(8 years, 9 months ago)
Public Bill CommitteesMost of what we are doing today enables the trustees to be in the position to answer most of the hon. Lady’s questions when they decide on the conditions. The refund to the Treasury will be in the hands of the trustees, and the chairman of the trustees is here to hear her. The balance at the moment is £6.5 million. It is estimated that we need about £4 million, which means that there could be a refund of £2 million, but that will be down to the trustees. One of the more modern ways of government is to devolve the decisions on these sorts of matters downwards, and I think it is appropriate to give the trustees the ability to do that, including wind-up if they wish.
Question put and agreed to.
Clause 1 accordingly ordered to stand part of the Bill.
Clauses 2 to 6 ordered to stand part of the Bill.
Clause 7
Public money
I beg to move amendment 1, in clause 7, page 3, line 32, leave out subsection (1).