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Corporation's Powers Pending Dissolution

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. 28, in page 2, line 30, leave out paragraph (a) and insert—

'(a) for valuable consideration to assign the benefit of a contract for a loan or to extinguish, or vary, by agreement an obligation under a contract for a loan;'

No. 29, in line 46, leave out from 'may' to end of line 47 and insert

'by direction—
(a) prohibit the making by the Corporation after a date specified in the direction of offers to lend money;
(b) prohibit the making of loans by the Corporation after a date so specified; and
(c) make any prohibition contained in a direction under this subsection subject to such exceptions as may be specified in it.'.—[Mr. Newton.]