HC Deb 28 October 1954 vol 531 cc2263-4

Resolution reported, That, for the purposes of any Act of the present Session to provide for the transfer to a statutory corporation constituted under the law of Tanganyika of the undertaking of the Overseas Food Corporation, and the dissolution of the last-mentioned Corporation; for the provision of funds under the Colonial Development and Welfare Act, 1940, in connection with the carrying on of the said undertaking; for the conclusion of fresh arrangements as to the obligations and rights of the last-mentioned Corporation in connection with the Southern Province port and railway; for the remission of interest on certain advances made under the Overseas Resources Development Act, 1948, to the Colonial Development Corporation; and for purposes connected with the matters aforesaid, it is expedient to authorise—

  1. (a) the payment out of moneys provided by Parliament of any increase (not exceeding one million, seven hundred thousand pounds) in the sums payable out of such moneys under the Colonial Development and Welfare Acts, 1940 to 1950, which may be attributable to provisions of the said Act of the present Session amending those Acts in relation to any scheme for providing funds required by the Tanganyika Agricultural Corporation;
  2. (b) the payment into the Exchequer of any sums directed by the said Act of the present Session to be so paid;
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  4. (c) the remission of any obligation of the Colonial Development Corporation to make payments under section thirteen of the Overseas Resources Development Act. 1948, in respect of interest on such part of the sums advanced to that Corporation under that Act as may be equivalent to net losses incurred for the purposes of any undertaking of the Corporation which has been or may be abandoned.

Resolution agreed to.