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Amendments made: In page 36, line 5, at beginning, insert:
(1) Any person whom the Minister proposes to appoint, and who has consented to be, a member of the Board, shall before his appointment disclose to the Minister and, if he is appointed, shall as soon as possible disclose to the Board any financial or other interest held by him in any undertaking of an iron and steel producer or in any other business in which the use of iron and steel products for manufacturing purposes or the merchanting of those products or any raw materials used for the production of those products is an important activity or factor; and any member of the Board who acquires any such interest after his appointment shall disclose it as soon as possible to the Minister and to the Board; and any disclosure to the Board under this sub-paragraph shall be made at a meeting of the Board and shall be recorded in the minutes of the Board.
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In line 11, leave out "such disclosure," and insert:
disclosure made under the last preceding sub-paragraph.
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In line 18, at end, insert:
6. For the purposes of subsection (3) of section one hundred and sixty-one of the Companies Act, 1948 (which provides among other things that a person shall not be qualified for appointment as auditor of a company if he is an officer or servant, or a partner of or in the employment of an officer or servant, of a holding company of that company), the Agency shall be deemed not to be a holding company.—[Mr. Sandys.]