HC Deb 07 November 1969 vol 790 cc1336-7

Queen's Recommendation having been signified

Resolved,

That, for the purposes of any Act of the present Session to amend the law with respect to the Bankruptcy Estates Account and the Companies Liquidation Account and the investment of balances therein, and with respect to the fixing and disposal of fees in bankruptcy and winding-up proceedings, it is expedient to authorise—

  1. (1) the issue out of the Consolidated Fund of—
    1. (a) any sums by which in any year the gross amount of the interest accrued 1337 from the securities standing to the credit of any Account established under that Act is less than a sum determined by the Treasury to provide against the depreciation in the value of those securities plus the sums payable out of that Account in respect of interest due under section 362(4) of the Companies Act 1948 ; and
    2. (b) any sums that may be required as a result of the insufficiency of that Account, the Bankruptcy Estates Account or the Companies Liquidation Account to meet its liabilities ; and
  2. (2) the payment of any sums into the Consolicated Fund.—[Mr. Harper.]