§ Lords amendment No. 22 agreed to.
§
Lords amendment: No. 23, in page 4 line 35, at end insert
; and for the purposes of paragraph (b) above it shall be assumed that any option to renew or extend a lease or sub-lease, whether or not forming part of a series of options, is exercised, and that any option to terminate a lease or sub-lease is not exercised
§ Mr. GowThese amendments are designed to block a possible loophole in the discount clawback provisions. I am sure that they are uncontroversial, and I commend them to the House.
§ Question put and agreed to.
§ Lords amendments Nos. 24 to 27 agreed to.
§
Lords amendment: No. 28, in page 5, line 29, leave out
After subsection (4) of that section
and insert—
608
In subsection (4) of that section for the words "specified in" there shall be substituted the words "falling within".
(3A) After that subsection".
§ Sir George YoungI beg to move, That this House doth agree with the Lords in the said amendment.
§ Sir George YoungThe purpose of the amendments is to enable additions to be made to the list of mortgage lenders whose loans take priority over repayment of discount on sales of council and other public sector housing. That should help to attract a little more private sector finance for the purchase of council houses and the refinancing of local authority mortgages.
I do not think that the amendments are controversial. They are matters on which we have received representations, and I commend them to the House.
§ Question put and agreed to.
§ Lords amendments Nos. 29, 30 and 31 agreed to.