§ Mr. Jay
I beg to move, Amendment No. 243, in page 68, line 2, to leave out from 'prepare' to end of line 3 and to insert:'the prescribed statement of business of that class, being, if a form is prescribed for the statement, a statement in the prescribed form'.With this Amendment I suggest that we take Amendment No. 244. The first of these Amendments has the effect of amending Section 7 of the principal Act by adding to the revised subsection (1) a provision which will enable the Board of Trade to prescribe either the contents or the form of the statements of business to be prescribed under that Section. That is the first Amendment.
Amendment No. 244, which inserts a second subsection in Section 7, will enable the Board of Trade to modify in relation to individual companies the requirements of the contents or forms prescribed under Section 7 for the purpose 2401 of adapting these to the circumstances of a particular company. The result of the two Amendments together is to bring Section 7 of the principal Act into line with Section 4 of that Act as we have now revised it by Clause 70.
§ Mr. Graham Page
How is it to be prescribed? Frequently in previous provision there has been prescribing by Statutory Instrument. Is it to be prescribed by Statutory Instrument in this case, or by some other means?
§ Mr. Jay
I understand that it will be by Statutory Instrument, but if by any mischance I am in error, I will let the hon. Gentleman know.
§ Amendment agreed to.
Further Amendment made: Amendment No. 244, in page 68, line 3, at end insert:
() The Board of Trade may, on the application or with the consent of an insurance company, modify, in relation to that company, the requirements of the foregoing subsection for the purpose of adapting them to the circumstances of the company.—[Mr. Jay.]