§ Considered in Committee.
§ (In the Committee.)
- 1.Resolved, That it is expedient to amend the Savings Banks Acts.
- 2.Resolved, That it is expedient to make provision for charging on the Consolidated Fund of the United Kingdom from the 1st day of April]881, the amount of such annuity as will pay off, with interest, and within a period not exceeding twenty-eight years from the 1st day of April 1881—
- (a.) The sum by which the assets or securities standing to the credit of the Commissioners for the Reduction of the National Debt in respect of Savings Banks under the Act 26 and 27 Vic. c 87, are insufficient to meet the liabilities of the said Commissioners in respect of the said Banks; and
- (b.) The sum by which the interest accrued from the said assets or securities in the year ending on the 20th day of November 1880, is insufficient to meet the interest paid and credited to the trustees of the said Savings Banks during that year. Resolutions to be reported To-morrow.