HC Deb 22 July 1919 vol 118 c1299

(2) Such regulations shall provide that the amount of any annual payment to be made under this Section shall be equivalent to thirty per centum of the annual loan charges which would have been payable in accordance with the regulations on the total capital expenditure incurred by the public utility society or housing trust for the purposes of the scheme if the amount of that expenditure had been borrowed from the Public works Loan Commissioners:

Every regulation so made shall be laid before both Houses of Parliament as soon as may be after it is made, and if an address is presented by either House within twenty-one days from the date on which that House has sat next after any such regulation is laid before it praying that the regulation may be annulled, His Majesty in Council may annul the regulation, but without prejudice to the validity of anything previously done there under.

Lords Amendment:

Leave out the words from the date.

—Agreed to.