HL Deb 11 September 1972 vol 335 cc24-5

[References are to Bill 134as first printed for the Commons]

[No. 1]

Clause 11, page 7, line 4, at end insert—

"(c) after paragraph 6 there shall be inserted the following paragraph:—

'6A. In section 7, subsections (3) and (4) and the words"subsection (3) of "in subsection (5) shall be omitted '; "

LORD DRUMALBYN

My Lords, Amendment No. 1 remedies a defect in drafting. The Bill, as it stands, applies the provisions of Clause 7, which requires the registration of instruments altering floating charges, to Industrial and Provident Societies registered in Scotland. Floating charges created by such societies are registered with the Registrar of Friendly Societies and the Clause 7 registration requirement as to alterations of such charges should not be applied to them. The Amendment ensures that it is not. I beg to move that this House doth agree with the Commons in their Amendment No. 1.

Moved, That this House doth agree with the Commons in the said Amendment.—(Lord Drumalbyn.)

On Question, Motion agreed to.