HC Deb 29 July 1946 vol 426 c702

Lords Amendment: In page 15, line 34, at end, insert: (3) The said Act of 1939 shall have effect as if, after Subsection (1) of Section fourteen thereof, there were inserted the following Subsection: — '(1A) Without prejudice to their powers under the last preceding Subsection, the Corporation may, with the consent of the Treasury, create and issue Airways Stock which is to be allotted as consideration for the acquisition of any other undertaking or of snares or stock in any other undertaking.'

12.45 a.m.

Mr. Ivor Thomas

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

This Amendment has the effect of bringing the borrowing powers of B.O.A.C. into line with the borrowing powers of the other Corporations under this Bill. If these words were not inserted in the Bill it would not be possible for B.O.A.C, as it is for the other corporations, to issue stock for the acquisition of other undertakings.

Question put, and agreed to.—[Special Entry.]