HC Deb 22 July 1960 vol 627 cc1006-7
Mr. Barber

I beg to move, in page 33, line 40, after "year", to insert: by way of investments in or loans to the building society. It may be convenient with this to discuss at the same time the Amendment in page 33.

Mr. Speaker

That will be convenient.

Mr. Barber

These two Amendments are largely drafting Amendments intended to deal with a flaw in Clause 43. As the Clause stands, the directors' report would be required under subsection (3, c) to show the total amount received from members of the society during the financial year. Strictly speaking, that would include repayments by borrowing members in respect of advances made to them. That is clearly not the intention, and I hope that the House will agree to the Amendment.

Amendment agreed to.

Further Amendment made: In page 33, line 40, leave out from "members" to "and" in line 41 and insert "or depositors".—[Mr. Barber.]