HL Deb 23 July 1973 vol 344 cc1603-4

[No. 64]

Schedule 3, page 43, line 29. at end insert— 10. In section (Restrictions on transactions with connected persons) (7), in the definitions of 'company' and 'equity share capital' for '154(5)' there shall be substituted '148(5)' and in those definitions and the definition of 'share' for '1948' there shall be substituted '(Northern Ireland) 1969 ".


My Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 64. There are a number of Amendments to Schedule 3. I would propose that we take en bloc those up to and including No. 70. We have a small Amendment to make to the Commons Amendment No. 71. The explanation which I shall give will apply equally to all the other Amendments which follow. As your Lordships may recall, Clause 46, which is now Clause 56, applies the provisions of the Bill to Northern Ireland. At present there is separate provision in the Insurance Companies Act (Northern Ireland) 1968. Schedule 3 makes the necessary Amendments to apply the provisions of this Bill to Northern Ireland by substituting the appropriate Northern Ireland references. These Amendments now before your Lordships, which may be conveniently taken in the way I suggest, reflect the changes necessary as the result of the Amendments to clauses which we have been considering.

Moved, That this House doth agree with the Commons in the said Amendment.—(The Earl of Limerick.)