HC Deb 05 May 1938 vol 335 c1185

Considered in Committee under Standing Order No. 69.

[Sir DENNIS HERBERT in the Chair.]

Resolved, That, for the purposes of any Act of the present Session to confirm and give effect to certain agreements as to the relations between the United Ringdom and Eire, it is expedient to authorize—

(1) the payment into the Exchequer of the sum of ten million pounds payable by the Government of Eire in pursuance of any such agreement;

(2) the payment out of the Consolidated Fundߞ

  1. (a) to the National Debt Commissioners, of a sum equal to the aggregate of all sums lent by them to the Treasury under Sub-section (2) of Section four of the Railways (Ireland) Act, 1896, and not repaid before the commencement of the said Act of the present Session, together with interest due thereon up to the date of payment;
  2. (b) to the National Debt Commissioners, of the sum of three million seven hundred and fifty thousand pounds, to be accepted by them in final settlement of all claims under Section four of the Public Works Loans Act, 1927, against the Government of Eire in respect of local loans;
  3. (c) for the purpose of its being applied in redeeming or paying off debt, of a sum equal to the amount by which the said sum of ten million pounds exceeds the aggregate of the sums mentioned in the last two foregoing paragraphs;
  4. (d) into the Irish Land Purchase fund or account or other appropriate fund or account, of such sums as the National Debt Commissioners may certify to be necessary for defraying all payments specified by the said Act of the present Session which, on or after the date on which the said sum of ten million pounds is paid into the Exchequer, become payable out of that fund or account in respect of land situate in Eire."—(King's Recommendation signified.) — [Mr. M. MacDonald.]

Resolution to be reported upon Monday next.