§ Queen's Recommendation having been signified—
§ Resolved,
§ That, for the purposes of any Act of the present Session to increase the statutory limits imposed on the amounts outstanding in respect of borrowing by the Gas Council and Area Gas Boards; to provide for the borrowing by the Electricity Council, the Scottish Electricity Boards and the Gas Council of money in foreign currency, and for other purposes, it is expedient to authorise—
- (1) such increases in the sums falling to be paid out of or into the National Loans Fund or the Consolidated Fund as may result from provisions of the said Act of the present Session—
- (a) increasing to £2,400 million the limit imposed on the aggregate amount out-
662 standing in respect of borrowings by the Gas Council or Area Gas Boards; or - (b) consequentially, increasing the sums that may be advanced to the Gas Council under section 2 of the Electricity and Gas Act 1963;
- (2) the payment out of the Consolidated Fund of any sums required to fulfil any guarantee by the Treasury of the principal of and interest on securities issued by the Electricity Council, the North of Scotland Hydro-Electric Board, the South of Scotland Electricity Board or the Gas Council by virtue of any provision of the said Act of the present Session authorising the borrowing of foreign currency by the issue of securities;
- (3) the payment into the Consolidated Fund of sums repaid to the Treasury by virtue of any provision of the said Act of the present Session in respect of sums falling within the last foregoing paragraph.—[Mr. Freeson.]
§ HOUSING (FINANCIAL PROVISIONS) (SCOTLAND) BILL [Lords]
§ Read a Second time.
§ Bill committed to a Committee of the whole House.—[Mr. Gourlay.]
§ Committee Tomorrow.