§ Considered in Committee under Standing Order No. 84 (Money Committees).—[Queen's Recommendation signified.]
§ [Sir GORDON TOUCHE in the Chair]
§
Resolved,
That, for the purposes of any Act of the present Session to increase the limits imposed by paragraph (b) of subsection (1) of section twenty-six of the Transport Act, 1953, and by subsection (4) of section one of the Transport (Railway Finances) Act, 1957, on the borrowing powers of the British Transport Commission, it is expedient to authorise—
(1) any increase in the sums which may be or are to be issued out of the Consolidated Fund, raised by borrowing or paid into the Exchequer under the Transport Act, 1947 (as amended by the Transport Act, 1953), in respect of guarantees by the Treasury of borrowings by the Commission, or under section forty-two of the Finance Act, 1956 (as amended by section thirty-six of the Finance Act, 1958), being an increase attributable to provisions of the said Act of the present Session raising to not more than twelve hundred million pounds the limit imposed by the said paragraph (b);
(2) any increase in the sums which may be or are to be issued, raised or paid as aforesaid under section two of the Transport
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(Railway Finances) Act, 1957, being an increase attributable to provisions of the said Act of the present Session raising to not more than four hundred million pounds the limit imposed by the said subsection (4). — [Mr. Watkinson.]
§ Resolution to be reported.
§ Report to be received upon Monday next.