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Thursday, 18 October 1973
Page: 2335


The CHAIRMAN (Mr Scholes - The question is: 'That clause 3 as amended, the remainder of the Bill and the amendments circulated by the Government be agreed to and that the Bill be repored with amendments'.

Government amendments -

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(3) Clause 9, page 4, line 20, before " Register ", insert " appropriate ".

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(4) Clause 9, page 4, line 31, before " Register ", insert " appropriate ".

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(5) Clause 9, page 4, line 35, before " Register ", insert " appropriate ".

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(6) Clause 9, page 4, at the end of the clause, add the following sub-clauses: - " (7) For the purpose of enabling the Corporation to make payments to the holders of investment bonds in accordance with the terms and conditions on which those bonds were issued, the Corporation may refuse to make any entries in a Register for such period, not exceeding fourteen days, as the Corporation determines. " (8) The Corporation or a person appointed by the Corporation as its agent may mark an assignment of an investment bond that has been properly executed by the assignor in such a way as to indicate that investment bonds are held against the assignment for a specified amount for a specified period and, where an assignment is so marked, the Corporation may refuse to give effect to any dealing in investment bonds to which the assignment relates during that period except in pursuance of the marked assignment.".

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(7) Clause 11, page 4, line 42, omit " the ", substitute " a ".

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(8) Clause 15, page 5, line 12, omit " the " (first occurring), substitute " a ".

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(9) Clause 16, page 6, after sub-clause (7), insert the following sub-clause: - " (7a) In the administration of any superannuation or retirement scheme, or savings scheme, referred to in sub-section (3), the Corporation shall not have any regard to any trust, whether express, implied or constructive.".

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