Paragraph 20

In section 658 (powers to modify: supplementary), for subsection (5) substitute—

“(5)

Subsections (6) to (10) apply for the purposes of sections 656 and 657 and this section.

(6)

“UK shares” means shares in a UK resident company.

(7)

“UK securities” means securities of—

(a)

the government of the United Kingdom,

(b)

a local authority in the United Kingdom,

(c)

another public authority in the United Kingdom, or

(d)

a UK resident company or other UK resident body.

(8)

But “UK securities” does not include UK shares.

(9)

“Overseas securities” means shares, stock or other securities issued by—

(a)

a government, local authority or other public authority of a territory outside the United Kingdom, or

(b)

another non-UK resident body of persons.

(10)

“Overseas securities” includes shares in a non-UK resident company.”