HL Deb 30 October 1975 vol 365 c684

[Nos. 17 to 23]

Clause 5, page 4, line 34, leave out ("may") and insert ("shall")

Page 4, line 41, at end insert ("but nothing in a subsequent direction shall relieve the Agency of a contractual liability to which they are subject in consequence of an earlier direction.")

Page 4, line 41, at end insert— ("(6A) As soon as practicable after the Secretary of State has given a direction under this section he shall lay before each House of Parliament a statement specifying—

  1. (a) the amount of assistance that the Agency are to give in pursuance of the direction;
  2. (b) how and to whom they are to give it; and
  3. (c) the location in which each undertaking for which it is provided is or will be situated.")

Page 4, line 42, leave out ("set out any direction") and insert ("specify any direction that has been")

Page 4, line 43, at end insert ("and give the information concerning it that is required to be specified in a statement under subsection (6A) above.")

Page 4, line 43, at end insert— ("(7A) In any case where the Agency are exercising the Secretary of State's powers in pursuance of a direction under this section, section 7(4) of the Industry Act 1972 (which requires the consent of a company to the acquisition of its shares or stock) shall be construed, notwithstanding the fact that the direction has been given, as requiring the Secretary of State (and not the Agency) to obtain the consent.")

Page 5, line 4, after ("of") insert ("and incidental to")


My Lords, I beg to move that this House doth agree with the Commons in their Amendments Nos. 17 to 23.

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

On Question, Motion agreed to.