§ 30. Mr. Silvesterasked the President of the Board of Trade what progress has been made by the working party considering exclusion clauses in guarantees; and if he will make a statement.
§ Mr. DarlingIt is hoped that an interim report will be submitted later this year.
§ Mr. SilvesterAs this matter has now been under discussion at least since the Molony Report of 1962, can the right hon. Gentleman give an assurance that he will bring forward the necessary legislation very soon indeed without waiting for an interim report?
§ Mr. DarlingIt is true that the Molony Committee made recommendations, but nothing had been done about the matter until we took over and appointed the Law Commissions and the working party. I have good reason to believe that the working party will have done a pretty good job on this. The time at which we introduce legislation to carry out any recommendations is a matter for further consideration.