§ "That the Treasury may borrow in such manner as they think fit, on the security of the Consolidated Fund, any sums required for raising the supply granted to His Majesty for the service of the year ending on the thirty-first day of March, nineteen hundred and seventeen, and in addition a sum not exceeding two hundred and fifty million pounds, and that there shall be charged on the Consolidated Fund—
- (a) any sums which may be required to be so charged in the exercise in connection with any money to be so borrowed of any powers which were given by the War Loan Act, 1914, or the War Loan Act, 1915, or any other enactment in connection with money borrowed under the War Loan Acts, 1914 and 1915, or any other enactment; and
- (b) any sums which may be required for the expenses of the redemption of any securities issued for the purpose of money to be so borrowed or of money borrowed under the War Loan Acts, 1914 and 1915, or any other enactment; and
- (c) any sums which may be required for the remuneration of the Banks of England and Ireland in connection with the management of any securities issued for the purpose of money to be so borrowed or of money borrowed under Section fifty-eight of the Finance Act, 1916."
§ Resolution agreed to.
§ Bill ordered to be brought in upon the said Resolution by the Chancellor of the Exchequer, the Attorney-General, and Mr. James Hope.1502
§ WAR LOAN BILL,—"to make further provision for raising money for the present War and for purposes incidental thereto," presented accordingly, and read the first time; to be read the second time Tomorrow, and to be printed. [Bill 143.]