HC Deb 05 February 1959 vol 599 cc723-5

Resolution reported, That, for the purposes of any Act of the present Session to make, as respects England and Wales, new provision in place of section fifteen of the New Towns Act, 1946, as to the disposal of the undertakings of development corporations and other matters arising when a development corporation has achieved or substantially achieved the purposes for which it is established, and to amend the law relating to development corporations in other respects, it is expedient to authorise the making of provision for the financial purposes mentioned below, that is to say,— 1. As regards the disposal of undertakings of development corporations and related matters, provision may be made—

  1. (a) for defraying out of moneys provided by Parliament any charges for the remuneration, pensions or other benefits payable for a person's service on any new Commission established to take over assets and liabilities of development corporations;
    2. 724
  2. (b) for making to any such Commission out of the Consolidated Fund advances for capital purposes or to meet revenue deficits, but so that—
    1. (i) the advances made for capital purposes (except in respect of liabilities originally incurred by development corporations) shall be subject to a limit of five million pounds on the amount for the time being outstanding; and
    2. (ii) the advances made to meet revenue deficits shall not exceed one million pounds;
    and for raising the amounts of those advances by borrowing, and for the payment into the Exchequer, and application in reducing debt or meeting interest charges on debt, of repayments of principal and payments of interest in respect of those advances;
  3. (c) for requiring surpluses arising to any such Commission to be paid into the Exchequer, and treated in whole or in part as repayments of such advances as aforesaid;
  4. (d) for the making to any such Commission out of moneys provided by Parliament of such payments in connection with housing activities of the Commission as correspond to those payable to development corporations under the Housing (Financial Provisions) Act, 1958, together with certain additional payments (not exceeding eight pounds for any one year in respect of any one dwelling), for the transfer of those payments in certain circumstances to local authorities, and for the recovery from local authorities and payments into the Exchequer of part of any such additional payments;
  5. (e) for the continuation after the transfer to any such Commission of a development corporation's property of all such payments as might but for the transfer be made in connection with housing activities of the corporation or otherwise to or by the corporation, the Minister of Housing and Local Government or any local authority, but with the Commission replacing the corporation, and for the Minister's payments to be made out of moneys provided by Parliament and his receipts to be paid into the Exchequer;
  6. (f) for the payment out of moneys provided by Parliament of any administrative expenses of that Minister;
  7. (g) for the payment out of moneys provided by Parliament of any increase in the sums payable by way of rate-deficiency grant or Exchequer equalisation grant under the enactments relating to local government in England and Wales or in Scotland, being an increase attributable—
    1. (i) to any expenditure of local authorities in respect of payments under the provisions authorised by paragraphs (d) and (e) above; or
    2. (ii) to any expenditure of local authorities under provisions relating to sewerage or sewage disposal undertakings 725 carried on for the purposes of new towns developed under the New Towns Act, 1946;
2. As regards other amendments of the law relating to development corporations, provision may be made—
  1. (a) for increasing to four hundred million pounds the aggregate amount of the advances which may be made to development corporations under subsection (1) of section twelve of the New Towns Act, 1946; and
  2. (b) for authorising the making by development corporations of contributions towards the provision of amenities for the new towns, and the consequent increase in their expenditure in respect of which advances may be made to them under subsection (1) of the said section twelve or grants may be made to them out of moneys provided by Parliament under subsection (2) of that section.

Resolution agreed to.

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