§ Lords Amendment: No. 10, in page 21, line 32, leave out "subsection" and insert "subsections (3A) and".
§ The Joint Parliamentary Secretary to the Ministry of Housing and Local Government (Mr. James MacColl)I beg to move, That this House doth agree with the Lords in the said Amendment.
§ Mr. Deputy Speaker (Mr. Sydney Irving)I understand that it would be 1218 convenient to discuss at the same time the two following Lords Amendments: No. 11, in page 22, line 41, at end insert:
(3A) The Minister may from time to time direct that, in such cases or class of cases as may be specified in the direction, being cases where the borrower is entitled to the interest in land in question as trustee for a person who is under the age of twenty-one, an option notice shall, if the qualifying lender in question so agrees, have effect if, instead of the condition specified in subsection (3)(c) of this section, there is satisfied such other condition as may be specified in the direction.and No. 12, in page 25, line 23, after "and" insert:except for the purposes of subsection (3A) of the said section 24".
§ Mr. MacCollThese Amendments meet a point raised by the hon. Member for Southend, West (Mr. Channon) on the Report stage concerning the position of someone under the age of 21 who cannot therefore have a right in land and has no parent to enter into arrangements on his behalf. These Amendments enable him through means of a trustee to get the same results, and I think that they fully meet the point put by the hon. Gentleman.
§ Mr. ChannonI am grateful to the Government for these Amendments, which meet the case I put relating to trustees. I strongly recommend my hon. Friends to support the Amendments, which will cover a small case but meet a substantial point.
§ Question put and agreed to. [Special Entry.]
§ Subsequent Lords Amendments agreed to. [Special Entry.]