HC Deb 11 May 1978 vol 949 c1546

Queen's Recommendation having been signified—

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

  1. (a) out of the National Loans Fund, the Consolidated Fund and moneys 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 to £4,750 million, or such greater sum not exceeding £5,500 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 Act of 1975 pay to the Corporation.—[Mr. Harper.]