§ Queen's Recommendation having been signified—
§
Resolved,
That, for the purposes of any Act resulting from the Commonwealth Development Corporation Bill [Lords], it is
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expedient to authorise—
- (a) the payment out of moneys provided by Parliament of any sums required by the Secretary of State for making grants to the Corporation or fulfilling guarantees given in respect of money borrowed by the Corporation's subsidiaries; and
- (b) the payment into the Consolidated Fund of any sums paid to the Secretary of State in or towards repayment of sums issued in fulfilment of such guarantees.—[Mr. Raison.]