HC Deb 31 May 1938 vol 336 c2001

Resolution reported, That, for the purposes of any Act of the present Session to enable the Treasury and the Postmaster-General to carry out certain arrangements made by His Majesty's Government in the United Kingdom with Cable and Wireless, Limited, and in connection with those arrangements to amend the law with respect to the calculation of the Post Office net surplus, it is expedient to authorise—

  1. (a) the payment into the Exchequer of any dividends or other sums received by the Treasury in respect of any shares in Cable and Wireless, Limited, accepted by the Treasury under such arrangements;
  2. (b) the waiver by the Postmaster-General of a claim against Cable and Wireless, Limited, in respect of a right conceded to that company to operate a wireless telegraph service with Kenya;
  3. (c) the payment out of the Consolidated Fund of such sums as may become payable therefrom under Section thirty-nine of the Finance Act, 1933, into the Post Office Fund by reason of the inclusion for the purpose of the statement required to be made under Section thirty-eight of the Finance Act, 1933, in the revenue of the Post Office of a sum calculated at the rate of one hundred and fifty thousand pounds per annum."