HC Deb 24 May 1999 vol 332 c80

Queen's recommendation having been signified

Motion made, and Question put forthwith, pursuant to Standing Order No. 52(1)(a),

That, for the purposes of any Act resulting from the Commonwealth Development Corporation Bill [Lords], it is expedient to authorize—

  1. (1) the issuing out of the National Loans Fund of sums required by the Secretary of State for making loans to the Commonwealth Development Corporation or a company associated with it;
  2. (2) the charging on and issuing out of the Consolidated Fund of sums required by the Treasury for fulfilling any guarantee given for the discharge of financial obligations of the Corporation;
  3. (3) the payment out of money provided by Parliament of—
    1. (i) sums required by the Secretary of State for fulfilling any guarantee given for the discharge of financial obligations of companies associated with the Corporation;
    2. (ii) sums required by the Secretary of State in connection with the acquisition of, or of rights to subscribe for, securities issued by the Corporation and companies associated with it;
    3. (iii) any increase attributable to the Act in the administrative expenses of the Secretary of State or the Treasury;
    4. (iv) any increase attributable to the Act in the sums payable out of money provided by Parliament under any other Act;
    5. (4) the extinguishing of liabilities of the Corporation and of companies associated with it in respect of guarantees under the Act and advances and guarantees under the Commonwealth Development Corporation Act 1978;
  4. (5) the payment of sums into the Consolidated Fund or the National Loans Fund.—[Mr. Pope.]

Question agreed to.