§ (1) Any expenses of the Board incurred in the exercise of any of their powers under this Act in relation to land acquired or to be acquired under the Development and Road Improvement Funds Act, 1909, shall be defrayed out of any advances made to the Board for the purpose under that Act; and any sums received by the Board in respect of any such land shall be applied as the Treasury may direct.
§ (2) Any sums expended or received by the Board in pursuance of their powers under this Act in relation to land acquired under this Act, shall be paid out of or into the Small Holdings Account.—[Mr. Acland.]
§ Clause brought up, and read the first time.
§ Mr. ACLANDI beg to move, "That the Clause be read a second time."
Perhaps it will be for the convenience of the Committee if I say that I do not propose to ask hon. Members to proceed further with the consideration of this Bill this evening or to-morrow morning beyond the new Clauses, thus getting to the end of the Committee stage. If we can get rid of the new Clauses, which are only five in number, we shall not propose to embark on the Report stage to-night.
This Clause is practically formal, and merely says that the expenses which may fall upon the Board under the Bill, so far as they relate to the Development and Road Improvement Funds Act, shall be defrayed out of the advances made for the purposes of that Act, and that sums expended with regard to these small-holding colonies shall be defrayed out of the Small Holdings Account. Conversely, the 1555 income received in carrying out this scheme of small-holding colonies will be paid into that account. That was the natural, simple system of framing the financial provisions of the Bill, as I explained at an early stage. It was not put into the Bill in its original form because the measure was initiated in another place.
§ Clause read a second time, and added to the Bill.