I beg to move amendment No. 2, in page 2, line 27, after 'is', insert 'only'.

This is a short and self-explanatory amendment. A person who contracts to buy and pays without taking a transfer, whom the owner would hold as a bare trustee, should be entitled to apply to register. A person who contracts and pays for the property should be the person who registers and not merely the bare trustee. I hope that that makes the position clear and I look forward to hearing what the Minister has to say.