finance and business to discuss.

The Upper House will debate a bid to allow Government to write off outstanding debts from its books.

At present, bills seriously overdue can only be axed from official accounts up to a maximum of $600 -- but the proposed law will allow that limit to be dropped.

Government, however, stressed that the amendment did not mean debtors would be let off the hook, but it would give a clearer picture if old debts were carried on the books for years.

The move is in line with recommendations by independent Auditor Larry Dennis who called for debts outstanding for years to be dropped from Government records to present a less cluttered set of official financial figures.

Also on the agenda is an amendment to the Companies Act -- which brings Bermuda law more into line with the rest of the world.

The proposed law includes the abolition of the rule requiring someone who bought shares after being misled having to rescind the contract of purchase before taking legal action.