HC Deb 23 July 1991 vol 195 c1085

Lords amendment: No. 2, in page 3, line 7, leave out "In consideration of" and insert "Following".

Mr. McLoughlin

I beg to move, That this House doth agree with the Lords in the said amendment.

Mr. Deputy Speaker (Sir Paul Dean)

I must inform the House that the amendment involves privilege.

With this it will be convenient also to consider amendments Nos. 26, 27, 28 and 33.

Mr. McLoughlin

The aim of this group of amendments is to ensure that the Bill's provisions regarding the issue of securities by the successor company are compatible with a technical provision of an EC directive on company law, while at the same time maintaining the tax treatment of those securities.

Ms. Walley

Again, we have further proof that this legislation is not about improving transport or about establishing an integrated transport structure. Amendment No. 2 shows the need for the face of the Bill to be changed because of the Bill's fundamental incompatibility with company law and with an EC directive on company law. The provisions were not voted on in the other place and, at this stage, we do not wish to oppose the amendment.

Question put and agreed to. [Special Entry.]

Subsequent Lords amendments agreed to.

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