HL Deb 28 July 1949 vol 164 c662

Clause 13, page 12, line 31, leave out from ("not") to ("to") in line 35, and insert ("a proper transaction made in the ordinary course of business, regard being bad")

Clause 13, page 12, line 48, leave out from ("not") to third ("the") in line 4 on page 13, and insert ("a proper transaction made in the ordinary course of business, regard being had to the circumstances at the time")

Clause 13, page 12, page 13, leave out lines 6 to 13.

Clause 25, page 34, line 13, leave out from ("not") to end of line 17, and insert ("a proper transaction made in the ordinary course of business, regard being had to the circumstances at the time")

Clause 25, page 35, line 1, leave out from ("applies") to second ("the") in line 6.

The Commons disagreed to the above Amendments for the following Reason:

Because in certain cases the Amendments might prevent the publicly-owned companies and the Corporation from disclaiming improper contracts and recovering dissipated assets.