HC Deb 07 February 1984 vol 53 cc854-5

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the Co-operative Development Agency and Industrial Development Bill (`the Act'), it is expedient to authorise—

1. The payment out of money provided by Parliament of—

  1. (1) any increase attributable to the raising by the Act to £3,000,000 of the limit on the aggregate amount of grants that may be made to the Co-operative Development Agency ('the Agency') by the Secretary of State under section 4 of the Co-operative Development Agency Act 1978;
  2. (2) any sums required for defraying the liabilities of the Agency after its dissolution;
  3. (3) any sums required by the Secretary of State for making grants in respect of projects of investment in undertakings being projects—
    1. (a) which are approved by the Secretary of State;
    2. (b) whose purposes are to create new or expand existing productive capacity or to effect a change in the product or in the process of producing it; and
    3. (c) which are to provide assets or jobs in development areas.

2. The payment into the Consolidated Fund of—

  1. (1) any increase attributable to the Act in the sums payable into the Consolidated Fund under the said Act of 1978;
  2. (2) any sums received by the Secretary of State in consequence of the dissolution of the Agency:
  3. (3) any sums received by the Secretary of State under the provisions of the Act for the making of grants in respect of projects of investment falling within paragraph 1(3) above. —[Mr. Archie Hamilton.]