§ [No. 59.]
§ Page 35, line 3, at end insert—
§ ("In section 38(5)(b) of the Act of 1948 for the words "dealt in or quoted" there shall be substituted the word "listed".
850§ In section 39(1)(b) of the Act of 1948 for the words "dealt in or quoted" there shall be substituted the word "listed".
§ In section 51(1) of the Act of 1948 for the words "dealt in" there shall be substituted the word "listed".
§ In section 52(1) of the Act of 1948 at the end of paragraph (a]there shall be inserted the words "whether on account of the nominal value of the share or by way of premium".")
§ Lord WINTERB0TTOMMy Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 59. I should like to speak also to Amendments Nos. 61, 66, 68 and 69. Almost all these Amendments are consequential on earlier Amendments. The only exceptions are the first part of Amendment No. 59 and Amendments Nos. 61, 66, 68 and 69. This group of Amendments brings the terminology of the Companies Acts up to date by substituting the expression "listing" for quotation"or "dealt in" in relation to securities listed on the Stock Exchange. The Amendments to Schedule 2 fall into 2 groups. The majority are consequential on earlier Amendments to the Bill. The remainder bring the terminology of the Companies Acts up to date by substituting the expression "listing" for the outmoded terms "quotation" or "dealt in" in relation to securities listed on the Stock Exchange. This is not only drafting but semantics. I beg to move.
§ Moved, That this House doth agree with the Commons in the said Amendment.—(Lord Winterbottom.)