§ Queen's Recommendation having been signified—
§
Resolved,
That, for the purposes of any Act of this Session to modify the functions of the British Steel Corporation and to make further provision with respect to the finances of the Corporation and the publicly-owned companies, it is expedient to authorise the extinguishment of the Corporation's liability in respect of long-term loans made to the Corporation by the Secretary of State.— [Lord James Douglas-Hamilton.]