§ Considered in Committee.
§ (In the Committee.)
§ 1. Resolved, That it is expedient to authorise the creation of Stocks of Perpetual Annuities hearing interest at the rate of Two Pounds Fifteen Shillings per centum per annum, and of Stocks of Perpetual Annuities bearing interest at the rate of Two Pounds Ten Shillings 1147 per centum per annum, and to authorise also the conversion into such Stocks of Stocks of Perpetual Annuities bearing interest at the rate of Three Pounds per centum per annum.
§ 2. Resolved, That it is expedient to make provision for the payment quarterly of the dividends of the said Stocks.
§ 3. Resolved, That it is expedient that the said Stocks he issued on such terms as may be determined hereafter, and that provision be made by the creation of Terminable Annuities for the redemption of any increase of Capital of the National Debt caused by the said conversion.
§ 4. Resolved, That it is expedient to amend "The National Debt Act, 1870," and "The Sinking Fund Act, 1875."
§ Resolutions to be reported To-morrow.