§ Lords amendment: No. 86., in page 46, line 12, leave out from beginning to first "the" in line 13 and insert "any subsidiary of theirs".
§ Mr. David Mitchell
I beg to move, That this House doth agree with the Lords in the said amendment.
Mr. Deputy Speaker
With this it will be convenient to take Lords amendment No. 87, in page 46, line 15, leave out "any of their subsidiaries" and insert "that subsidiary".
§ Mr. Mitchell
These are drafting amendments to simplify clause 49(3) which enables the NCB to set up an 903 employee share scheme when it disposes of a subsidiary. The clause inadvertently provides for an employee share scheme to be established in one subsidiary as part of the sale of a different subsidiary. Therefore, the amendments are necessary to remove that anomaly.
§ Question put and agreed to.
§ Lords amendments Nos. 87, 88, 89 and 90 agreed to.