VISCOUNT DUNGANNONsaid, he did not intend to oppose the second reading of the Bill; but in Committee he would oppose the second clause, which allowed money to be borrowed for the purpose of repairing the College, on the security of the Consolidated Fund. As the trustees were about to repair the College out of their own funds, he thought that any money that was required to be borrowed, ought to be on the security of their funds.
THE DUKE OF LEINSTERsupported the Bill. The College buildings had got into a dilapidated condition, as there were no funds from which the repairs could be executed. It was proposed, therefore, to take the funds set apart for the students to repair the buildings; but to authorize them to do so, this Act of Parliament was necessary.
THE EARL OF MAYOalso opposed the second clause. He had no objection to the main object of the Bill, as explained by the noble Duke.
THE DUKE OF ARGYLLsaid, the noble Lords opposite were under a misapprehension as to the security on which the money was to be borrowed. It was not the Consolidated Fund, but the annual vote of £30,000 out of the Consolidated Fund, which was to be given as security for the loan. The Bill was merely to give power to borrow money for a temporary occasion, but only to the extent voted by Parliament.
§ Bill read 2a, and committed to a Committee of the whole House on Tuesday next.