HC Deb 27 June 1973 vol 858 c1691
1691
§
Queen's Recommendation having been signified—
§
Resolved,
That for the purposes of any Act of the present Session to enable certain services of the Crown to be financed by means of trading funds established in pursuance of orders made by the responsible Minister with Treasury concurrence, and for other purposes, it is expedient to authorise—
- (a) the issue out of the National Loans Fund, by way of loan, of sums required for the operations of any Crown service which are to be financed by means of a trading fund arising from the appropriabut so that—
- (i) there is to be a limit on the amount by which the total indebtedness of a trading fund so established to the National Loans Fund may at any one time exceed the original debt of the trading fund arising from the appropriation to it of Crown assets and liabilities; and
- (ii) the aggregate of these limits in force in respect of all trading funds established under the Act is not to exceed £250 million at any one time;
- (b) the charge on, and issue out of, the Consolidated Fund of sums due from the Treasury as payment for coin withdrawn from circulation, if a trading fund is established for the Mint; and
- (c) all such payments into the Consolidated Fund or the National Loans Fund as may result from provisions of the said Act of the present Session or orders under it.— [Mr. Nott]