§ Resolution reported:
§ "That it is expedient—
§ (a) to authorise the Treasury, during the five years ending on the thirty-first day of March, nineteen hundred and fifty-five, to issue out of the Consolidated Fund sums not exceeding in the aggregate forty million pounds, to be applied as appropriations in aid of moneys provided by Parliament for those years for the provision of approved housing accommodation in Great Britain for married persons serving in, or employed in 645 connection with, the armed forces of the Crown, being accommodation the cost of the provision of which would otherwise fall to be defrayed out of moneys provided by Parliament for the defence services:
§ Provided that the amount so issued for any year to defray Navy, Army or Air Force expenditure in respect of the provision of approved housing accommodation in Great Britain for persons serving in, or employed in connection with, the Royal Navy or Royal Marines, the Army or the Air Force, as the case may be, shall not at any date exceed the aggregate of the amounts proposed to be so issued to defray that expenditure by the estimates upon which this House has, before that date, resolved to grant sums to His Majesty to defray that expenditure for that year;
§ (b) to authorise the Treasury, for the purpose of providing sums (or any part of sums) to be issued as mentioned in the foregoing paragraph, or of providing for the replacement of all or any part of sums so issued, to raise money in any manner in which they are authorised to raise money under the National Loans Act, 1939, and to provide that any securities created and issued accordingly shall be deemed for all purposes to have been created and issued under that Act;
§ (c) to provide for the repayment to the Exchequer, out of moneys provided by Parliament for the defence services, of the sums issued as aforesaid, together with interest thereon;
§ (d) to provide for the issue out of the Consolidated Fund of sums paid into the Exchequer under the last foregoing paragraph and the application of sums so issued 646 in redemption or repayment of debt, or, in so far as they represent interest, in payment of interest otherwise payable out of the permanent annual charge for the National Debt.
§ For the purpose of this Resolution the expression 'approved' means approved by the Treasury, and the expression ' the defence services' means the Navy, Army and Air services."
§ Resolution agreed to.
§ Bill ordered to be brought in upon the said Resolution by the Chairman of Ways and Means, Mr. A. V. Alexander, Mr. Shinwell, Mr. Arthur Henderson, Mr. Glenvil Hall, and Mr. Walter Edwards.