§ [Queen s Recommendation signified]
§ Considered in Committee under Standing Order No. 88 (Money Committees).
§ [Sir ROBERT GRIMSTON in the Chair]
§ Resolved,
§ That, for the purposes of any Act of this Session to extend the powers of the British Overseas Airways Corporation and the British European Airways Corporation to borrow from the Minister of Aviation, It is expedient to authorise such increases in the sums which, under section 3 of the Air Corporations Act 1962, may be issued out of the Consolidated Fund as may be attributable to provisions of the said Act of this Session—
- (a) increasing to £125 million the amount of the accumulated deficit on revenue account of the British Overseas Airways Corporation that may be financed by means of sums borrowed from the said Minister;
- (b) substituting the end of March 1966 for the end of March 1964 as the point of time before which any accumulated deficit on revenue account of either Corporation that may be financed as aforesaid must have accrued.—[Mr. J. Amery.]
§ Resolution to he reported.
§ Report to be received Tomorrow.