HC Deb 02 July 1996 vol 280 cc856-7

Amendments made: No. 93, in page 70, line 26, after `power' insert— '(a)".

No. 94, in page 70, line 28, after 'form' insert `in any part of the United Kingdom'.

No. 95, in page 70, line 29, at end insert `and (b) to establish qualifying companies, to purchase or otherwise acquire shares, stocks or other securities of qualifying companies and to assist any qualifying company. (6) In subsection (5)(b) "qualifying company" means any company (whether incorporated under the law of the United Kingdom or of any other country) which is or will be wholly or mainly engaged in one or more of the following activities

  1. (a) the provision of one or more services which are licensed by the Commission or by the Radio Authority or which, if provided in the United Kingdom, would be required to be so licensed,
  2. (b) activities incidental to such provision, and
  3. (c) the holding of shares in any other company which is wholly or mainly engaged in such provision or in activities incidental to such provision."
(1A) In paragraph 1 of Schedule 3 to the 1990 Act (status and capacity of Channel Four Television Corporation) after subparagraph (3) there is inserted— (4) Section 24(5)(b) of this Act shall not be taken to limit the Corporation's power by virtue of subp-paragraph (3) to do such things and enter into such transactions as are incidental or conducive to the discharge of their functions under section 24(1) or (5)(a)." '

No. 96, in page 70, leave out lines 37 to 43 and insert— `(b) to establish qualifying companies, to purchase or otherwise acquire shares, stocks or other securities of qualifying companies and to assist any qualifying company. (1B) In subsection (1A)(b) "qualifying company" means any company (whether incorporated under the law of the United Kingdom or of any other country) which is or will be wholly or mainly engaged in one or more of the following activities—

  1. (a) the provision of one or more services which are licensed by the Commission or by the Radio Authority or which, if provided in the United Kingdom, would be required to be so licensed,
  2. (b) activities incidental to such provision, and
  3. (c) the holding of shares in any other company which is wholly or mainly engaged in such provision or in activities incidental to such provision." ' —[Mr. Wood.]

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