Amendments proposed to the Transport Bill - continued House of Commons

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Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

316

Clause     47,     page     31,     line     9,     at beginning insert 'subject to subsection (2A) below,'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

308

Clause     47,     page     31,     line     9,     after 'securities', insert '(being securities of a class authorised under the articles of association of the transferee)'.

   

Mr Nick Raynsford

241

Clause     47,     page     31,     line     10,     leave out 'the Secretary of State may from time to time direct' and insert 'may be specified in directions given by the Secretary of State from time to time'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

317

Clause     47,     page     31,     line     10,     at end insert—

    '(2A) Prior to any issue of securities under subsection (2), the Secretary of State must—

      (a) publish the articles of association of the transferee which must contain provision for a special share to be held by the Secretary of State; and

      (b) make an order for the approval of the articles of association of the transferee which order shall be approved by resolution of both Houses of Parliament.'.

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

318

Clause     47,     page     31,     line     15,     leave out paragraph (c).

   

Mr Don Foster
Mr Michael Moore

94

Clause     47,     page     31,     line     16,     leave out paragraph (d).

   

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

95

Clause     47,     page     31,     line     17,     leave out paragraph (e).

   

Mr Don Foster
Mr Michael Moore

96

Clause     47,     page     31,     line     18,     leave out paragraph (f).

   

Mr Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

309

Clause     47,     page     31,     line     21,     after 'and', insert ', consistent with the provisions of the articles of association of the transferee,'.

   

Mr Nick Raynsford

242

Clause     47,     page     31,     line     21,     leave out 'the Secretary of State may direct' and insert 'may be specified in directions given by the Secretary of State'.

   

Mr Nick Raynsford

243

Clause     47,     page     31,     line     23,     leave out 'the Secretary of State may direct' and insert 'may be specified in a direction given by the Secretary of State'.


   

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 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 Bernard Jenkin
Mr Robert Syms
Mr Peter Atkinson

10

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


   

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

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 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

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'.

 
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Prepared 1 Feb 2000