§ Resolutions reported.
- (1.) "That it is expedient to authorise the redemption of the Consolidated Three per Cent annuities, and the Reduced Three per Cent Annuities, and the issue out of the Consolidated Fund of the necessary amounts to pay off the principal sums payable to holders of such Stocks."
- (2.)"That the sums required for such redemption be raised by the creation of Two and Three-quarters per Cent Consolidated Stock or by borrowing for a limited period, the principal moneys so raised and the interest thereon being charged on the Consolidated Fund."
- (3.) "That all expenses incurred in carrying out such redemption of Stock, and for providing for the payment of dividends in certain cases, as well as additional remuneration to the Banks of England and Ireland, he charged on the Consolidated Fund.
- (4.) "That provision be made for carrying out the arrangements necessary for such redemption of Stock."
§ Resolution agreed to.
§ Bill ordered to be brought in by Mr. Courtney, Mr. Chancellor of the Exchequer, and Mr. Jackson.