§ Mr. Eyre
I beg to move amendment No. 16, in page 43, leave out lines 33 to 36.
This amendment deletes a provision in terms of the retrospective relief from section 56, which limits that relief to any part of the premium on shares issued in relevant circumstances that has been so applied that it does not, at the date of the Bill's publication—4 February 1981—form an identifiable part of the issuing company's reserves.
Amendment agreed to.