§ Mr. Callaghan
The Finance Bill will include a Clause increasing from £40 million to £70 million the limit on advances from the United Kingdom Consolidated Fund to the Northern Ireland Exchequer. These funds are made available to finance loans to various public bodies in Northern Ireland, especially local authorities and the Electricity Board of Northern Ireland. In part, this measure corresponds to the facilities for financing local authorities in Great Britain, but in addition it reflects the plans for economic development in Northern Ireland. A Procedure Resolution and a Financial Resolution will be moved in connection with this clause.