HL Deb 15 March 1877 vol 232 c1962

Order of the Day for the Second Reading, read.

THE EARL, OF BEACONSFIELD

, in moving that the Bill be now read a second time, said, that it did not in any degree add to the borrowing powers of the Government. It only introduced a now form of raising money more adapted to the present time. It would have an advantageous effect in facilitating and economizing advances by way of loans for public works from the Public Loan Commissioners, such advances being now of very considerable amount.

Bill read 2a accordingly; Committee negatived; Then Standing Orders Nos. XXXVII. and XXXVHI. considered (according to order), and dispensed with; Bill read 3a, and passed.

House adjourned at a quarter past Five o'clock, till To-morrow, half-past Tea o'clock.