HC Deb 30 June 1927 vol 208 cc757-8
The CHAIRMAN

The Amendments in the name of the hon. Member for Leicester West (Mr. Pethick-Lawrence)—in page 34, line 32, to leave out the words, "as respects the current financial year"; and in line 34, to leave out the words, "as respects that year"—would increase the charge and are therefore out of order. With regard to the Amendment standing in the name of the hon. Member for Reading (Mr. H. Williams)—in page 34, line 35, at the end, to insert the words, The National Debt Commissioners shall hypothecate for the purpose of paying interest on national savings certificates which may be encashed after the thirty-first day of March, nineteen hundred and twenty-eight, so much of the Sinking Fund as shall be equal to the excess of the interest accruing in respect of national savings certificates during the year ending on the thirty-first day of March, nineteen hundred and twenty-eight, over the amount which shall have actually been paid in interest on the encashment of national savings certificates during that year. I confess that I am not at all clear as to whether that does not increase the charge also. If the hon. Member wishes to move it, perhaps he will state what is the effect of it.

Mr. SMITHERS

Was it not part of the understanding that we should only go as far as the end of Clause 44?

HON. MEMBERS

Clause 45.

Motion made, and Question, "That the Chairman do report Progress and ask leave to sit again," put, and agreed to.—[Mr. Churchill.]

Committee reported Progress; to sit again upon Monday next (4th July).

The remaining Orders were read, and postponed.

It being after half-past Eleven of the Clock upon Thursday evening, Mr. DEPUTY-SPEAKER adjourned the House without Question put, pursuant to the, Standing Orders.

Adjourned at a Quarter after One o'Clock.