HC Deb 24 April 1969 vol 782 c794

Queen's Recomendation having been signified—

Resolved, That, for the purposes of any Act of the present Session to raise the limits on borrowings by and advances to the Commonwealth Development Corporation and to extend the area of operation of the Corporation, it is expedient to authorise any such increase in the sums falling to be paid out of or into the Consolidated Fund or remitted in pursuance of the Overseas Resources Development Act 1959 or paid out of money provided by Parliament in pursuance of section 10(3) of the National Loans Act 1968 as is attributable to provisions of the said Act of the present Session—

  1. (a) increasing to not more than £260 million the amount which may be outstanding at any time on sums borrowed by the Corporation otherwise than temporarily;
  2. (b) increasing to not more than £240 million the amount which may be outstanding at any time by way of advances made to the Corporation by the Minister of Overseas Development;
  3. (c) applying the said Act of 1959 to additional countries and territories.—[Mr. Harper.]

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