Amendment made: In page 11, line 19, after "securities," insert:
or lending or depositing money to or with any industrial and provident society or building society."—[Mr. Stanley.]