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343

 

SUPPLEMENT TO THE VOTES AND PROCEEDINGS

 
 

Wednesday 15 December 2010

 

Committee of the whole House

 

Proceedings

 

Loans to Ireland Bill


 

Mr William Cash

 

Mr Philip Hollobone

 

Mr Peter Bone

 

Mr Christopher Chope

 

Withdrawn  3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

 

Not called  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

 

Not selected  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

 

Not called  4

 

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


 
 

Committee of the whole House Proceedings: 15 December 2010  

344

 

Loans to Ireland Bill, continued

 
 

Mr Douglas Carswell

 

Mr Bernard Jenkin

 

Mark Reckless

 

Priti Patel

 

Mr James Clappison

 

Mr William Cash

 

Negatived on division  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

 

Not called  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

 

Not called  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.’.

 

Clause Agreed to.

 


 

Mr Chancellor of the Exchequer

 

Agreed to  (a)

 

Clause  2,  page  2,  line  16,  at end insert—

 

‘(d)    

the remaining term of each Irish loan which is outstanding at the end of

 

that period, and

 

(e)    

the original term of each Irish loan in respect of which a payment was

 

made by Treasury by way of an Irish loan in that period.’.

 

Alan Johnson

 

Chris Leslie

 

Mr David Hanson

 

Kerry McCarthy

 

Not called  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.’.


 
 

Committee of the whole House Proceedings: 15 December 2010  

345

 

Loans to Ireland Bill, continued

 
 

Mr William Cash

 

Mr Philip Hollobone

 

Mr Peter Bone

 

Mr Christopher Chope

 

Not called  5

 

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

 

Alan Johnson

 

Chris Leslie

 

Mr David Hanson

 

Kerry McCarthy

 

Not called  2

 

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

 

Clause, as amended, Agreed to.

 

Clause 3 Agreed to.

 

Bill, as amended, to be reported.

 


 
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