HC Deb 12 May 1976 vol 911 c613

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act of this Session to increase the statutory limits on the amounts outstanding in respect of borrowings by the Scottish Electricity Boards, and to make provision for compensating the North of Scotland Hydro-Electric Board for deficits incurred or to be incurred by that Board in supplying electricity to the British Aluminium Company Limited for the operation of that Company's aluminium reduction plant at Invergordon, it is expedient to authorize—

  1. (1) such increases in the sums which by or under section 47(7) of the Electricity Act 1947 are to be or may be charged on or issued out of or paid into the Consolidated Fund, or the National Loans Fund, as may result from provisions of the said Act of this Session increasing to £1,950 million the aggregate limit imposed by that section on the amounts outstanding in respect of borrowings by the North of Scotland Hydro-Electric Board and the South of Scotland Electricity Board;
  2. (2) the payment out of moneys provided by Parliament of expenses of the Secretary of State incurred under the said Act in compensating the North of Scotland Hydro-Electric Board for deficits incurred or to be incurred by that Board in supplying electricity to the British Aluminium Company Limited for the operation of that Company's aluminium reduction plant at Invergordon and for the payment into the Consolidated Fund of sums recovered under the said Act in connection with that purpose by the Secretary of State. —[Mr. Thomas Cox.]