§ Resolution reported,
§ " That, for the purposes of any Act of the present Session to make provision for the better organisation of the cotton industry and certain industries related thereto, and for purposes connected with the matter aforesaid, it is expedient to authorise—
- (a)the payment out of the Consolidated Fund or moneys provided by Parliament of the sums required for the making of any payment under the Cotton Spinning Industry Act, 1936, by the Board of Trade to the board constituted under that Act (here in after referred to as "the Spindles Board"), being a payment the liability for which is attributable to any provision made by the said Act of the present Session for extending the period during which the powers conferred on the Spindles Board by subsection (1) of section two, and subsection (1) of section four, of the said Act of 1936 are exercisable, for reducing the rate at which the levy under the last-mentioned Act is payable for any year, and for deferring payment of any instalment of that levy; and
- the payment into the Exchequer of any sums received under the said Act of 1936 by the Board of Trade from the Spindles Board, being sums the receipt of which is attributable to any provision made by the said Act of the present Session for extending the said period."