§ LORD HOUGHTON (for the Board of Trade), in rising to move—
That a Select Committee be appointed to inquire whether it is expedient to amend Standing Order No. 128 (which prohibits payment of interest during the construction of works), and that no Bill containing provision for payment of interest out of capital during construction of works he read a second time before the Report of the said Committee has been laid upon the Table,said, he would call their Lordships' attention to the fact that the Standing Order of the House of Commons had been altered so as to allow a Select Committee to give consent to the payment of interest in certain cases, and therefore it was desirable that there should be uniformity in the Standing Orders of the two Houses. It was a debateable question as to the policy of allowing interest to be paid, and he hoped that their Lordships would agree to its going to a Select Committee.
§ Moved, "That a Select Committee be appointed to inquire whether it is expedient to amend Standing Order No. 128, and, if so, in what respect; and That no Bill containing provision for payment of interest out of capital during construction of works be read a second time before the Report of the said Committee has been laid upon the Table."—(The Lord Houghton.)
§ Motion agreed to; and ordered accordingly.