Trusts (Capital and Income) Bill [HL]

Lord Lloyd of Berwick Excerpts

Tuesday 23rd October 2012 Lords Chamber

[Lord Ahmad of Wimbledon]

My noble friend is correct. The Bill makes minor modifications and there is obvious scope to look at this issue further.

[Lord Lloyd of Berwick]

My Lords, I add my tribute to the work of the Law Commission in relation to the Bill. It is a short but useful Bill. In Clause 1 we say farewell to a number of old friends familiar to generations of law students, if to nobody else. Clause 4 is important since it gives greater flexibility to the trustees of charitable trusts. All in all, the Law Commission is to be congratulated on producing a valuable reform of the law and I look forward to its next instalment.

Bill passed and sent to the Commons.