HC Deb 16 January 1984 vol 52 cc115-6

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the Ordnance Factories and Military Services Bill ("the Act"), it is expedient to authorise—

(1) the payment out of money provided by Parliament of—

  1. (a) any expenses incurred by the Secretary of State in consequence of a scheme made under the Act;
  2. (b) any expenses incurred by the Secretary of State in acquiring, in accordance with the Act, securities of any company or rights to subscribe for them;
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  3. (c) any expenses incurred by the Treasury in consequence of a person nominated by the Treasury acquiring, in accordance with the Act, securities of any company or rights to subscribe for them;
  4. (d) any sums required by the Secretary of State for discharging any liability imposed on him by the Act;
  5. (e) any sums required by the Secretary of State in connection with the exercise by him of any functions of his which arise from his holding of shares in International Military Services Limited;
  6. (f) any sums required by the Secretary of State in consequence of arrangements (whenever made) for the provision by him of financial support for that company, but so that the aggregate outstanding at any time in respect of sums paid and commitments made (at any time) under such arrangements may not exceed £50 million or such greater sum not exceeding £100 million as the Secretary of State may specify by order made with the Treasury's consent;
  7. (g) any expenses incurred by the Secretary of State in paying compensation, in accordance with the Act, to any person the value of whose property or interest is diminished;
  8. (h) any administrative expenses incurred by any Minister of the Crown or government department in consequence of the Act;
  9. (i) any increase attributable to the Act in the sums payable out of money provided by Parliament under any other enactment;

(2) the extinguishment by order of all or any liabilities subsisting in respect of—

  1. (a) public dividend capital designated under section 2(2) of the Government Trading Funds Act 1973 in respect of the fund established for the Royal Ordnance Factories under that Act, or
  2. (b) the principal of any loan issued out of or deemed to have been issued from the National Loans Fund, and to that fund, under section 2(2) or (3) of that Act;

(3) payments into the Consolidated Fund.—[Mr. Donald Thompson.]