HC Deb 28 May 1968 vol 765 c1484


Amendments made: No. 72, in page 21, line 44, at end insert:

  1. (a) the council shall ensure so far as it is reasonably practicable to do so that having regard to all the circumstances existing at the time when the loan to the Executive is made the rate of interest agreed with the Executive is such that no loss is incurrd by the council in respect of that loan to the Executive;
  2. (b)

No. 73, in page 22, line 2, at end insert: (5) All moneys borrowed by the Executive shall be charged indifferently on all their revenues, and all securities created by the Executive shall rank equally without any priority; but nothing in this subsection shall—

  1. (a)apply to any money borrowed by way of temporary loan without security; or
  2. (b)affect any right to priority conferred by a security for any liability assumed by or transferred to the Executive in pursuance of this Act.—[Mr. Swingler.]

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