I beg to move, "That the Clause be read a Second time."
The purpose of this Clause is to supply a definition of the word "owner." Subsections (2) and (3) deal with cases where the interest is a trust and is vested in a person who cannot deal with it, but holds it either as a custodian or to bridge the interval before proper trustees are appointed. Hon. Members will be familiar with cases of that kind. The owner will be the person who is or will be, when appointed, entitled to act in the trust.