§ Mr. Denzil DaviesI beg to move amendment no. 8, in page 18, line 33, leave out
by obtaining additional deposits or".This amendment, too, results from a debate in Committee. The point was raised by the hon. Member for Honiton (Mr. Emery) initially in relation to powers to declare an institution insolvent and to wind it up. The problem was that, if the institution could balance its liabilities and assets by obtaining the additional deposits, it was not very clear as the Bill was drafted whether it would be outside the powers of insolvency and winding up. We have knocked out the wordsby obtaining additional deposits orwhich meets the point made in Committee.
§ Mr. EmeryThe Minister has done exactly what we urged in Committee. We accept that he needed to consider this matter further and we are grateful that he has used usefully the time between fir Committee and Report stages. We applaud the amendment.
§ Amendment agreed to.