§ The Economic Secretary to the Treasury (Mr. John Edwards)I beg to move, in page 1, to leave out lines 13 and 14, and to insert:
Provided that the total amount outstanding in respect of credit granted by the Government of the United Kingdom to the European Payments Union in pursuance of the said Agreement shall not at any time exceed two hundred and twenty-eight million pounds or such larger amount as may be authorised by an order of the Treasury a draft of which has been laid before the Commons House of Parliament and approved by resolution of that House.The power to make orders under this section shall be exercisable by statutory instrument.This Amendment gives complete effect to the undertaking I gave to the Committee on Tuesday. Perhaps I may point out also that by applying the Statutory Instrument procedure we are ensuring that whatever may be subsequently proposed will be accessible in a printed published order. I do not think I need say any more.
§ Mr. Oliver Lyttelton (Aldershot)We are all very grateful to the Economic Secretary to the Treasury for meeting the points we raised which I agree are met by the words of the Amendment.
Amendment agreed to.
Clause, as amended, ordered to stand part of the Bill.
Bill reported, with an Amendment; as amended (in Committee and on re-committal) considered; read the Third time, and passed.