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Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Wednesday, 14 January 2009. It occurred during Committee of the Whole House (HL) and Debate on bill on Banking Bill.

Banking Bill

I think that I am right in saying that the title of a clause has no legal significance, but none the less I am not clear whether the Government’s objective is to have a clause that is about a commercial purchaser but whose heading is ““Private sector purchaser””, which is not the same. There seems to be some confusion in the drafting. If their objective is to extend the possible range of purchasers beyond those in the private sector to what may be governmental purchasers, the heading—if it has legal significance—is inconsistent. The Minister’s argument would suggest that the heading was inappropriate.

Secondary information

Type
Proceeding contribution
Reference
706 c1241 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Contracts Codes of practice Accountability Directors Assets Bank services Banks Competition Delegated legislation Bank of England Employment Liability EU law Financial institutions Insolvency Private sector Protection Pay Public appointments Property transfer Public sector Parliamentary scrutiny Staff Nationalisation Shares Taxation Shareholders Treasury
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk