HC Deb 19 July 1974 vol 877 cc896-7

Amendment made: No. 27, in page 54, line 57, leave out from "document" to end of line 2 on page 55 and insert: '(4A) A security instrument is not properly executed unless—

  1. (a) where the security is provided after, or at the time when, the regulated agreement is made, a copy of the executed agreement, together with a copy of any other document referred to in it, is given to the surety at the time the security is provided, or
  2. (b) where the security is provided before the regulated agreement is'.—[Mr. Alan Williams.]

Mr. Channon

I beg to move Amendment No. 28, in page 55, line 10, leave out from "hirer" to end of line 14.

This amendment, together with Amendment No. 29, deals with a highly technical matter relating to a legal difficulty which has been raised by the clearing banks. The Government have moved an amendment to Clause 106. I need not worry the House with the technicalities. I am sure that the Minister of State will understand them. But the banks take the view that what the Government have put forward does not meet in full the difficulties which may rise. The banks have taken counsel's opinion and put forward this amendment in the hope that the Government may be able to meet their point. I do not know whether that will be possible.

Mr. Alan Williams

I hope that I shall not disappoint the hon. Gentleman too much if I say that I am willing to accept both amendments, as long as both are moved. I cannot accept them separately, but as a combination they commend themselves to us and we gladly accept them.

Amendment agreed to.

Amendment made: No. 29, in page 55, line 18, leave out from "executed" to end of line 20.—[Mr. Channon.]

Mr. Deputy Speaker

With the agreement of the House, which appears to have been given, perhaps I may put the Government amendments formally. I should notify the House that there are some manuscript amendments, of which I think the Opposition are aware.

Mr. Channon

On a point of order, Mr. Deputy Speaker. There is one Opposition amendment still outstanding, No. 45. That goes with Amendment No. 44. If we could comment on that it would be helpful.

Mr. Deputy Speaker


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