HC Deb 11 March 1953 vol 512 cc1359-60
Mr. Low

I beg to move, in page 33, line 11, after "day," to insert: and any cause of action against a company arising under subsection (2) of that section shall be deemed for the purposes of paragraph 7 of this Schedule to have arisen before that day and the said paragraph (including sub-paragraph (3) thereof) shall apply accordingly. This Amendment corrects a small omission in paragraph 10 of the Schedule. The paragraph refers to Section 14 of the Iron and Steel Act, 1949, which cancelled certain loan agreements and gave the lenders new and different rights which were statutory rights. To make it clear in that paragraph and in paragraph 7 that the guarantee of the Agency, which is continued by paragraph 7, extends to agreements covered by Section 14. I move this Amendment.

Amendment agreed to.