HC Deb 28 May 1940 vol 361 c520

Resolution reported, That,

  1. (1) the power of the Treasury to raise money under Section one of the National Loans Act, 1939, shall include power to raise any money required for raising any supply granted to His Majesty for the service of the year ending the thirty-first day of March, nineteen hundred and forty-one, and in addition a sum not exceeding two hundred and fifty million pounds;
  2. (2) the Treasury shall be released from any contractual obligations to issue securities under the said Act in the form of bearer bonds or bond certificates."

Resolution agreed to.

Bill ordered to be brought in upon the said Resolution by the Chairman of Ways and Means, the Chancellor of the Exchequer and Captain Crookshank.