---

Postal Services Bill [HL]

I do not think that the Secretary of State quite said that there would be no need for any further legislation. I take it that he is virtually saying that. The noble Lord says, "That is what I meant". I think we are reassured by that. There is still the question about what happens to colleagues’ share under any such agreement. I know that the Secretary of State will not have gone quite the route that he has outlined to us; namely, that no Minister and no official has even given any thought yet to what the shareholders’ agreement would say. However, perhaps the main assurance I seek is that, as soon as there is a little bit more of a focus on this, he will share with the Committee the stages that are reached. In view of the spirit with which he approached my amendment, I have no hesitation at this stage in seeking the leave of the Committee to withdraw it. Amendment 3 withdrawn.