Clause 1 — United Kingdom loans to Ireland
Loans to Ireland Bill (Allocation of Time)
5:15 pm
William Cash (Stone, Conservative)
For the time being, I have decided against pressing amendment 3 to a Division.
Amendment, by leave, withdrawn.
Amendment proposed: 6, page 1, line 18, at end insert-
'(7A) Before determining the interest to be charged on any payments under this Act, the Treasury must specify the rate of interest by order; and the Treasury may not make such an order unless-
(a) the House of Commons has determined by resolution the rate of interest to be charged; and
(b) the order provides for that specified rate to be charged.'.- (Mr Carswell.)