§ '.—(1) Any property, rights or liabilities shall only be transferred under a transfer scheme to a not for profit company.
§ (2) The transfer of property, rights or liabilities under a transfer scheme may be by such means, including sale or lease, and on such terms as the Secretary of State, with the approval of the Treasury, may determine.
§ (3) A transfer scheme shall not come into force unless a draft of the scheme has been laid before and approved by resolution of each House of Parliament.
§ (4) A not for profit company to which any property, rights or liabilities have been transferred under a transfer scheme shall not—
- (a) issue any shares or share rights; or
- (b) pay any dividend or profits to its members.
§ (5) For purposes of this Part, "not for profit company" means a company—
- (a) which has been formed and registered as a company limited by guarantee under the Companies Act 1985 or the Companies (Northern Ireland) Order 1986; and
- (b) the membership of which, in the opinion of the Secretary of State includes those who are representative of providers, employees and users of aviation, air travel, air navigation and related services.'.—[Dr. Strang.]
§ Brought up, and read the First time.
§ Motion made, and Question put, That the clause be read a Second time:—
§ The House divided: Ayes 248, Noes 308.
| Division No. 185] | [7.55 pm |
| AYES | |
| Ainsworth, Peter (E Surrey) | Bruce, Malcolm (Gordon) |
| Allan, Richard | Burnett, John |
| Amess, David | Burns, Simon |
| Ancram, Rt Hon Michael | Burstow, Paul |
| Arbuthnot, Rt Hon James | Butterfill, John |
| Ashdown, Rt Hon Paddy | Cable, Dr Vincent |
| Atkinson, David (Bour'mth E) | Campbell, Rt Hon Menzies (NE Fife) |
| Atkinson, Peter (Hexham) | |
| Baker, Norman | Cash, William |
| Baldry, Tony | Chapman, Sir Sydney (Chipping Barnet) |
| Ballard, Jackie | |
| Barnes, Harry | Chaytor, David |
| Beggs, Roy | Chidgey, David |
| Bell, Martin (Tatton) | Chope, Christopher |
| Benn, Rt Hon Tony (Chesterfield) | Clapham, Michael |
| Bennett, Andrew F | Clappison, James |
| Bercow, John | Clark, Dr Michael (Rayleigh) |
| Beresford, Sir Paul | Clarke, Rt Hon Kenneth (Rushcliffe) |
| Blunt, Crispin | |
| Body, Sir Richard | Clifton-Brown, Geoffrey |
| Boswell, Tim | Clwyd, Ann |
| Bottomley, Peter (Worthing W) | Collins, Tim |
| Bottomley, Rt Hon Mrs Virginia | Connarty, Michael |
| Brady, Graham | Corbyn, Jeremy |
| Brake, Tom | Cormack, Sir Patrick |
| Brand, Dr Peter | Cotter, Brian |
| Brazier, Julian | Cran, James |
| Breed, Colin | Cryer, Mrs Ann (Keighley) |
| Brooke, Rt Hon Peter | Cryer, John (Hornchurch) |
| Browning, Mrs Angela | Curry, Rt Hon David |
| Bruce, Ian (S Dorset) | Dalyell, Tam |
§ Question accordingly negatived.