HC Deb 24 April 1963 vol 676 c376

Resolution reported, That, for the purposes of any Act of the present Session to authorise the Board of Trade to make advances to Wiggins, Teape & Co. Limited in connection with the construction and equipment of pulp and paper mills in the neighbourhood of Fort William, and to make grants to that company in respect of interest on such advances, it is expedient to authorise the provision out of moneys provided by Parliament—

  1. (a) of sums not exceeding £10 million in all to be advanced to the Board of Trade to the said company by way of loan;
  2. (b) of sums not exceeding £1.3 million in all required by the Board of Trade for making grants to the said company in respect of the company's liability for interest accruing before 1st January, 1967, on sums advanced by way of loan under the said Act;
and the payment into the Exchequer of sums received by the Board of Trade by way of interest on or repayment of such advances by way of loan.

Resolution agreed to.