HC Deb 20 November 1984 vol 68 cc238-40

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the New Towns and Urban Development Corporations Bill ("the Act"), it is expedient to authorise—

(1) any payment out of the National Loans Fund, the Consolidated Fund or money provided by Parliament resulting from—

  1. (a) increasing by, or by order made by virtue of, the Act, to an amount not exceeding £5,250 million, the limit on borrowing by new town development corporations and the Commission for the New Towns ("the Commission"); or
  2. (b) increasing to £600 million, with power to increase by order to £800 million, the limit imposed on the amount of grants to and borrowing by urban development corporations by paragraph 8(1) of Schedule 31 to the Local Government, Planning and Land Act 1980;
and any payment into the National Loans Fund or the Consolidated Fund resulting from such increases:

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

  1. (a) of a new town development corporation in respect of advances made to the corporation falling within section 60(a) of the New Towns Act 1981, subject to a limit of £1,750 million on the aggregate amount of liabilities authorised to be extinguished;
  2. (b) of the Development Board for Rural Wales in respect of money borrowed under section 9(2)(a) of the Development of Rural Wales Act 1976 for the purposes of the Board's functions in respect of the development of new towns; and
  3. (c) of the Commission in respect of money lent or advanced by the Secretary of State to the Commission or a new town development corporation in the event of the dissolution of the Commission by the Secretary of State;

(3) the suspension by order of the repayment of the principal of or the payment and accrual of interest on sums—

  1. (a) advanced to a new town development corporation or the Commission as mentioned in section 60(a) or (c) of the New Towns Act 1981; and
  2. (b) specified by the Secretary of State with the consent of the Treasury;
subject to a limit of £950 million or such greater amount not exceeding £1,300 million as may be specified by order on the aggregate of the loans authorised to be suspended;

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

  1. (a) any expenses of a Minister of the Crown attributable to the provisions of the Act; and
  2. (b) any increase attributable to the provisions of the Act in the sums which under any other enactment are paid out of money so provided;

(5) the payment of any other sums into the Consolidated Fund.—[Mr. Archie Hamilton.]