HC Deb 08 May 1946 vol 422 c1187

Resolution reported:

"That, for the purposes of any Act of the present Session to make further provision with respect to civil aviation and matters connected therewith, and, in particular, to secure the development of air transport services by corporations operating under public control, it is expedient——
  1. To authorise the payment out of moneys provided by Parliament of any expenses incurred by the Minister of Civil Aviation in making, to the undertakings mentioned in that behalf in the said Act, in respect of periods not later than the end of March, nineteen hundred and fifty-six, grants not exceeding in the aggregate eighty-four million pounds, and in making advances on account of any such grants.
  2. To authorise the payment out of moneys provided by Parliament of any sums which, by virtue of the provisions of the said Act or any instrument made there-under, are payable out of such moneys otherwise than in respect of grants to such undertakings as aforesaid and advances on account thereof.
  3. To charge on and issue out of the Consolidated Fund any sums required by the Treasury for fulfilling any guarantee given by them in pursuance of the said Act, subject to the limitation that the aggregate amount outstanding of the principal of the stock and loans in respect of which guarantees are so given does not at any time exceed thirty million pounds, 1188 except in so far as that limit is exceeded for the purpose of redeeming stock which may properly be redeemed or of paying off a loan.
  4. To charge on and issue out of the Consolidated Fund any additional sums required to be so charged and issued by reason of any provision of the said Act increasing the amounts in respect of which guarantees may be given under Section sixteen of the British Overseas Airways Act, 1939, subject to the limitation that the aggregate amount outstanding of the principal of the stock and loans in respect of which guarantees are so given does not at any time exceed fifty million pounds, except in so far as that limit is exceeded for the purpose of redeeming stock which may be properly redeemed or of paying off a loan.
  5. To authorise the payment into the Exchequer of any sums required to be so paid by, under or in consequence of the said Act of the present Session."

Resolution agreed to.