HC Deb 27 May 1892 vol 5 cc154-5

Considered in Committee.

(In the Committee.)

Question again 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 in 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.)

Question put, and agreed to.

Resolution to be reported upon Monday next.