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Commons Bill [HL]

I shall continue to address the question of raising money by a commons association. I shall speak particularly to my Amendment No. 176, which is in this group. I was a little surprised by my noble friend’s remark that raising money would involve small amounts. I do not know what a ““small amount”” is but dealing with bracken can involve large amounts. You then get on to the problem of whether an association can borrow money; what sort of security it can give, if any; and what is the liability of the members of the association if it defaults on a loan, which may be set up without all members agreeing. My noble friend said that there was no liability but, if I am the banker, who would I look to if there was a default on the loan?