HC Deb 26 May 1864 vol 175 cc695-6

Order for Committee read.

(In the Committee.)

THE CHANCELLOR OF THE EXCHEQUER

begged to move a Resolution au- thorizing any deficiency in the assets of the Commissioners for the reduction of the National Debt in connection with Deferred Annuities and Life Assurance, to be made a charge on the Consolidated Fund.

Resolved, That it is expedient to empower the Commissioners of the Treasury to issue out of the Consolidated Fund of the United Kingdom of Great Britain and Ireland such sums as may be requisite to make good any deficiency that may arise in the Assets of the Commissioners for the Reduction of the National Debt applicable to the Payment of Deferred Life Annuities, and to Payments to be made on Death, and also to empower the Commissioners of the Treasury to convert certain Capital Stocks of Annuities into an equivalent amount of Annuities for a Term of years.

House resumed.

Resolution to be reported this day.