§ Considered in Committee.
§ (In the Committee.)
§ Proposed,—That it is expedient to authorise the Treasury to redeem their liability in respect of guaranteed dividend on the share capital of Tramway Companies in Ireland by payment of a capital sum, to authorise the National Debt Commissioners to advance the sum required, and to authorise the payment, out of moneys provided by Parliament for the service of the Board of Works, or (if not so made) out of the Consolidated Fund of the United Kingdom, of any terminable annuity created for the repayment of such advance in pursuance of any Act of the present Session to amend The Tramways and Public Companies (Ireland) Act, 1883.— (Sir John Hibbert.)
MR. W. BROMLEY DAVENPORT (Cheshire, Macclesfield)said, that the Bill which it was proposed to introduce was a Bill to relieve the Treasury and Grand Juries in Ireland of certain liabilities. The relief, he supposed, was to be given at somebody's expense, presumably at the expense of the Company shareholders. The change was to be effected with the consent of the Treasury, the Company, and the Grand Jury. He thought that the words "with the consent of the Company" ought to be clearly explained to mean that there must be a certain majority of the Shareholders in favour of the change, and he ventured to suggest that it should be a two-thirds majority.
§ SIR JOHN HIBBERTsaid, that if the hon. Member would draw attention to the point in Committee on the Bill, he should be glad to consider it.
§ Resolution agreed to, and reported.
§ House adjourned at a Quarter after Twelve o'clock.