HC Deb 21 March 1983 vol 39 c674

Queen's Recommendation having been signified—

Motion made, and Question

That, for the purpose of any Act of the present Session relating to finance, it is expedient to authorize—

  1. (a) any increase in the sums to be issued out of the National Loans Fund with recourse to the Consolidated Fund which is attributable to any provision of that Act enabling the Treasury to pay supplements in respect of sums borrowed on terms set out in the prospectus for Save As You Earn Savings Contracts (Third Issue) or in the prospectus for Index-Linked National Savings Certificates Retirement Issue;
  2. (b) provision for suspending payments by way of repayment of or interest on sums—
    1. (i) falling within section 60(a) of the New Towns Act 1981 or borrowed by the Development Board for Rural Wales under Section 9(2)(a) of the Development of Rural Wales Act 1976 for the purposes of the Board's function in respect of the development of new towns;
    2. (ii) specified by the Treasury; and
    3. (iii) not exceeding in aggregate £1,250 million; and for suspending the accrual of interest in respect of such sums.—[Sir Geoffrey Howe.]

put forthwith pursuant to Standing Order No. 94 (Ways and Means motions), and agreed to.

Bill ordered to be brought in upon the foregoing resolutions by the Chairman of Ways and Means, the Chancellor of the Exchequer, Mr. Leon Brittan, Mr. Nicholas Ridley, Mr. Jock Bruce-Gardyne, Mr. John Wakeham and Mr. Barney Hayhoe.

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