HC Deb 18 July 1939 vol 350 cc363-5

" That, for the purposes of any Act of the present Session to make provision for authorising the Board of Trade, in the event of war and in other circumstances, to undertake

£ s. d.
Total Surpluses 808,068 9 11
Total Deficits 107,228 15 9
Net Surplus £700,839 14 2

And whereas the Lords Commissioners of His Majesty's Treasury have temporarily authorised the application of so much of the said total surpluses on certain Grants for Air Services as is necessary to make good the said total deficits on other Grants for Air Services.

3. "That the application of such sums be sanctioned."

the insurance of ships and other goods, for the payment by the Board of Trade, in time of war, of compensation in respect of goods lost or damaged in transit, for requiring persons to insure goods against certain risks in time of war, and for purposes connected with the matters aforesaid, it is expedient to authorise—

  1. (a) the payment into the Exchequer of the amount by which the sum standing at any time to the credit of either of the funds established under the said Act exceeds the 365 sum which, in the opinion of the Board of Trade and the Treasury, is likely to be required for the making of payments out of that fund; and
  2. (b) the issue out of the Consolidated Fund of the amount of any sum so paid into the Exchequer and the application of that amount in redeeming or paying off debt;
and to authorise the Treasury to raise money and to create and issue securities for the purpose of providing for the issue of sums out of the Consolidated Fund to make good any deficiency in either of the said funds."