HC Deb 28 November 1967 vol 755 cc397-8

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act of the present Session to make further provision with respect to borrowing by and grants to the National Coal Board, it is expedient to authorise:—

  1. (1) any such increase in the sums which by or under any enactment are to be or may be issued out of the Consolidated Fund, raised by borrowing or paid into the Exchequer as results from any provision of the said Act raising the limit on the sums borrowed or deemed to be borrowed by the Board, subject to the limitation that the aggregate amount outstanding in respect of the principal of all sums so borrowed or deemed to be so borrowed shall not at any time exceed £950,000,000;
  2. (2) the payment out of moneys provided by Parliament of—
    1. (a) any such increase in the grants which may be so paid under section 3 of the Coal Industry Act 1965 as results from any provision of the said Act of the present Session raising the limit on those grants to £45,000,000 for the four financial years ending with 27th March 1971;
    2. (b) sums paid to employed persons made redundant by the closure of coal mines, the reduction in the number of persons employed thereat or the consequent reduction in ancillary services and facilities;
    3. (c) any expenses incurred by the Minister of Power in the administration of any scheme for the payment of sums mentioned in sub-paragraph (b) above;
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    4. (d) payments to the Board reimbursing contributions made by them in respect of retirement benefits to or in respect of such persons;
    5. (e) payments, not exceeding in the aggregate £8,000,000, reimbursing losses incurred by the Board in consequence of deferring the closure of coal mines;
    6. (f) payments, not exceeding in the aggregate £45,000,000, reimbursing electricity and gas undertakings the additional cost of using coal instead of another fuel for generating electricity or producing gas.—[Mr. Marsh.]