HC Deb 26 April 1976 vol 910 c112

Queen's Recommendation having been signified—

Resolved, That it is expendient to authorise all such increased payments—

  1. (a) out of the National Loans Fund, the Consolidated Fund and money provided by Parliament, and
  2. (b) into the National Loans Fund and the Consolidated Fund,
as may result from any Act of the present Session increasing from£2,000 million to£3,000 million, or such greater sum not exceeding£4,000 million as the Secretary of State may by order specify, the sum specified in section 19 of the Iron and Steel Act 1975 as the aggregate of the amount which the British Steel Corporation and the publicly-owned companies may borrow and the amount which the Secretary of State may under section 18 of the latter Act pay to the Corporation.—[Mr. Kaufman.]