HC Deb 03 March 1987 vol 111 cc554-5W
Mr. Squire

asked 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 Spicer

I have been asked to reply.

The 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.