§ Queen's Recommendation having been signified—
§
Resolved,
That, for the purposes of any Act of the present Session to establish a Development Commission in place of the Commissioners appointed under the Development and Road Improvement Funds Act 1909, to authorise the making of grants by the Secretary of State to bodies promoting industrial or commercial development in areas in England, to extinguish liability in respect of certain guarantees given under the Colonial Loans Act 1949, to amend certain enactments authorising the Treasury to give guarantees, to extend the power of the Crown Estates Commissioners to grant leases, to make provision for the redemption of certain annuities and allowances which have been payable out of public funds since before 1874, and to amend section 173A of the Local Government Act 1972, it is expedient to authorize—
- (1) the payment out of money provided by Parliament of sums required to enable the Secretary of State to make grants—
- (a) the Development Commission, and
- (b) bodies promoting industrial or commercial development in areas in England;
- (2) the extinguishing of liability to make payments in consequence of the fulfilment of guarantees given under the Colonial Loans Act 1949 in respect of certain loans made to the Colony of Southern Rhodesia and the Federation of Rhodesia and Nyasaland;
- (3) The payment out of the Consolidated Fund of —
- (a) any sums paid in redemption of certain payments charged on the Consolidated Fund or payable out of money provided by Parliament; and
- (b) any increase in sums payable out of that Fund which is attributable to any provision of the said Act of the present Session extending the power of the Treasury to give guarantees under any other Act;
- (4) the payment of any sums into the Consolidated Fund.—[Mr. Mather.]