§ Clause 47, page 36, line 23, leave out ("that") and insert ("a")
Clause 47, page 36, line 35, at end insert—
("Provided that a person who is an auditor of a building society at the commencement of this Act shall, notwithstanding that he is not at the time a member of any of the said bodies, be qualified for appointment or re-appointment as an auditor of that building society at any annual general meeting of the building society if he is at the time of the said meeting authorised under paragraph (b) of subsection (1) of the said section one hundred and sixty-one to be appointed as auditor of a company.")
§ Clause 47, page 36, line 38, leave out ("that") and insert ("a")
§ Clause 47, page 36, line 40, after second ("if") insert (",or who employs")
§ Clause 50, page 38, line 10, at end insert ("made to the Chief Registrar")885
§ Clause 52, page 39, line 21, leave out ("fourteen days") and insert ("one month")
§ Clause 53, page 39, line 38, leave out ("shares")
Clause 53, page 39, line 39, at end insert—
("shares the nominal value of which exceeded two and a half per cent. of the total paid up share capital of the company or other body corporate, or
(d) to a company or other body corporate of which, when the advance was made, or at any later time in the said financial year, a director or the manager or secretary of the building society was a director, general manager, secretary or other similar officer.")
§ Page 40, line 1, after ("his") insert ("employment by or other")
§ VISCOUNT HAILSHAM
My Lords, may I take Nos. 41 to 49 next? With the exception of No. 42, they are all minor and consequential Amendments. No. 42 again deals with a matter which was discussed in this House. It enables a present auditor of a building society not professionally qualified to continue to serve if he is authorised by the Board of Trade. I beg to move that this House doth agree with the Commons in the said Amendments.
§ Moved, That this House doth agree with the Commons in the said Amendments.—(Viscount Hailsham.)
§ On Question, Motion agreed to.