§ Queen's Recommendation having been signified,—
§ Resolved,
That, for the purposes of any Act of the present Session to raise the limits on the liabilities which may be undertaken by the Board of Trade in respect of guarantees under sections 1 and 2 of the Export Guarantees Act 1949 and certain other transactions under the Export Guarantees Acts 1949 to 1964, it is expedient to authorise any increase in the sums which, under section 3 or section 4 of the said Act of 1949, are to be or may be paid out of moneys provided by Parliament, charged on or issued out of the Consolidated Fund, raised by borrowing or paid into the Exchequer, being an increase attributable to provisions of the said Act of the present Session—
- (a) raising to £2,400 million the limit imposed by the said section 1, as amended, in respect of guarantees under that section and related transactions;
- (b) raising to £1,500 million the limit imposed by the said section 2, as amended, in respect of guarantees under that section and related transactions.—[Mr. Darling.]