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Session 1998-99 Publications on the internet Other Bills before Parliament Amendments to the Commonwealth Development Corporation Bill |
Commonwealth Development Corporation Bill - Amendments to be debated in the House of Lords Here you can browse the Marshalled List of Amendments to the Commonwealth Development Corporation Bill to be moved in Grand Committee in the House of Lords. |
Clause 1 | |||
BY THE LORD REDESDALE | |||
1 | Page 1, line 6, after ("day") insert ("not later than four years after the day on which this Act is passed") | ||
Before Clause 16 | |||
BY THE BARONESS RAWLINGS | |||
2 | Insert the following new Clause-- | ||
(" . No securities in the Corporation shall be issued until the Secretary of State has commissioned from a leading firm of consultants a comprehensive review of the Corporation's overheads, working practices and main office records of efficiency measures to maximise private sector investment potential.") | Review of Corporation's overheads, etc. | ||
Clause 16 | |||
BY THE BARONESS RAWLINGS | |||
3 |
Page 8, line 6, at end insert-- ("(7) No securities shall be issued to any third parties unless--
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Clause 17 | |||
BY THE BARONESS RAWLINGS | |||
4 |
Page 8, line 11, at end insert-- ("\( ) The Secretary of State shall seek to attract private sector investment in the Corporation by the issuing of securities at market value not less than two years after the day on which this Act is passed.") | ||
5 |
Page 8, line 13, at end insert-- ("(3) No securities in the Corporation shall be issued until a memorandum setting out how the proceeds of any such issue shall be treated by the Treasury has been laid before Parliament and a motion to approve it has been agreed to by resolution of each House.") | ||
Clause 18 | |||
BY THE BARONESS RAWLINGS | |||
6 | Page 8, line 15, leave out ("25") and insert ("5") | ||
After Clause 26 | |||
BY THE LORD REDESDALE | |||
7 | Insert the following new Clause-- | ||
(" . This Act, other than this section and section 27, shall not come into force until the Secretary of State has--
| |||
BY THE BARONESS RAWLINGS | |||
8 | Insert the following new Clause-- | ||
(" . This Act shall not come into force until the investment policy of the Corporation has been approved by resolution of each House of Parliament.") | Commencement (No. 2). | ||
Clause 27 | |||
BY THE BARONESS RAWLINGS | |||
9 |
Page 11, line 23, at end insert-- ("(3) This Act shall not come into force until the Secretary of State has laid before both Houses of Parliament a statement that either--
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© Parliamentary copyright 1999 | Prepared 12 January 1999 |