HL Deb 13 February 1979 vol 398 c1106

My Lords, I beg to move that this Bill be now read a second time. It consolidates legislation, beginning with the Finance Act 1932, relating to the Exchange Equalisation Account. This, as your Lordships know, is an account which is set up for the purpose of mitigating the effect of fluctuations in the exchange value of sterling and for various other purposes connected with international payments. The Bill is pure consolidation and makes no changes in the existing law. It will be referred to the Joint Committee on Consolidation Bills if read a second time by your Lordships. I beg to move.

Moved, That the Bill be now read 2a.—(The Lord Chancellor.)

On Question, Bill read 2a, and referred to the Joint Committee on Consolidation Bills.