HC Deb 15 June 1937 vol 325 c337
That it is expedient—
- (i) to authorise the payment out of the Consolidated Fund of such sums, not exceeding in the whole the sum of thirty-five million pounds, as may be required for the purpose of the development of the postal, telegraphic, and telephonic systems, or for repaying to the Post Office Fund any moneys which may have been applied thereout for that purpose;
- (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;
- (iii) to provide for the payment of such terminable annuities, or of the principal of and the 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 the said Resolution by Major Tryon, Lieut.-Colonel Colville and Sir Walter Womersley.