Clause 3. — (Redemption of Trading Stamps for Cash.)

Orders of the Day — Trading Stamps Bill – in the House of Commons at 12:00 am on 20th July 1964.

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Lords Amendment: In page 2, line 38, at end insert: () The holder may exercise his right under the foregoing subsection—

  1. (a) by presenting the stamps at any reasonable time at the promoter's registered office, or
  2. (b) by sending the stamps by post to that office with sufficient instructions as to the manner in which the cash value is to be paid over,
or in any other manner afforded by the promoter.

Photo of Mr Antony Buck Mr Antony Buck , Colchester

I beg to move, That this House doth agree with the Lords in the said Amendment.

It is a small Amendment. The purpose is to prevent a promoter from stultifying the effects of Clause 3 by imposing unreasonable conditions as to the time and place at which stamps may be redeemed.

Question put and agreed to.

Subsequent Lords Amendments agreed to.

Lords Amendment: In page 3, line 6, at beginning, insert Subject to the following subsection

Photo of Mr John Osborn Mr John Osborn , Sheffield, Hallam

I beg to move, That this House doth agree with the Lords in the said Amendment.

This amends the provisions of subsec-section (4) to provide for the special case of trading stamps already issued bearing cash value unrelated to any redemption value which it would be unreasonable for the promoter to have to redeem at face value. This was considered in detail in another place.

Question put and agreed to.

Subsequent Lords Amendment agreed to.