Clause 5 - Pre-sale issue of shares, &c. to government Mr. Paice: I beg to move amendment No. 2, in
Horserace Betting and Olympic Lottery Bill
10:30 am
clause 5, page 3, line 19, at end insert—
'(1A) No request in respect of a person specified under subsection (1)(b) shall be made for the issue of securities to anyone unless the Secretary of State is satisfied that the person nominated will ensure that any dividend from those securities is utilised by the company in the interests of horseracing.'.