Programme motion agreed to. Clauses 1 to 6 agreed to. Bill reported without amendment.

Programme motion agreed to. Clauses 1 to 6 agreed to. Bill reported without amendment.

Second Reading Committee motion to recommend that the Bill ought to be read a second time. Agreed to on question.

Second Reading Committee motion to recommend that the Bill ought to be read a second time. Agreed to on question.

The Trusts (Capital and Income) Bill [HL] is based substantially on a draft bill prepared by the Law Commission. It is following the special procedure which applies to Law Commission bills. The Bill deals with technical and complex matters relating to trust law where trustees have to distinguish between capital and income in their management of the trust property. It is supported by the Opposition and by professional groups.

The Trusts (Capital and Income) Bill [HL] is based substantially on a draft bill prepared by the Law Commission. It is following the special procedure which applies to Law Commission bills. The Bill deals with technical and complex matters relating to trust law where trustees have to distinguish between capital...

Lords Special Public Bill Committee. Examination of witnesses. Clauses 1 to 3 agreed to. Two amendments to clause 4 debated and withdrawn. Two other amendments to clause 4 debated and disagreed to on division (2 votes to 8, in each case). Clauses 4 to 6 agreed to. Bill reported without amendment.

Lords Special Public Bill Committee. Examination of witnesses. Clauses 1 to 3 agreed to. Two amendments to clause 4 debated and withdrawn. Two other amendments to clause 4 debated and disagreed to on division (2 votes to 8, in each case). Clauses 4 to 6 agreed to. Bill reported without...

My Lords, I had better look at the letter more carefully myself in due course and write to my noble friend to deal with that point. My noble friend Lord Wakeham talked about the possibility of delays of the sort one finds in law, which no doubt provided the noble...

My Lords, I had better look at the letter more carefully myself in due course and write to my noble friend to deal with that point. My noble friend Lord Wakeham talked about the possibility of delays of the sort one finds in law, which no doubt provided the noble...

My Lords, I rise briefly to support my noble friend on these proposals. First, I should declare an interest as a trustee of a substantial charity, which at the moment does not operate a total return investment policy but I am pretty sure would want to do so in the...

My Lords, I rise briefly to support my noble friend on these proposals. First, I should declare an interest as a trustee of a substantial charity, which at the moment does not operate a total return investment policy but I am pretty sure would want to do so in the...

My Lords, I am afraid that I am not a barrister or a solicitor and so the Earl of Chesterfield and Howe versus the Earl of Dartmouth do not adorn my lavatory walls—or, indeed, have not, until now, swung into my ken. I welcome this small, technical but important legislation...

My Lords, I am afraid that I am not a barrister or a solicitor and so the Earl of Chesterfield and Howe versus the Earl of Dartmouth do not adorn my lavatory walls—or, indeed, have not, until now, swung into my ken. I welcome this small, technical but important legislation...

My Lords, I endorse the commendation of my noble friend Lord Henley for the work of the Law Commission. It is one of the unsung heroes of the forest of the law and, within it, it is a true forester. It is particularly warming to know that the report upon...

My Lords, I endorse the commendation of my noble friend Lord Henley for the work of the Law Commission. It is one of the unsung heroes of the forest of the law and, within it, it is a true forester. It is particularly warming to know that the report upon...

This is a short but technical Bill to amend the law of England and Wales relating to capital and income in trust. Capital, for these purposes, is trust property that constitutes a pool or fund of assets, and is to be distinguished from the income earned on those assets. For...

This is a short but technical Bill to amend the law of England and Wales relating to capital and income in trust. Capital, for these purposes, is trust property that constitutes a pool or fund of assets, and is to be distinguished from the income earned on those assets. For...

That the Committee do consider the Bill. That the Committee do consider the Bill.

That the Committee do consider the Bill. That the Committee do consider the Bill.

Obviously, we are always more than happy for there to be consultation before, during and whenever to deal with these matters. They ought to be looked at and that is how we get the right result in the end on all Bills. It is something that we would more than...

Obviously, we are always more than happy for there to be consultation before, during and whenever to deal with these matters. They ought to be looked at and that is how we get the right result in the end on all Bills. It is something that we would more than...

I am still slightly puzzled about this. It says that the Bill is expected to be beneficial to small firms and micro-businesses. Does it mean small legal firms? The idea of a small legal micro-business strikes me as a little unlikely, so I do not understand how it affects small...

I am still slightly puzzled about this. It says that the Bill is expected to be beneficial to small firms and micro-businesses. Does it mean small legal firms? The idea of a small legal micro-business strikes me as a little unlikely, so I do not understand how it affects small...

Can I take it that the Minister will be happy for consultation with his officials to take place on this matter?

Can I take it that the Minister will be happy for consultation with his officials to take place on this matter?

The Committee will be grateful to the noble Lord for that declaration of interest. I start by congratulating the noble Lord, Lord Beecham, on being the first speaker in this debate to mention Dickens, in this bicentenary of his death. I was wondering how long it would be before Jarndyce...

The Committee will be grateful to the noble Lord for that declaration of interest. I start by congratulating the noble Lord, Lord Beecham, on being the first speaker in this debate to mention Dickens, in this bicentenary of his death. I was wondering how long it would be before Jarndyce...

My Lords, I should have declared an interest earlier, which I need to do now. I am the founder of, and am still a consultant to, a firm of charity lawyers, Bates Wells & Braithwaite. I should have said that and apologise for not so doing. I will not enumerate...

My Lords, I should have declared an interest earlier, which I need to do now. I am the founder of, and am still a consultant to, a firm of charity lawyers, Bates Wells & Braithwaite. I should have said that and apologise for not so doing. I will not enumerate...

My Lords, I join other noble Lords in congratulating the Minister on the clarity of his exposition of this intrinsically complex area, and in congratulating the Law Commission on producing the report. As the Minister reminded us, the process began eight years ago, so it has not quite reached the...

My Lords, I join other noble Lords in congratulating the Minister on the clarity of his exposition of this intrinsically complex area, and in congratulating the Law Commission on producing the report. As the Minister reminded us, the process began eight years ago, so it has not quite reached the...

My Lords, I am in no sense an expert in this area, but over the past two or three years I have been involved in negotiations with the Charity Commission. I certainly join with those who have expressed appreciation to the Law Commission for its work on this. I think...

My Lords, I am in no sense an expert in this area, but over the past two or three years I have been involved in negotiations with the Charity Commission. I certainly join with those who have expressed appreciation to the Law Commission for its work on this. I think...

Lords Second Reading Committee motion to consider the Bill. Agreed to on question.

Lords Second Reading Committee motion to consider the Bill. Agreed to on question.