§ Mr. Squireasked the Secretary of State for Trade and Industry if he will consider modernising the system of registering maritime mortgages to enable a prospective mortgagee to record a notice of intent to make an advance secured by mortgage to be registered within the ensuing 14 days.
§ Mr. Michael SpicerI have been asked to reply.
555WThe Government recognise the need for a facility of this sort, but legislation will be needed to give it effect. I hope there will be a suitable opportunity in the next Session.