§ 40. Mr. Beswick
asked the Minister of Civil Aviation is he will introduce appropriate legislation to make aircraft legal security for financial loans.
§ Mr. Profumo
Her Majesty's Government have in mind the desirability of introducing such legislation in connection with ratification of the Convention on the International Recognition of Rights in Aircraft. Unfortunately there are formidable legal problems involved, and these are at present being examined.
§ Mr. Beswick
As this matter has been on the stocks for some time, and as it is holding up the development of aviation 2066 in many areas, and as I think that such legislation would be non-controversial so far as the House is concerned, would the Parliamentary Secretary see if he can hurry it up?