HC Deb 15 July 1949 vol 467 c924

Considered in Committee under Standing Order No. 84. (Money Committees).—[King's Recommendation signified.]

[Mr. BOWLES in the Chair.]

Resolved, That, for the purposes of any Act of the present Session (hereinafter referred to as the new Act') to empower the Treasury, under section twelve of the Overseas Resources Development Act, 1948 (hereinafter referred to as "the Act of 1948"), to guarantee certain other charges as well as interest, it is expedient to authorise—

  1. (a) the issue out of the Consolidated Fund of any increase attributable to guarantees authorised by the new Act in the sums issuable out of that Fund under the Act of 1948;
  2. (b) the raising under the National Loans Act, 1939, of any money required for providing or replacing sums authorised to be issued out of the Consolidated Fund by paragraph (a) of this Resolution;
  3. (c) the payment into the Exchequer of receipts of a Minister under section thirteen of the Act of 1948 in respect of guarantees authorised by the new Act;
  4. (d) the issue out of the Consolidated Fund of the said receipts and their application in accordance with the provisions of section eighteen of the Act of 1948."—[Mr. Ede.]

Resolution to be reported upon Monday next.