HC Deb 17 February 1948 vol 447 cc1119-20

Resolution reported: That, for the purposes of any Act of the present Session to provide, amongst other things, for the establishment of Area Gas Boards and a Gas Council and for the exercise and performance by those Boards and that Council of functions relating to the supply of gas it is expedient to authorise—

  1. (a) the payment out of the Consolidated Fund of such sums as may be required to fulfil any guarantee by the Treasury of the principal of and interest on stock issued by the said Council or the principal of and interest on moneys temporarily borrowed by the said Council or any Area Gas Board so, however, that the amounts outstanding in respect of the principal of the stock so issued, otherwise than for the purpose of paying compensation under the said Act, and in respect of any moneys temporarily borrowed as aforesaid do not at any time exceed the sum of two hundred and fifty million pounds, excluding amounts outstanding in respect of stock issued or moneys temporarily borrowed for the purpose of redeeming stock or repaying moneys temporarily borrowed;
  2. (b) the payment out of moneys provided by Parliament of—
    1. (i) remuneration and allowances to, and expenses of, stockholders' representatives appointed under the said Act;
    2. (ii) remuneration and allowances to any auditor appointed under the said Act in connection with the final payment of dividends and interest to holders of securities of gas undertakers;
    3. (iii) remuneration and allowances to, and pensions to or in respect of, persons appointed under the said Act to examine gas meters or to test gas;
    4. (iv) compensation in respect of the vesting in the Minister under the said Art of apparatus and equipment used for examining and stamping gas meters;
    5. (iv) tees and allowances to any referee or board of referees appointed under the 1120 said Act to decide questions relating to pension rights or compensation of or in respect of officers, and allowances to witnesses appearing before any referee or board;
    6. (vi) remuneration and allowances to members and officers of the arbitration tribunal appointed under the said Act and to persons to whom proceedings are referred by that tribunal, and any other expenses of that tribunal;
    7. (vii) the administrative expenses incurred under the said Act by any Minister of the Crown or Government Department;
  3. (c) the payment into the Exchequer of—
    1. (i) any moneys standing on the vesting date under the said Act to the credit of the gas fund established under the Gas Regulation Act, 1920;
    2. (ii) any sums received under or by virtue of the said first-mentioned Act by any Minister of the Crown or Government Department."