Clause 69 - Powers of court and receiver

Part of Proceeds of Crime Bill – in a Public Bill Committee am 2:45 pm ar 29 Tachwedd 2001.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mark Field Mark Field Ceidwadwyr, Cities of London and Westminster 2:45, 29 Tachwedd 2001

I thank the Minister for alerting us to the purpose of subsection (4). His comments have provided some comfort. However, in practical terms, what is deemed to be impossible to replace might be a possession that has personal significance, such as a house that has been owned by the family for several generations, or works of art, or antiques. That is another reason why, in compensation for a receiver's fees, property that can be easily liquidated, such as moneys that are available within a business, or small bits of a business that can be readily sold off, will be targeted first. That calls to mind a point that my hon. Friend the Member for Beaconsfield made a few moments ago—