§ The Secretary of State for Scotland (Mr. George Younger)I beg to move amendment No. 258, in page 29, line 13, after "council", insert "or the Housing Corporation".
Mr. Deputy Speaker (Mr. Bryant Godman Irvine)With this we shall take Government amendments Nos. 259 to 262.
§ Mr. YoungerThese amendments will extend to the Housing Corporation the power provided by clause 30—[Interruption.]
Mr. Deputy SpeakerOrder. It would be convenient for the whole House to hear what the Minister has to say.
§ Mr. YoungerIt would be convenient for me, too, Mr. Deputy Speaker.
The effect of these amendments will be to extend to the Housing Corporation the power provided by clause 30 to local authorities to indemnify building societies in respect of mortgages. Clause 104 of the Housing Bill as amended in Committee provides the corporation with similar power in respect of its operations in England and Wales.
§ Amendment agreed to.
§
Amendment made : No. 259, in page 29, line 17, after 'council ', insert
'or, as the case may be, the Housing Corporation'.—[Mr. Younger.]
§ Mr. YoungerI beg to move amendment No. 136, in page 29, line 22, leave out ' make any payment ' and insert
'perform any obligation imposed on him by the standard security'.This amendment extends the circumstances in which a local authority can 716 indemnify a building society against loss under clause 30. At present, clause 30(1) refers only to a failure by the borrower to make payments, but it was pointed out by the building societies that there may be other forms of default which may involve a building society in financial loss.
§ Amendment agreed to.
§
Amendments made: No. 260, in page 29, line 24, after ' council ', insert
'or, as the case may be, the Housing Corporation'.
§
No. 261, in page 29, line 36, after ' with ',
insert ' the Housing Corporation and with'.
§
No. 262, in page 30, line 11, after ' authority ', insert '
on the Housing Corporation'.—[Mr. Younger.]