HC Deb 18 February 1935 vol 298 c144

Resolution reported, That it is expedient—

  1. (i) to authorise the payment out of the Consolidated Fund of such sums, not exceeding in the whole thirty-four million pounds, as may be required for the further development of the postal, telegraphic and telephonic systems;
  2. (ii) to authorise the Treasury to borrow, by means of terminable annuities or by the issue of Exchequer bonds, for the purpose of providing money for sums so authorised to be issued or of repaying to the Consolidated Fund all or any part of the sums so issued;
  3. (iii) to provide for the payment of such terminable annuities, or of the principal of and interest on any such Exchequer bonds, out of moneys provided by Parliament for the service of the Post Office or, if those moneys are insufficient, out of the Consolidated Fund."

Bill ordered to be brought in upon the said Resolution by Sir Kingsley Wood, Mr. Duff Cooper and Sir Ernest Bennett.