Crown Estate Bill [HL] Debate

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Department: HM Treasury
Lord Howard of Rising Portrait Lord Howard of Rising (Con)
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My Lords, I thank the Minister for accepting the principle that there should be a limit on lending; 25% is probably more than I would have liked to go for, but nevertheless I am grateful that the principle has been accepted. That would probably be better in statute than in a memorandum of understanding, but perhaps I could reflect on that. Really, the Minister has taken the wind out of the sails of my Amendment 9, so I beg leave to withdraw it.

Lord Geddes Portrait The Deputy Chairman of Committees (Lord Geddes) (Con)
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As the noble Lord has spoken to the amendment, the Government may reply if they so wish.