HC Deb 01 July 1975 vol 894 c1325

Amendments made:

No. 20, in page 4, line 35, at beginning insert: 'Subject to subsection (2) below,'.

No. 21, in page 4, line 38, after 'Board', insert 'or the Board's nominees'.

No. 22, in page 4, line 39, at end insert: '(2) Publicly-owned securities and other publicly-owned property may only be transferred to the Board or the Board's nominees with the consent of the Secretary of State or in accordance with any general authority given by the Secretary of State. (3) The Secretary of State shall lay before each House of Parliament a copy of any general authority given by him under subsection (2) above'.

No. 23, in page 4, line 39, at end insert: '(3) When the Secretary of State has given a consent under subsection (2) above and the consideration for the transfer exceeds £1 million, he shall lay before each House of Parliament a statement specifying—

  1. (a) the securities or other property to be transferred;
  2. (b) the transferor;
  3. (c) the consideration; and
  4. (d) the date of his consent'.—[Mr. Varley.]

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