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Powers Of Secretary Of State

Volume 131: debated on Wednesday 13 April 1988

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

Amendments made: No. 24, in page 2, line 14, leave out from 'State' to first 'the' in line 16 and insert

`may by regulations made by statutory instrument with the consent of the Treasury make provision— (a) for guaranteeing'.

No. 25, in line 22, leave out 'to indemnify' and insert 'for indemnifying'.

No. 26, in line 26, at end insert—

'(3) A statutory instrument containing regulations under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.'.

No. 27, in line 26, at end insert—

'(4) Any power conferred on the Secretary of State by the articles of association of the successor company shall be exercisable in the national interest notwithstanding any rule of law and the provisions of any enactment.'.—[Mr. Newton.]