HC Deb 10 July 1952 vol 503 c1646

Resolution reported, That, for the purposes of any Act of the present Session to make provision for authorising the Minister of Transport to undertake the insurance of ships, aircraft and certain other goods against war risks and, in certain circumstances, other risks, it is expedient to authorize—

  1. (a) the payment into the Exchequer of the amount by which the sum standing at any time to the credit of the fund established under the said Act exceeds the sum which, in the opinion of the Minister of Transport and the Treasury, is likely to be required for the making of payments out of that fund; and
  2. (b) the issue out of the Consolidated Fund of the amount of any sum so paid into the Exchequer and the application of that amount in redeeming or paying off debt;
and to authorise the Treasury to raise money and issue securities for the purpose of providing for the issue of sums out of the Consolidated Fund to make good any deficiency in the fund established under the said Act.

Resolution agreed to.