HC Deb 28 March 1960 vol 620 c1033

Resolution repotted,

That, for the purposes of any Act of the present Session to increase the amount which may be borrowed by the Gas Council and Area Boards under the Gas Act, 1948, and to amend that Act with respect to the expenses of the Minister in connection with the testing of gas for compliance with standards prescribed under that Act, it is expedient to authorise such increases in the sums which by or under any enactment are to be or may be charged on or issued out of the Consolidated Fund raised by borrowing, or paid into the Exchequer as may result from provisions of the said Act for increasing up to five hundred and twenty-five million pounds, in the case of borrowings before the end of March, nineteen hundred and sixty-six, the limit imposed by subsection (3) of Section forty-two of the Gas Act, 1948, upon the aggregate amount outstanding in respect of borrowings by the Gas Council and Area Boards.

Resolution agreed to.

Forward to