| Amendments proposed to the Transport Bill, As Amended - continued | House of Commons |
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Mrs Gwyneth Dunwoody 422 Page 27, line 40, [Clause 42], leave out 'or transferee (other than the Secretary of State)'.
Dr Gavin Strang 441 Page 27, line 42 [Clause 42], leave out 'to approve and modify'.
Mr Secretary Prescott 10 Page 28, line 3 [Clause 42], at end insert—'(8) In this section "modify" includes add to, omit from and otherwise alter.'.
Dr Gavin Strang 453 Page 28, line 12 [Clause 43], at beginning insert 'Subject to section [Parliamentary approval of transfer schemes],'.
Dr Gavin Strang 442 Page 28, line 12 [Clause 43], after 'section', insert 'shall not come into force unless a draft of the scheme has been laid before and approved by resolution of each House of Parliament in accordance with section [Transfer to be to not for profit company] but, subject to that requirement,'.
Mr Secretary Prescott 94 Page 29, line 25 [Clause 45], leave out from 'scheme' to end of line 34 and insert '—
Mrs Gwyneth Dunwoody 423 Page 29, line 25, [Clause 45], leave out from 'scheme' to end of line 34.
Mr Secretary Prescott 96 Page 30, line 7 [Clause 45], at end insert—'(5A) If no value or amount appeared as mentioned in subsection (4) in the case of an asset or liability, the value or amount which may be stated by virtue of subsection (3) is the value or amount which the maker of the transfer scheme considers appropriate.'.
Mr Secretary Prescott 97 Page 30, line 8 [Clause 45], leave out 'from time to time in any reserves' and insert 'in the opening accounts'.
Mr Secretary Prescott 98 Page 30, line 14 [Clause 45], leave out 'from time to time'.
Mr Secretary Prescott 99 Page 30, line 15 [Clause 45], leave out 'and any subsequent accounts'.
Mrs Gwyneth Dunwoody 424 Page 30, [Clause 46] leave out lines 25 to 27.
Mr Secretary Prescott 95 Page 30, line 35 [Clause 46], leave out 'wholly owned by the CAA'.
Mrs Gwyneth Dunwoody 425 Page 31, line 1, leave out Clauses 47 to 49.
Mr Secretary Prescott 86 Page 31, line 4 [Clause 47], after 'is' insert 'a company falling within subsection (2B).(2) The Secretary of State may give a direction under this section to the transferee if when the direction is given it is a company falling within subsection (2B). (2A) A direction under this section is one requiring the transferee—
(2B) A company falls within this subsection if it is'.
Mr Secretary Prescott 81 Page 31, line 9 [Clause 47], leave out subsection (2).
Mr Secretary Prescott 82 Page 31, line 21 [Clause 47], leave out subsection (4).
Mr Secretary Prescott 27 Page 31, line 39 [Clause 48], leave out from 'may' to end of line 41 and insert '—
Mr Secretary Prescott 28 Page 31, line 42 [Clause 48], leave out 'rights' and insert 'options'.
Mr Bernard Jenkin Mr Robert Syms
Mr Peter Atkinson 385 Page 32, line 1 [Clause 49], at beginning insert—'Notwithstanding anything in the European Communities Act 1972 as subsequently amended,'.
Ms Sandra Osborne 454 Page 32, line 9 [Clause 49], 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 he is satisfied that a scheme is in place to ensure the completion of any project which—
Mr Bernard Jenkin 397 Page 32, line 16 [Clause 49], leave out subsection (4).
Mr Bernard Jenkin 389 Page 32, line 21 [Clause 49], 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.'.
Ms Sandra Osborne 455 Page 32, line 33 [Clause 49], after 'subsection', insert '(2A),'.
Ms Sandra Osborne 456 Page 32, line 35 [Clause 49], after 'subsection', insert '(2A),'.
Mr Bernard Jenkin 396 Page 32, line 37 [Clause 49], leave out subsection (9).
Mrs Gwyneth Dunwoody 426 Page 32, line 39 [Clause 50], leave out subsections (1) to (3) and insert—'(1) The Secretary of State, with the approval of the Treasury, may make loans of such amounts as he thinks fit to a company which is wholly owned by the Crown and to which any property rights or liabilities are transferred under a transfer scheme.'
Dr Gavin Strang 444 Page 32, line 39 [Clause 50], leave out subsections (1) to (3) and insert—'(1) The Secretary of State, with the approval of the Treasury, may make loans of such amounts as he thinks fit to a not for profit company to which any property rights or liabilities are transferred under a transfer scheme.'.
Mrs Gwyneth Dunwoody 427 Page 33, line 29 [Clause 51], leave out subsections (1) to (3) and insert—'(1) The Secretary of State or the Treasury, may guarantee the discharge of any financial obligation of a company (the transferee) which is wholly owned by the Crown and to which any property rights are transferred under a transfer scheme.'.
Dr Gavin Strang 445 Page 33, line 29 [Clause 51], leave out subsections (1) to (3) and insert—'(1) The Secretary of State or the Treasury may guarantee the discharge of any financial obligation of a not for profit company to which any property rights or liabilities are transferred under a transfer scheme.'.
Mr Secretary Prescott 100 Page 33, line 40 [Clause 51], leave out subsection (4) and insert—'(4) In the case of a financial obligation incurred before the giving of a guarantee, it is immaterial when the obligation was incurred.'.
Mrs Gwyneth Dunwoody 428 Page 33, line 43 [Clause 51], leave out subsections (6).
Mrs Gwyneth Dunwoody 429 Page 34, line 21 [Clause 52], leave out subsections (1) to (3) and insert—'(1) The Secretary of State, with the approval of the Treasury, may make grants towards the expenditure of a company which is wholly owned by the Crown and to which any property rights or liabilities are transferred under a transfer scheme.'.
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| ©Parliamentary copyright 2000 | Prepared 9 May 2000 |