HL Deb 27 March 1956 vol 196 c796

Order of the Day for the Second Reading read.


My Lords, on behalf of my noble friend, Lord Selkirk, I beg to move that this Bill be now read a second time. This is the usual Bill that your Lordships receive at this time of year, but on this occasion there is a change from the traditional form. We are abolishing the limit of 3 per cent. interest payable on Ways and Means advances. This is to conform with the market rates of money, as 3 per cent. is no longer realistic.

On Question, Bill read 2a; Committee negatived.

Then, Standing Order No. 41 having been suspended (pursuant to Resolution), Bill read 3a, and passed.