1283

House of Commons

Wednesday 15 December 2010

Committee of the whole House

New Amendments handed in are marked thus

Loans to Ireland Bill

---

Mr William Cash

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

3

Clause  1,  page  1,  line  4,  at end insert ‘other than a loan by virtue of any provision

by or under the European Communities Act 1972’.

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

7

Clause  1,  page  1,  line  7,  at end insert—

‘(3A)

Any loans made under this Act, and any repayment of principal or payment of

interest received thereunder, shall be denominated in sterling.’.

Mark Durkan

9

Clause  1,  page  1,  line  7,  at end insert—

‘(3A)

No part of any loan under this Act may be paid to a bank which has paid any

director or member of staff a bonus of more than €1,000 in any period of 12

months after 9 December 2010.’.

Mr William Cash

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

Mr Bernard Jenkin

4

Clause  1,  page  1,  leave out lines 8 to 18.

Committee of the whole House: 15 December 2010

1284

Loans to Ireland Bill, continued

Mr Douglas Carswell

Mr Bernard Jenkin

Mark Reckless

Priti Patel

Mr James Clappison

Mr William Cash

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

6

Clause  1,  page  1,  line  18,  at end insert—

‘(7A)

Before determining the interest to be charged on any payments under this Act, the

Treasury must specify the rate of interest by order; and the Treasury may not

make such an order unless—

(a)	the House of Commons has determined by resolution the rate of interest

to be charged; and

(b)	the order provides for that specified rate to be charged.’.

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

8

Clause  1,  page  1,  line  20,  at end insert—

‘(8A)

All loans made under this Act shall be repaid by 8 December 2040.’.

Mr Bernard Jenkin

Mr William Cash

Priti Patel

10

Clause  1,  page  1,  line  20,  at end insert—

‘(8A)

Before any loan or binding offer of a loan is made, or guarantee given, under this

section, the relevant agreement must be laid before, and approved by a resolution

of, the House of Commons.’.

Alan Johnson

Chris Leslie

Mr David Hanson

Kerry McCarthy

1

Clause  2,  page  2,  line  16,  at end insert ‘, and

(d)	the original term for any Irish loan and remaining terms for any

outstanding Irish loans.’.

Mr William Cash

Mr Philip Hollobone

Mr Peter Bone

Mr Christopher Chope

5

Clause  2,  page  2,  leave out lines 17 to 26.

Committee of the whole House: 15 December 2010

1285

Loans to Ireland Bill, continued

Alan Johnson

Chris Leslie

Mr David Hanson

Kerry McCarthy

2

Clause  2,  page  2,  leave out lines 18 and 19.

---

Revised 15 December 2010