HL Deb 27 October 1981 vol 424 c1051

201 Schedule 2, page 120, line 1, leave out ("41, 42, 43") and insert ("41(1)(a), 42, 43(a)(i), (aa) and (b)").

Lord Lyell

My Lords, with the leave of your Lordships' House, I should like to move Amendment No. 201 and to speak also to Amendments Nos. 217, 218, 219, 221, 236, 237 and 238. My noble friend the Minister advises me that I should be speaking to Amendment No. 220 as well. My Lords, all these technical amendments relate to Section 39(4) of the Companies Act 1980, which provides that all provisions are to be treated as realised losses other than provisions in respect of diminutions in value of a fixed asset arising on a revaluation of all the fixed assets. They are technical amendments, and they all fall into line after Amendment No. 201. I beg to move that this House doth agree with the Commons in their Amendment No. 201.

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

On Question, Motion agreed to.