HC Deb 01 July 1919 vol 117 c923
That, for the purposes of any Act of the present Session to amend the Law with respect to the supply of electricity, it is expedient—
- (a) to authorise the Treasury to advance out of the Consolidated Fund such sums not exceeding in the aggregate twenty million pounds as may be required in connection with the construction of interim works, and to borrow money by means of Exchequer bonds for the issue of such sums or tile repayment thereof; the principal of and interest on such bonds to be charged on and paid out of the Consolidated Fund;
- (b) to authorise the Treasury to guarantee the interest on stock issued under the powers of such Act by the Electricity Commissioners appointed there under up to an amount not exceeding twenty-five million pounds, and the charge on and payment out of the Consolidated Fund of any sums required for fulfilling such guarantee;
- (c) to authorise the payment out of moneys to be provided by Parliament for five years after the passing of such Act by way of advance of any excess of the expenses of the Electricity Commissioners over their receipts."
Motion made, and Question proposed,
That this House doth agree with the Committee in the said Resolution.
Sir F. BANBURY
I am not sure whether, under the now Rules of the House, it is possible to object to this Resolution being taken after eleven o'clock. If they do not alter the procedure, I beg to object.
No objection is valid.
The remaining Orders were read, and postponed.