HC Deb 17 June 1932 vol 267 c674W
Mr. H. MORRIS

asked the Prime Minister the terms of the Supplemental Charter granted to the British Broadcasting Corporation in 1931; and will he have the Supplemental Charter laid upon the Table of this House?

Sir K. WOOD

I have been asked to reply to this question. The only operative clause of the Supplemental Charter in question reads as follows:

"Clause 15 of the said Charter shall read as if the following Sub-Clause (v) were inserted therein: (v) Provided always that the Corporation may instead of investing in Trustee securities sums set aside to meet depreciation of assets as provided in Sub-Clause (ii) of this Clause apply the same and any Sinking Fund representing accumulated depreciation reserves in expenditure certified by its Auditors to be in the nature of capital expenditure, or in the repayment of any sums borrowed or raised by the Corporation otherwise than for the purpose of obtaining temporary banking accommodation and