Clause 49 - Power to make provision for enforcement of other orders
International Criminal Court Bill [Lords]
11:15 am
Mr Edward Garnier (Harborough, Conservative)
I want to ask one or two questions about article 79 of the statute and about the trust fund set up by treaty. What would we accept as a trust fund under English law? Are there trustees and so forth, or are we talking simply about a bank account that is administered by the ICC? Many things are called trusts although they are not trusts in law. The National Trust is a classic example because it looks like a trust but is simply an organisation. It is perhaps a corporate organisation, but it is not a trust.
Secondly, if it is a trust fund in the English sense, where will the money be deposited? Will it be invested, or will it be kept in an interest-accruing account; and, if so, where will that account be held? If the trust is allowed to make investments, where will those investments be made? Will they be made through the London stock exchange, the Frankfurt exchange or internationally through a number of exchanges? A number of obvious questions occur to one as one investigates the trust fund.
It being twenty-five minutes past Eleven o'clock, The Chairman adjourned the Committee, without Question put, pursuant to the Standing Order.
Adjourned till this day at half-past Two o'clock.