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{
    "id": 230775,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/230775/?format=api",
    "text_counter": 170,
    "type": "speech",
    "speaker_name": "Mr. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Order, hon. Members! Some hon. Members cannot give one minute to Parliamentary business. Just one minute! So, I, in fact, communicated to this House, and the HANSARD is there, on the Memorandum by His Excellency the President on The Banking (Amendment) Bill, 2004. At the same time, I set out the procedures to be followed as a Communication from the Chair. That is a long time ago and some hon. Members may have forgotten. So, I put this one, not for business today. It is coming tomorrow but it is there as a notice to hon. Members that the issue of that Memorandum is coming to the Committee of the whole House tomorrow for its consideration. Therefore, hon. Members are called upon by that notice to revisit the Communication issued by the Chair in this respect so that they are equipped to deliberate on this issue tomorrow. To make your work easier, I have further asked the Clerk to avail to hon. Members a copy of the Memorandum, but I think it is all there, and a copy of my Communication so that when we come to it tomorrow, hon. Members will understand what we are supposed to do. However, in short, what it means is that tomorrow when this matter comes, this Memorandum will be referred to the Committee of the whole House. The Committee of the whole House will consider the Memorandum of His Excellency the President. This House is at liberty to approve the Memorandum as it is, in which case it will be by a simple majority; or you may approve it with amendments, in which case again you will require a simple majority; or you may also wish to reject the Memorandum in its totality. In that case, you require 65 per cent of the hon. Members, not those present but the membership of the House. To reject it in total, you require 65 per cent of the total membership of the House excluding the ex-officio members. If at the end of the vote you do not get the 65 per cent, the objections by His Excellency the President will be deemed to have been accepted. Once the result is known, then a report will be made to the House by the Committee. Once that report is accepted by the House, then the Bill will be read a Third Time. As of now, it has not been read a Third Time. It will be read a Third Time as a formality and then it will go back to His Excellency, the President who will then give assent. I hope we understand that procedure. I appreciate the fact that it is something new. We have not done this in the past. So, please, acquaint yourselves and get ready for it tomorrow. You have three options: To accept the Memorandum as it is, to accept with amendments or to reject in total. The number of votes required in two instances is the same simple majority. On the third, which is the total rejection of the objections by His Excellency, the President, you will require two thirds of the membership of the House. If you do not get it, you will be deemed to have accepted them. Thank you. Next Order!"
}