§
202 Schedule 3, page 121, leave out lines 1 to 4 and insert—
("3A. In section 106 (registration of charges on property in England of companies incorporated outside England) for the word "England", in the third place where it occurs, there shall he substituted the words "Great Britain".
§
3B. In both section 124 and section 125 the following subsection shall be substituted for subsection (3)—
(3) If a company fails to comply with this section, the company and every officer of the company who is
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in default shall be liable on summary conviction to a fine not exceeding the statutory maximum or on conviction after continued contravention to a default fine not exceeding one-tenth of the statutory maximum.
§ This paragraph shall not have effect in relation to any offence committed before the appointed day.").
§ Lord Mackay of ClashfernMy Lords, it gives me particular pleasure to bring forward the first paragraph of Amendment No. 202, since it removes an inconsistency between the laws of England and Scotland in relation to the registration of charges, and is the implementation of an undertaking which was given to my noble friend Lord Selkirk at the Committee stage in your Lordships' House. Paragraph 3B of the amendment provides for an increase in the maximum fine for failure to render an annual return to the registrar to the statutory maximum. I beg to move that this House doth agree with the Commons in their Amendment No. 202.
§ Moved, That this House doth agree with the Commons in the said amendment.—(Lord Mackay of Clashfern.)
§ On Question, Motion agreed to.