HC Deb 07 July 1976 vol 914 cc1546-7

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act of the present Session to establish a Development Board for Rural Wales to confer power on the Secretary of State to pay housing and rent rebate subsidies to the Board, to make provision in relation to certain other bodies concerned with the development of Wales, to confer power on the Secretary of State to give financial assistance to bodies concerned with the social development of Wales and for purposes connected with those purposes, it is expedient to authorize— (1) subject to the authorised limit—

  1. (a) the payment out of money provided by Parliament of sums required by the Secretary of State for making payments to the Board under the said Act other than payments of any subsidy falling within paragraph (2) below;
  2. (b) the payment out of the National Loans Fund of sums required for making loans to the Board;
  3. (c) the payment out of the Consolidated Fund of sums required for fulfilling any guarantee given by the Treasury in respect of sums borrowed by the Board otherwise than from the Secretary of State;
and in this paragraph 'the authorised limit' means the limit of £40 million imposed by the said Act on the aggregate amount outstanding (otherwise than by way of interest) in respect of—
  1. (i) sums (other than such subsidies) paid to the Board under the said Act by the Secretary of State;
  2. (ii) sums borrowed by the Board; and
    3. 1547
  3. (iii) sums issued by the Treasury in fulfilment of guarantees in respect of sums borrowed by the Board otherwise than from the Secretary of State;
(2) the payment out of money provided by Parliament of any subsidy payable under the said Act to the Board in respect of—
  1. (a) housing provided by the Board; or
  2. (b) rebates from rent granted by the Board;
 (3) the payment out of money provided by Parliament of any expenses of the Secretary of State in making to any person other than the Board any grant, loan, compensation or other payment under any provision of the said Act; (4) the payment out of money provided by Parliament of any expenses of any Minister under any provision of the said Act; and (5) any increase attributable to the said Act in the sums payable out of money provided by Parliament under any other Act. And that it is expedient to authorise any payment into the Consolidated Fund or the National Loans Fund under the said Act.—[Mr. Coleman.]