§ Mr. Porterasked the Secretary of State for Trade and Industry if he will introduce legislation to offer statutory protection, similar to that afforded by the Hire Purchase Act 1964, to members of the public who purchase, in good faith, vehicles which are subject to leasing arrangements; and if he will make a statement.
§ Mr. HowardI have no plans to introduce legislation on these lines. However, the study by Professor Diamond of the law of security over movable property, which I announced in December, will look at all types of security interests in movable property, including those arising from leasing.