HC Deb 15 June 1937 vol 325 cc335-6
That it is expedient—
- (a) to consolidate the Overseas Trade Acts, 1920 to 1934, with amendments empowering the Board of Trade, for the purpose of establishing or of encouraging trade or any branch of trade between the United Kingdom and any country, to make arrangements for giving to, or for the benefit of, any person, firm, or company carrying on business in the United Kingdom guarantees in connection with the export to any country of goods not being munitions of war, but so that the aggregate amount of
the liability of the Board in respect of such guarantees and in respect of guarantees given under the said Acts shall not at any time exceed the sum of fifty million pounds;
- (b) to authorise the payment out of moneys provided by Parliament of any expenses incurred by the Board of Trade in connection with such arrangements or under the said Acts; and to provide that in the event of any amount required for fulfilling any guarantee given in pursuance of such arrangements or under the said Acts not being paid out of moneys provided by Parliament it shall he charged on, and issued out of, the Consolidated Fund;
- (c) to provide for payment into the Exchequer of any sums received by the Board of Trade in connection with any such guarantees as aforesaid or in connection with any credits granted under the said Acts."
Bill ordered to be brought in upon the said Resolution by Mr. Stanley, Lieut.-Colonel Colville, and Mr R. S. Hudson.