That the Treasury may borrow in such mariner 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 nineteen, and in addition a sum not exceeding two hundred and fifty million pounds, and that there shall be charged on the Consolidated Fund—
§ Motion made, and Question proposed, "That this House doth agree with the Committee in the said Resolution."275
§ The CHANCELLOR of the EXCHEQUER (Mr. Bonar Law)
Every year it is necessary to have a Loan Bill, because without it there is no power to borrow money expended by the House. This Resolution is precisely in the same terms as all others since the War started, and I do not think there is anything new to be explained. I would point out also to the hon. Member that there will be an opportunity for dealing with the Bill itself, as this is only a Resolution, and I hope the House will allow it to go through.
§ Question put, and agreed to.
§ Bill ordered to be brought in upon the said Resolution by the Chairman of Ways and Means, Mr. Bonar Law, and Mr. Baldwin.