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{
    "id": 860438,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/860438/?format=api",
    "text_counter": 568,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": " I want to make a plea to the good lady, Hon. Jennifer Shamalla and I want us to look at where we are coming from. It is not common practice for a warehouse receipt to be used as a lien. This is because so far, it does not contain the same effect, gravity or weight like a title deed or title to property. I am just speculating that probably the drafters of the Bill wanted to emphasis this point, so that, this particular title can be used as security for purposes of a loan in a bank. I am just pleading with her. Fine, it might look superfluous and not make much sense in legal terminology. But, for purposes of giving effect to the intentions of the drafters of the Warehouse Receipt Systems Bill, allow that we retain the wordings as they are. Once, it has entrenched itself into the system, then we can make amendments to make it neater in the legal terms as we wish. This is just a personal plea."
}