HC Deb 13 February 1933 vol 274 c715

6.45 p.m.


I beg to move, in page 63, line 14, to leave out from the word "of," to the word "be," in line 16, and to insert instead thereof the words: paying interest on the 'C' stock at the standard rate. This is part and parcel of the financial provisions which I explained a few minutes ago. The words which the Amendment proposes to leave out are: defraying the charge mentioned in paragraph (f) of Sub-section (1). If these words were read with paragraph (f) of Sub-section (1), they would apply, as in that paragraph, to interest for that year on the 'C' stock at the standard rate. Sub-section (3), however, refers to the interest for all previous years, and, therefore, we propose this Amendment, which will make it plain that we are not only dealing with one particular year, but are dealing with all years.

Amendment agreed to.