HC Deb 01 April 1963 vol 675 c99
Mr. Corfield

I beg to move, in page 126, line 40, at the end to insert: 23A. In sections 198 (1) and 213 (1), the references to sums borrowed as therein mentioned shall be construed as including references to sums borrowed by the Greater London Council under paragraph 250 of Schedule 2 to this Act. It would be convenient also to discuss the Amendment in line 45, at end insert: 24A. In section 218, in the definition of "sanctioning authority", after the word "means" there shall be inserted the words "in relation to the Greater London Council, the Treasury or, in relation to any other local authority".

The Deputy-Chairman (Sir Robert Grimston)

Very well.

Mr. Corfield

These Amendments are consequential on the Amendment in Schedule 2, page 112, line 36, which, as the Committee will recall, substituted for loan procedure the money Bill procedure at present practised by the London County Council. The effect of the Amendments is to apply the provisions of the 1933 Act, mentioned in the first Amendment, to the money Bill procedure in the same way as it applies under that Act to the loan sanction procedure. The effect of the second Amendment is to make the Treasury the sanctioning authority for determining the loan repayment period for the Greater London Council, which preserves the existing arrangement which the L.C.C. employs.

Amendment agreed to.

Further Amendment made: In line 45, at end insert: 24A. In section 218, in the definition of "sanctioning authority", after the word "means" there shall be inserted the words "in relation to the Greater London Council, the Treasury or, in relation to any other local authority".—[Mr. Corfield.]

Schedule, as amended, agreed to.