The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Squire
asked the Secretary of State for Trade and Industry if he will consider modernising the system of registering maritime mortgages to enable a prospective mortgagee to record a notice of intent to make an advance secured by mortgage to be registered within the ensuing 14 days.
Mr. Michael Spicer
I have been asked to reply.
The Government recognise the need for a facility of this sort, but legislation will be needed to give it effect. I hope there will be a suitable opportunity in the next Session.