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House of Lords Reform Bill [HL]

My Lords, I question whether the agreement made by the noble Marquess, Lord Salisbury, in 1999 means that hereditary Peers have a veto—like Mr Gromyko—for as long as one can see ahead. The 92 hereditary Peers will be here for many years. When most of us are dead there will still be hereditary Peers. As Keynes said: "““In the long run we are all dead””." This is a generous Bill. We cannot go slower than saying that we will suspend by-elections. It is a pity that the noble Marquess is not here today. He made a very clever arrangement in 1999 and got sacked by Mr William Hague as leader of the Conservative Peers for his efforts. An agreement made in 1999 cannot surely apply for all time until there is a substantial change, which some people are sceptical about coming any time soon. Does the noble Lord really think that that gives people a veto, as it were, to interpret this for the foreseeable future?