HC Deb 18 June 1931 vol 253 cc2095-7

Resolution reported, That, for the purpose of any Act of the present Session relating to finance, it is expedient—

  1. (i) to authorise the Treasury at any time within the current financial year to advance to the Road Fund out of the Consolidated Fund (in addition to any advances made to the Road Fund under section twenty-seven of the Finance Act, 1928), such further sums, not exceeding in the aggregate nine million pounds, as may be required for the purpose of making any payments falling to be made out of the Road Fund on account of expenditure incurred in respect of the construction or improvement of roads within the meaning of the Development and Road Improvement Funds Act, 1909, which cannot be met out of the income of that Fund, and to provide for the repayment to the Exchequer out of the Road Fund of any sums so advanced together with interest thereon;
  2. (ii) to authorise the Treasury to borrow by means of terminable annuities for a term not exceeding nine years or by the issue of other securities (being securities repayable not later than the thirty-first day of March, nineteen hundred and forty-one) for the purpose of providing money for the issue of sums out of the Consolidated Fund as aforesaid or for the repayment to that fund of all or any part of any sum so issued or for paying off any securities issued as aforesaid;
  3. (iii) to provide for the payment out of the Consolidated Fund of any terminable annuities granted, and the principal of and interest on any securities issued, under this Resolution."

MR. SPEAKER, pursuant to the Order of the House of the 4th June, put forth-with the Question necessary to dispose of the Resolution.