§ Sir R. Blairasked the President of the Board of Trade whether he will clarify, by legislative enactment, the law governing postponement of redemption covenants of a mortgage or debenture as examined in the varying recent decisions by the Chancery Division, the Court of Appeal and the House of Lords, in the Knightsbridge Estates Trust case, so as to render unnecessary other costly disputes about a mortgage being a debenture as ambiguously defined in Sections 74 and 380 of the Companies Act, 1929?
Major Lloyd GeorgeThis suggestion has been noted for consideration when the amendment of the Companies Act is under review, but my right hon. Friend can hold out no prospect of any such review in present circumstances.