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ADMISSIBILITY OF PARLIAMENTARY MATERIAL IN CONSIDERING ACT

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Three Rivers DC and Others have been granted leave by the court of appeal to refer to two speeches made by minister...
Three Rivers DC and Others have been granted leave by the court of appeal to refer to two speeches made by ministers in parliament, reports The Times (Law Report, p32).

The main action concerned the insolvency of the Bank of Credit and Commerce International SA, the second plaintiff, with the consequential loss of substantial sums of money by thousands of depositors, the first plaintiff being among that number.

Mr Justice Clarke said that the plaintiffs intended to refer to the two speeches in support of an argument that the defendant's contention that the Banking Acts 1979 and 1987 were not intended by parliament to impose on the defendant an obligation to protect depositors from negligence, impropriety, dishonesty and so on the part of credit institutions was wrong and that that was the plain intention of parliament when it passed those acts, the paper reports.
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