HC Deb 26 May 1892 vol 4 cc2018-9

Considered in Committee.

(In the Committee.)

Motion made, and Question proposed, That, for the purpose of the conversion of the securities held by the National Debt Commissioners on account of advances made by them under the provisions of the 'National Debt Redemption Act, 1889,' it is expedient to authorise (a) the creation of a charge upon the Consolidated Fund in favour of the National Debt Commissioners for a sum of £13,000,000, together with interest thereon at the rate of 2¾ per centum per annum, such charge to be reduced at any time by the issue of money out of the Consolidated Fund to the National Debt Commissioners of any portion of the sum of £13,000,000; (b) the cancelling of all Exchequer Bonds and Securities issued in respect of the advances made by the National Debt Commissioners."—(Mr. Chancellor of the Exchequer.)

(1.45.) DR. TANNER (Cork County, Mid)

I beg to move that Progress be reported.

*MR. GOSCHEN

This is but a formal stage. There will be opportunity of considering the Report of the Resolution, and subsequently Members will have the Bill in their hands.

DR. TANNER

Yes, but this is not the time for serious business; and the proceedings, if merely formal, can be easily gone through to-morrow.

Objection being taken to Further Proceeding, the Chairman left the Chair to make his report to the House.

Committee report Progress; to sit again To-morrow.