Mr Henry, who said a description of his relationship with Mr Peters of being blood brothers was apt, never sent bills via a solicitor for legal work for Mr Peters. That meant there was no debt.
"The position is I have not rendered a fee note to the solicitor for the work done and that solicitor has not rendered a bill to Winston. Until my instructing solicitor renders a bill to Winston, there is no debt owed by Winston."
Parliament's rules state that MPs must disclose any gift or payment of their debts, with a value of over $500, by another person.
Mr Henry told MPs he had long employed the practice of fund-raising to pay Mr Peters' debt and not tell him about doing this in order to protect him.
Mr Peters read a letter he wrote to Speaker Margaret Wilson outlining his arguments that there was no debt or gift to declare.
"We have always operated under an agreed system of Mr Henry not disclosing the source of fund-raising and myself not asking... there is no debt to be paid or discharged."
National's Gerry Brownlee asked Mr Peters about a comment Mr Peters made, saying Mr Glenn had helped pay his bill.
"When you were saying this is a donation to you, you were accepting that there was a donation to you personally?"
"No it was a donation to the legal cost of a petition."
Now I'm no legal expert - but given that the Petitioner in the Tauranga Electoral Petition was`Winston Raymond Peters, surely any donation towards the legal costs of the petitioner is a personal donation, because only the petitioner derives a pecuniary advantage from it.