HC Deb 16 March 1995 vol 256 cc1065-6

Queen's recommendation having been signified—

Motion made, and Question put forthwith, pursuant to Order [19 December],

That, for the purposes of any Act resulting from the Commonwealth Development Corporation Bill, it is expedient to authorise—

(1) any increase in payments out of the National Loans Fund, the Consolidated Fund or money provided by Parliament resulting from provisions of the Act—

  1. (a) increasing to £1,100 million and £1, 500 million respectively the sums of £750 million and £850 million specified in section 9A(2) of the Commonwealth Development Corporation Act 1978 ("the 1978 Act"); and
  2. (b) removing the limit in section 10(1) of the 1978 Act on the amounts which may be advanced to the Commonwealth Development Corporation ("the Corporation") under that section;

and any increase in payments into the National Loans Fund or the Consolidated Fund resulting from such provisions;

(2) the making of interest-free advances to the Corporation under section 10(1) of the 1978 Act; and

(3) the remission of the payment by the Corporation under section 12(1) of the 1978 Act of interest on advances under section 10(1) of that Act.—[Mr. Conway.]

Question agreed to.