§ Read 3a (according to Order).
§ LORD WILLINGDON
I have to ask your Lordships to allow me to insert two Amendments in this Bill. Under the Bill as it now stands the Lanarkshire County Council have to pay back certain principal and interest to the Clyde Valley Electrical Power Company, in the matter of principal in twenty years and in the matter of interest in two years. The Lanarkshire County Council have made representation to the 796 Secretary for Scotland and have asked for an extension of time which my right hon. friend has considered reasonable. The purpose of the two Amendments standing in my name is to extend the time for the repayment of principal to twenty-five years and so far as interest is concerned to three years.
Schedule, Clause 20, page 10, line 40, leave out from ("defrayed") to the end of sub-clause (1) and insert ("during the current and the next two successive financial years out of the general purposes rate authorised by the Lanarkshire Electricity and Refuse Destruction Order 1903 to be levied within the respective special Lighting Districts named in the said agreement").
Schedule, Clause 20, Page 11, line 9, leave out from ("within") to end of clause and insert ("such period not exceeding twenty-five years as the Secretary for Scotland may approve").—(Lord Willingdon.)
§ On Question, Amendments agreed to.
§ Bill passed, and sent to the Commons.