§ Considered in Committee.
§ (In the Committee.)
§
Motion made, and Question proposed,
That, towards raising the Supply granted to Her Majesty, the Commissioners of Her Majesty's Treasury be authorised to raise any sum of money, not exceeding Four Million and Eighty Thousand Pounds, by issue of Exchequer Bonds, bearing interest at a rate not exceeding Three Pounds Ten Shillings per cent. per annum, and to be paid off from time to time at par.
§ Whereupon Motion made, and Question proposed, "That the Chairman do report Progress, and ask leave to sit again."—(Mr. Biggar.)
§ Motion, by leave, withdrawn.
- 1. Resolved, That, towards raising the Supply granted to Her Majesty, the Commissioners of Her Majesty's Treasury be authorised to raise any sum of money, not exceeding Four Million and Eighty Thousand Pounds, by issue of Exchequer Bonds, bearing interest at a rate not exceeding Three Pounds Ten Shillings per cent. per annum, and to be paid off from time to time at par.
- 2. Resolved, That, towards meeting the principal and interest of such Exchequer Bonds, during the currency thereof, an annual sum not exceeding Two Hundred Thousand Pounds, be charged upon and issued out of the Consolidated Fund of the United Kingdom, or the growing produce thereof.
- 3. Resolved, That the interest of such Exchequer Bonds shall he payahle half-yearly out of the said sum of Two Hundred Thousand Pounds, and that the residue of the said sum shall be appropriated to the payment of the principal of the said Bonds.
- 4. Resolved, That, towards making good the Supply granted to Her Majesty for the service of the year ending on the 31st day of March 1876, the sum of Four Million and Eighty Thousand Pounds he granted out of the Consolidated Fund of the United Kingdom.
§ Resolutions to be reported To-morrow;
§ Committee to sit again To-morrow.
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c903
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