HC Deb 14 November 1952 vol 507 c1359

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

[Mr. HOPKIN MORRIS in the Chair]

Resolved. That, for the purposes of any Act of the present Session to amend the Colonial Loans Act, 1949, it is expedient to authorise the charge on and issue out of the Consolidated Fund, and the payment into the Exchequer, of any additional sums required to be so charged and issued or, as the case may be, so paid under the said Act of 1949 by reason of any provision of the said Act of the present Session—

  1. (a) enabling the Treasury to guarantee under the said Act of 1949 any loan made to a Government constituted for two or more colonial territories or to an authority established for the purpose of providing or administering common services for two or more such territories;
  2. (b) increasing the aggregate amount of the principal of the loans to be guaranteed by the Treasury under the said Act of 1949 from the equivalent of £50 million to the equivalent of £100 million;
  3. (c) relaxing any requirement of the said Act of 1949 as to the establishment and regulation of sinking funds for the repayment of loans to be guaranteed under that Act;
  4. (d) extending the definition of "colonial territory" in the said Act of 1949.—[Mr. Lyttelton.]

Resolution to be reported upon Monday next.