§ Resolution reported:
" That for the purposes of any Act of the present Session to provide for the regulation of the borrowing and raising of money, the issue of securities, and the circulation of offers of securities for subscription, sale or exchange, to enable the Treasury to guarantee loans in certain circumstances, and for purposes connected with the matters aforesaid it is expedient to authorise—
- (a)the issue out of the Consolidated Fund of any sums required for fulfilling a guarantee given under the said Act for the purpose of facilitating the reconstruction or development of an industry or part of an industry in Great Britain, so, however, that the aggregate capital amount of the loans guaranteed under the said Act in any one financial year (excluding any part of that amount which is guaranteed neither as to principal nor as to interest) does not exceed fifty million pounds;
- (b)the payment into the Exchequer of any moneys paid in or towards repayment of any sum issued out of the Consolidated Fund as aforesaid and of so much of any sum adjudged to be paid on the summary conviction of a person for an offence under the said Act as may be specified in the said Act; and
- (c)the payment out of moneys provided by Parliament of any expenses incurred by the Treasury in the administration of the said Act."
§ Resolution agreed to.