HC Deb 19 November 1956 vol 560 c1436

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

[Sir CHARLES MACANDRHW in the Chair]

Resolved, That, for the purposes of any Act of the present Session to increase the borrowing powers of the British Overseas Airways Corporation and the British European Airways Corporation, it is expedient to authorise such increases—

  1. (a) in the sums issued out of the Consolidated Fund under section ten of the Air Corporations Act, 1949, being sums required by the Treasury for fulfilling guarantees given under that section,
  2. (b) in the sums paid into the Exchequer under that section, being sums received by way of repayment of any sums so issued, or by way of interest thereon, as may be attributable to provisions of the said Act of the present Session—
    1. (i) raising the limit on money borrowed by the British Overseas Airways Corporation from eighty million pounds to one hundred and sixty million pounds and the limit on money borrowed by the British European Airways Corporation from thirty-five million pounds to sixty million pounds; or
    2. (ii) authorising the Treasury to guarantee the payment of charges other than interest in respect of sums borrowed by the British Overseas Airways Corporation under the said Act of the present Session.—[Mr. Watkinson.]

Resolution to be reported Tomorrow.