Amendments proposed to the Transport Bill - continued House of Commons

back to previous text

   

Mr Don Foster
Mr Michael Moore
Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

97

Clause     48,     page     31,     line     33,     leave out paragraph (b).

   

Mr Don Foster
Mr Michael Moore

98

Clause     48,     page     31,     line     34,     leave out paragraph (c).

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

310

Clause     48,     page 31,     line     36,     after '(2)', insert 'The Secretary of State having presented to Parliament a statement as to the length of time which securities covered by this subsection will be held, and how any voting rights attaching to them will be exercised, and having received from both Houses of Parliament a resolution approving such statement.'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

311

Clause     48,     page     31,     line     41,     after 'without', insert 'the approval of a resolution of both Houses of Parliament and'.


   

Mr Don Foster
Mr Michael Moore
Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

99

Clause     49,     page     32,     line     3,     leave out paragraph (b).

   

Mr Don Foster
Mr Michael Moore

100

Clause     49,     page     32,     line     4,     leave out paragraph (c).

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

312

Clause     49,     page     32,     line     7,     after 'section', insert 'so soon as the draft articles of association of such proposed transferee have been approved and passed by resolution of both Houses of Parliament'.

   

Mr Nick Raynsford

363

*Clause     49,     page     32,     line     7,     at end insert—

    '(2A) The Secretary of State must ensure that the Crown does not dispose of any of the shares it holds in the designated company unless—

      (a) the Crown holds at least 49 per cent of the company's issued ordinary share capital immediately before the disposal, and

      (b) the Crown will continue to hold at least 49 per cent of that share capital immediately after the disposal.

    (2B) The Secretary of State must ensure that at any given time the Crown holds at least 25 per cent of the designated company's issued ordinary share capital.'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

319

Clause     49,     page     32,     line     9,     leave out 'any' and insert 'the'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

320

Clause     49,     page     32,     line     10,     at end insert 'referred to in section 47(2A).'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

321

Clause     49,     page     32,     line     11,     leave out 'A' and insert 'The'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

313

Clause     49,     page     32,     line     11,     leave out from second 'share' to end of line 13 and insert 'of a class which by virtue of the rights attaching to it under the articles of association of the company concerned can be held only by the Crown (within the meaning given it in this Chapter), of which there may be only one share in issue from time to time and which gives the holder of that share—

      (a) the right to prevent any alteration to those articles of association;

      (b) the right to prevent any winding up of the company concerned;

      (c) the right to prevent a transfer of other securities in the transferee on grounds of national security;

      (d) the right to prevent certain other events specified in the articles of association; and

      (e) the right to be converted, wholly or in part, into shares in the ordinary share capital of the transferee, such conversion to be conditional upon the making of an offer to the public of such ordinary shares and the acceptance of an application for admission to the Official List (within the meaning of Part IV of the Financial Services Act 1986).'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

9

Clause     49,     page     32,     line     16,     leave out from 'shareholder' to end of line 18.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

314

Clause     49,     page     32,     line     18,     at end insert—

    '(5A) The rights accorded to the Crown by the special share under this section shall not be subject to any limitation that may be imposed through the European Communities Act 1972 as amended.'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

322

Clause     49,     page     32,     line     19,     leave out subsection (6).

   

Mr Nick Raynsford

364

*Clause     49,     page     32,     line     22,     after 'subsection' insert '(2A), (2B) or'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

10

Clause     49,     page     32,     line     24,     leave out subsection (7).

   

Mr Nick Raynsford

365

*Clause     49,     page     32,     line     24,     after 'subsection' insert '(2A), (2B) or'.


   

Mr Don Foster
Mr Michael Moore
Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

101

Clause     50,     page     32,     line     35,     leave out paragraph (b).

   

Mr Don Foster
Mr Michael Moore

102

Clause     50,     page     32,     line     36,     leave out paragraph (c).

   

Mr Nick Raynsford

244

Clause     50,     page     32,     line     40,     leave out 'directs' and insert 'may specify in a direction given'.

   

Mr Nick Raynsford

245

Clause     50,     page     32,     line     42,     leave out 'he so directs' and insert 'may be specified in such a direction'.

   

Mr Nick Raynsford

359

*Clause     50,     page     32,     line     42,     at end insert—

    '(4A) The Secretary of State must exercise his powers under this section so as to ensure that the aggregate of the amounts outstanding in respect of the principal of loans made under this section does not at any time exceed £1,000 million.'.

   

Mr Nick Raynsford

246

Clause     50,     page     32,     line     44,     leave out 'the Treasury may direct' and insert 'may be specified in a direction given by the Treasury'.


   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

315

Clause     51,     page     33,     line     9,     after 'liabilities', insert ', including the pension rights of employees whose employment may be subject to transfer under sections 40-47,'.

   

Mr Don Foster
Mr Michael Moore
Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

103

Clause     51,     page     33,     line     17,     leave out paragraph (b).

   

Mr Don Foster
Mr Michael Moore

104

Clause     51,     page     33,     line     18,     leave out paragraph (c).

   

Mr Nick Raynsford

360

*Clause     51,     page     33,     line     30,     at end insert—

    '(8A) The Treasury and the Secretary of State must exercise their powers under this section so as to ensure that the aggregate of the amounts of principal in relation to which guarantees are given under this section does not at any time exceed £500 million.'.

   

Mr Nick Raynsford

361

*Clause     51,     page     33,     line     36,     at end insert—

    '(11) If a payment is not made as required by arrangements under subsection (8), as soon as practicable after the default occurs the Treasury or the Secretary of State (depending on who made the arrangements) must lay a statement of the default before each House of Parliament.'.


   

Mr Don Foster
Mr Michael Moore
Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

105

Clause     52,     page     34,     line     3,     leave out paragraph (b).

   

Mr Don Foster
Mr Michael Moore

106

Clause     52,     page     34,     line     4,     leave out paragraph (c).


   

Mr Nick Raynsford

362

*Clause     55,     page     36,     line     25,     leave out 'interest as well as liability for principal' and insert 'principal only'.


   

Mr Nick Raynsford

251

Clause     59,     page     38,     line     19,     leave out 'corresponding right in Scotland' and insert 'in Scotland the right of the fiar on the termination of a liferent'.

   

Mr Nick Raynsford

326

Clause     59,     page     38,     line     28,     leave out 'by virtue of' and insert 'under'.


   

Mr Nick Raynsford

247

Clause     60,     page     39,     line     43,     leave out from 'as' to end of line 44 and insert 'may be specified in directions given by the Treasury or the Secretary of State'.


   

Mr Nick Raynsford

249

Schedule     6,     page     156,     leave out line 34 and insert 'at such times as the transferee may specify in directions given to the transferor'.

 
previous section contents continue
 

©Parliamentary copyright 2000
Prepared 1 Feb 2000