HC Deb 29 July 1946 vol 426 cc699-700

Lords Amendment: In page 10, line 21, leave out from "fund", to end of Clause, and insert: (2) The management of the said fund, the sums to be carried from time to time to the credit thereof, and the application thereof, shall be as the Corporation concerned may determine: Provided that—

  1. (a) no part of the said fund shall be applied otherwise than for purposes of the Corporation; and
  2. (b) the power of the Minister to give directions to the Corporation shall extend to the giving to them, with the approval of the Treasury, of directions as to any matter relating to the establishment or management of the said fund, the carrying of sums to the credit thereof, or the application thereof, notwithstanding that the directions may be of a specific character."

Mr. Ivor Thomas

I beg to move, "That this House doth agree with the Lords in the said Amendment."

This brings the Bill into line with the wording adopted in the Coal Industry Nationalisation Act.