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Clause. — (Power to make Temporary Advances from Local Loans Fund to Local Authorities for Housing Purposes.)

Orders of the Day — Public Works Loans Bill. – in the House of Commons at on 6 December 1920.

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(2) Interest on advances under this Section shall be payable at such a rate as the Treasury may from time to time fix or, if the rate applicable to any advance is less than the bank rate for the time being in force, at the bank rate.

Photo of Mr Stanley Baldwin Mr Stanley Baldwin , Bewdley

I beg to move, in Sub section (2), to leave out the words "the rate applicable to" and to insert instead thereof the words, "so long as the rate which shall be fixed by the Treasury in the case of."

The Amendment ensures that in no case shall the advance be made at less than the bank rate which gives effect to what was desired by the right hon. Baronet, the Member for the City (Sir F. Banbury).

Amendment agreed to.

Motion made, and Question, "That the Bill be now read the Third time" put, and agreed to.

Bill read the Third time, and passed.

Clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

Amendment

As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.

Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.

In the end only a handful of amendments will be incorporated into any bill.

The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.