HC Deb 01 February 1972 vol 830 c380

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 borrowings by the Electricity Council and Electricity Boards, and to authorise contributions by the Secretary of State to expenditure intended to promote employment it is expedient to authorize—

  1. (a) any increase in sums falling to be paid into or out of the National Loans Fund or the Consolidated Fund under section 2 of the Electricity and Gas Act 1963, or any other enactment, attributable to provisions—
    1. (i) increasing to £6,500 million the limit imposed by section 15(5) of the Electricity Act 1957 on the amounts outstanding in respect of borrowings by electricity authorities in England and Wales,
    2. (ii) increasing to £1,200 million the limit imposed by section 47(7) of the Electricity Act 1947 on the aggregate amount outstanding in respect of borrowings by electricity authorities in Scotland,
  2. (b) the payment out of moneys provided by Parliament of sums not exceeding £25 million to be applied as contributions to expenses incurred by electricity authorities in connection with agreements entered into with the Secretary of State to promote employment. —[Sir J. Eden.]