HC Deb 10 November 1955 vol 545 cc2099-100

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

[Sir RHYS HOPKIN MORRIS in the Chair.]

Resolved, That, for the purposes of any Act of the present Session to provide for the establishment of a Sugar Board, and to make further provision as respects the British Sugar Corporation Limited, and for other related purposes, it is expedient to authorise—

  1. (a) the issue out of the Consolidated Fund of sums required to enable advances to be paid under the said Act to the Sugar Board established thereunder, being either—
    1. (i) advances, of which the principal amount outstanding at any time shall not exceed twenty-five million pounds, for meeting outgoings of the said Board, or
    2. (ii) advances, of which the principal amount outstanding at any time shall not exceed thirty million pounds, for enabling the said Board to make advances to the British Sugar Corporation Limited;
  2. (b) the issue out of the Consolidated Fund of sums paid into the Exchequer under the said Act, being repayments of, or interest on, sums advanced thereunder to the said Board, and the application of those sums in redeeming or repaying debt or (in so far as they represent interest) towards meeting such part of the annual charges for the National Debt as represents interest;
  3. (c) the issue out of the Consolidated Fund of sums required by the Treasury under the said Act for fulfilling guarantees in respect of debentures issued by the said Corporation of an aggregate principal amount not exceeding an amount sufficient to raise fifteen million pounds;
  4. (d) the payment out of moneys provided by Parliament of any administrative expenses 2100 under the said Act of the Minister of Agriculture, Fisheries and Food or the Commissioners of Customs and Excise, or of any other Minister of the Crown or Government department.—[Mr. Amory.]

Resolution to be reported upon Monday next.