HC Deb 23 February 1988 vol 128 cc246-7

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act resulting from the British Steel Bill, it is expedient to authorise—

  1. (a) the payment out of money provided by Parliament of—
    1. (i) any expenses incurred by the Treasury or the Secretary of State in acquiring securities of the successor company (within the meaning of the Act) or rights to subscribe for any such securities;
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    2. (ii) any administrative expenses incurred by the Secretary of State in consequence of the provisions of the Act;
  2. (b) the payment out of the National Loans Fund of any sums required by the Secretary of State for making loans to the successor company. — [Mr. Lennox-Boyd.]