HC Deb 20 June 1939 vol 348 cc2196-7

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 provide for raising further money for the development of the postal, telegraphic and telephonic systems, and for raising money for the purpose of repaying to the Post Office Fund moneys applied there-out for such development, it is expedient—

  1. (i)to authorise the payment out of the Consolidated Fund of such sums, not exceeding in the whole forty million pounds, as may be required for the purposes of such development or of such repayment;
  2. (ii) to authorise the Treasury to borrow, by means of terminable annuities or by the issue of Exchequer Bonds. for the purpose 2197 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;
  3. (iii) to provide for the payment of such terminable annuities, or of the principal of and 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." — (King's Recommendation signfied.) —[Major Tryon.]

Resolution to be reported To-morrow.