§ Considered in Committee under Standing Order No. 84 (Money Committees).—[Queen's Recommendation signified.]
§ [Sir CHARLES MACANDREW in the Chair]
That, for the purposes of any Act of this Session to authorise Exchequer advances to building societies and make further provision for grants by and Exchequer contributions to local authorities towards the improvement of dwellings, it is expedient to authorize—
A. the issue out of the Consolidated Fund of such sums as may be required for the purpose of making to building societies advances not exceeding one hundred million pounds, the borrowing in any manner authorised under the National Loans Act, 1939, and payment into the Exchequer of any money needed for providing or repaying such sums, and the repayment into the Exchequer, with interest, of any such sums and their re-issue out of the Consolidated Fund;
B. the payment out of moneys provided by Parliament to local authorities making grants towards the cost of providing dwellings with certain amenities of such contributions as may become payable as a result of applying to such grants the provisions of the Housing (Financial Provisions) Act, 1958, or the Housing (Scotland) Acts, 1950 to 1957, relating to Exchequer contributions in respect of improvement grants;
C. the payment out of moneys provided by Parliament to a local authority executing works required for providing a dwelling with certain amenities of an annual contribution for twenty years of an amount equal to three- eighths of the loan charges referable to the cost of the works;
D. the payment out of moneys provided by Parliament of such increases in the moneys so payable under the enactments mentioned in paragraph B of this Resolution as are attributable—
E. the payment out of moneys provided by Parliament of any increase attributable to the said Act of this Session in the sums payable by way of Rate-deficiency Grant or Exchequer Penalization Grant under the enactments relating to local government in England and Wales or in Scotland;
F. the payment out of moneys provided by Parliament of any administrative expenses incurred by the Minister of Housing and Local Government or the Secretary of State under the said Act of this Session;
G. the payment into the Exchequer of any sum received by the said Minister or the Secretary of State from a local authority by virtue of the said Act of this Session.—[Mr. H. Brooke.]
§ Resolution to be reported.
§ Report to be received Tomorrow.