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Proceeding contribution from Lord Davies of Oldham (Labour) in the House of Lords on Wednesday, 19 November 2008. It occurred during Debate on bill on Dormant Bank and Building Society Accounts Bill [HL].


Dormant Bank and Building Society Accounts Bill [HL]

My Lords, I am grateful for the graciousness that both noble Lords have displayed. I am more grateful to the noble Baroness, Lady Noakes, because she did not produce quite the quibble that the noble Lord, Lord Newby, had. The noble Lord said how extraordinary it was for a non-public body to raise money, but let me be absolutely clear that this organisation is not raising any money. Transferred to it will be dormant accounts which, I insist again, belong to the owners of those accounts if they succeed in establishing title at some later stage. The noble Lord will not get away with raising the spectre of the Government being fertile in how to pass the crucial role of Parliament with regard to raising resources for public purposes. On Question, Motion agreed to. 8: Page 7, line 3, at end insert ““in all circumstances”” "9: Page 7, line 4, leave out subsection (3)"


Secondary information

Type
Proceeding contribution
Reference
705 c1176 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Death Assets Bank services Banks Building societies Finance Insurance companies Financial institutions Mergers Small businesses Youth services Big Lottery Fund
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk