HC Deb 29 June 1950 vol 476 c2488

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

[Major MILNER in the Chair]

Resolved: That, for the purposes of any Act of the present Session to amend the Cinematograph Film Production (Special Loans) Act, 1949, as respects the permitted maximum aggregate amount of principal outstanding in respect of advances made by the Board of Trade to the National Film Finance Corporation, it is expedient to authorise—

  1. (a) any increase attributable to the new Act increasing from five to six million pounds the limit on outstanding loans by the Board of Trade to the National Film Finance Corporation, being an increase in the sums which are by virtue of the said Act of 1949—
  1. (i) to be issued out of the Consolidated Fund; or
  2. (ii) to be raised under the National Loans Act, 1939; or
  3. (iii) to be paid into the Exchequer and issued out and applied, in so far as they represent principal in redemption or repayment of debt, and in so far as they represent interest in payment of interest otherwise falling to be paid out of the permanent annual charge for the National Debt; and
  1. (b) in the case of the dissolution of the Corporation, the cancellation by virtue of the said Act of 1949 of the whole or any part of any liability of the said Corporation to the Board of Trade which is attributable to the passing of the new Act."—[Mr. Harold Wilson.]

Resolution to be reported upon Monday next.