---

Investment Exchanges and Clearing Houses Bill

I am very grateful to the Minister for his explanation. It does not seem to me, however,to dispose of the problem. I fear that there is, at the end of these arguments, inevitably a conflict of jurisdictions and I fear that this may be one of the consequences of the Bill. But I have listened carefully to what he has said and I will have the opportunity of reading it afterwards. As no other Lords have spoken, I do not propose to press this matter at this stage. But I think that we may have to come back to these issues, because they will not go away. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. Clause 2 agreed to. Remaining clauses agreed to. House resumed: Bill reported without amendment; Report received.