§ Report of Amendments received (according to Order).
§ Clause 21 [Amendment of Prevention of Fraud (Investments) Act, 1958]:
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THE MINISTER OF STATE, BOARD OF TRADE (LORD DERWENT) moved to add to the clause:
( ) In the proviso to subsection (3) of section 14 of the said Act of 1958, for the words from 'any arrangements' to the end there shall be substituted the words 'any such arrangements as are mentioned in paragraph (b) of subsection (1) of the last preceding section'.
§ The noble Lord said: My Lords, the need for this Amendment arises from an oversight. Clause 21 makes two amendments to the Prevention of Fraud (Investments) Act, 1958. The second of 83 these amendments consists of substituting a new paragraph for the existing paragraph (b) in subsection (1) of Section 13. The words of the existing paragraph are repeated in the second half of the proviso to subsection (3) of Section 14 and therefore should have been replaced there by the new version of paragraph (b) of Section 13(1). The amendment, which is purely consequential on the second amendment made by Clause 21, achieves this by making the second part of the proviso refer back to paragraph (b) of Section 13(1). I hope that I have made myself clear. I beg to move.
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Amendment moved—
Page 17, line 27, at end insert the said subsection.—(Lord Derwent.)
§ On Question, Amendment agreed to.