HC Deb 14 February 1972 vol 831 cc207-8
Queen's Recommendation having been signified—
That, for the purpose of any Act of the present Session to authorise the Secretary of State to enter into certain agreements relating to overseas enterprises, and in particular to investment overseas, and to amend the Export Guarantees Act 1968, it is expedient to authorise—
- (1) The payment out of money provided by Parliament or out of the Consolidated Fund of any expenses of the Secretary of State in connection with arrangements which concern investment overseas and which are for meeting non-commercial risks, so long as the aggregate of the liabilities of the Secretary of State under the arrangements does not exceed £750 million.
- (2) The payment out of money provided by Parliament of any expenses of the Secretary of State in connection with arrangements which are for meeting abortive exploratory expenditure connected with overseas enterprises.
- (3) Any increase in the sums which under section 9 of the Export Guarantees
Act 1968 are payable out of money provided by Parliament, or chargeable on and payable out of the Consolidated Fund, being an increase attributable to the amendment of section 4(1) of the said Act by increasing the limits on commitments under sections 1 and 2 of that Act to £6,200 million and £4,300 million respectively.
- (4) Any payment into the Consolidated Fund.—[Mr. Anthony Grant.]