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Volume 98: debated on Wednesday 4 June 1986

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 237, in page 135, line 36, at end insert

`and references to class 1 or class 2 advances are to be construed in accordance with sections 11 and 12;'.

No. 238, in page 136, leave out lines 20 to 24.

No. 239, in page 136, line 44, at end insert—

"`deposit" includes loan, and cognate expressions shall be construed accordingly;'.

No. 240, in page 137, line 26, at end insert—

'"mobile home loan" means a loan under section (Loans for mobile homes);'.

No. 241, in page 137, line 32, at end insert

`and "notice to" a person means notice given to that person, and "notify" shall be construed accordingly;'.

No. 242, in page 137, line 39, at end insert—

"`officially notified", in relation to the appointment or address of a director or the chief executive of a building society, means respectively notifed to, and the last address notified to, the central office under section 55(13) or 53(5), as the case may be;'.

No. 243, in page 137, line 47, leave out 'section 14(10) (a)' and insert

`section (Qualifying asset holding for certain powers)'.

No. 244, in page 138, line 2, leave out '32(4)' and insert '13'.

No. 245, in page 138, line 10, at end insert—

'"special resolution" has the meaning given by paragraph 26 of Schedule 2 to this act;'.

No. 246, in page 138, leave out line 16 and insert

`means the aggregate of its class 1 assets, its class 2 assets and its class 3 assets;'.

No. 247, in page 138, line 21, at end insert—

'(2A) The value in sterling, of any transaction effected by or with a building society in another currency shall be determined for any purpose of this Act in accordance with directions given by the Commission under this subsection.'. — [Mt. Ian Stewart.]