HL Deb 30 October 1975 vol 365 c723

[No. 52]

Schedule 3, page 22, line 7, leave out ("such sums to the Agency") and insert— ("to the Agency such sums—

  1. (a) without prejudice to section 11(14) above, in respect of administrative expenses relating to any of their functions, and
  2. (b) such other sums.").


My Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 52. The purpose of this Amendment is to enable the Secretary of State to pay the administrative expenses incurred by the Agency in exercising their industrial investment functions from money provided by Parliament—that is, grant in aid—rather than from public dividend capital. Inadvertently, paragraph (2) of Schedule 3 precluded the Secretary of State from paying grant in aid to the Agency in this respect. I beg to move.

Moved, That this House doth agree with the Commons in the said Amendment.—(Lord Lovell-Davis.)

On Question, Motion agreed to.