§ 1. "That towards making good the supply granted to His Majesty for the service of the year ending on the 31st day of March, 1903, sums not exceeding £32,000,000 may be raised by means of the creation of 2¾ per cent. Consolidated Stock within the meaning of The National Debt (Conversion) Act, 1888; and that any annuities forming stock so created be charged on the Consolidated Fund.
§ "That all expenses incurred in connection with raising the said sums, including any additional remuneration to the Banks of England and Ireland, be charged on the Consolidated Fund."