HC Deb 21 June 1971 vol 819 cc1146-7
Mr. Temple

I beg to move Amendment No. 1, in page 3, leave out lines 29 to 35, and insert: ' "existing harbour loans" means the loans secured by mortgages granted by the Board for moneys borrowed by it under section 33 (Further borrowing powers for works and conservancy purposes) of the Mersey Docks and Harbour Board Act 1966 before 27th November 1970 and includes the loans not so secured made after that date in pursuance of an agreement made before that date, all of which loans are specified in column (1) of Part IV of Schedule 2 to this Act;'.

Mr. Deputy Speaker

Order. I think that it would be for the convenience of the House if we discussed at the same time Amendments Nos. 2, 6, 12 to 21, 25, 26 and 27.

Mr. Temple

This series of Amendments follows exactly on the money Resolution, putting into effect the fact that the Government commitment to lend the Board £1.2 million before 27th November—the money was not actually paid over by the Government till after 27th November—will not rank as a "priority" borrowing. The promoters accept these proposals. I know that they will be for the benefit not only of the Board but of the bond holders as well. I trust that they will have the approval of the House.

Amendment agreed to.

Further Amendment made: No. 2, in page 4, line 7, leave out 'mortgage' and insert 'harbour'.—[Mr. Temple.]

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