HL Deb 30 October 1975 vol 365 cc723-4

[Nos. 53 to 54]

Schedule 3, page 22, line 33, at end insert— ("(4) References to borrowing in this paragraph do not include borrowing under section 10 above.").

Schedule 3, page 22, line 37, after ("borrow") insert ("from him under paragraph 3 above").


My Lords, I beg to move that this House doth agree with the Commons in their Amendments Nos. 53 and 54 en bloc. These Amendments make it clear that any expenditure which the Agency incur at the direction of the Secretary of State under Clause 10 in giving selective financial assistance, comes from the Consolidated Fund rather than the National Loans Fund. They follow Amendments made to the Industry Bill on Third Reading in this House, and to the Scottish Development Agency Bill in the other place. I beg to move.

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

On Question, Motion agreed to.