§ All sums received by a responsible authority by way of betterment or as proceeds of sale of any land purchased under the powers conferred by this Act shall be applied in such manner as the Minister may approve towards the discharge of any debt of the authority or otherwise for any purpose for which capital money may be applied.—[Sir H. Young.]
§ Brought up, and read the First time.
Sir H. YOUNG
I beg to move, "That the Clause be read a Second time."
This Clause is brought forward to meet a suggestion made in Committee that it ought to be a matter of statutory obligation that capital money should be used on capital account. It is undoubtedly a principle of good finance. Such a provision is always made in the 1479 schemes, but it is a good thing, no doubt, to get it on the Statute Book.
§ Question, "That the Clause be read a Second time," put, and agreed to.
§ Sir GEORGE HUME
I beg to move, in line 3, after the word "as", to insert the words:in the case of the London County Council, the Treasury, and in other cases".The reason for this Amendment is that, in the case of the London County Council, financial operations are, by virtue of the London County Council (Finance) (Consolidation) Act, 1912, under the control of the Treasury, and it would be undesirable to make an exception as regards town planning. It is, therefore, suggested that the new Clause should be amended to provide that in the case of the London County Council the allocation of receipts of the kind referred to should be as the Treasury and not as the Minister of Health may approve.
Sir H. YOUNG
My hon. Friend is correct in saying that it will be more convenient to maintain the existing procedure and not to introduce any anomaly. I shall have no difficulty in accepting the Amendment.
§ Amendment agreed to.
§ Clause, as amended, added to the Bill.