§ 197 Schedule 1, page 116, line 44, at end insert—
§ ("Wholly owned subsidiaries
§ 91A. In this Schedule, "wholly owned subsidiary" has the same meaning as it has for the purposes of section 150 of this Act.").
§ Lord LyellMy Lords, this amendment seeks to clarify the position. It provides that the definition of "wholly-owned subsidiary" has the same meaning as it has for the purposes of Section 150 of the master Act, the Companies Act. I beg to move that this House doth agree with the Commons in their Amendment No. 197.
§ Moved, That this House doth agree with the Commons in the said amendment.—(Lord Lyell.)
§ On Question, Motion agreed to.