Orders of the Day — COAL INDUSTRY (No. 2) [MONEY]

– in the House of Commons at 12:00 am on 25 October 1949.

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Considered in Committee under Standing Order No. 84 (Money Committees). [King's Recommendation signified.]

[Mr. BOWLES in the Chair]

Resolved: That, for the purposes of any Act of the present Session (hereinafter referred to as "the new Act") to provide for the making to colliery concerns and subsidiaries of such concerns of further income payments, it is expedient to authorise:—

  1. (a) the issue out of the Consolidated Fund of any increase in the sums issuable thereout under the Coal Industry Nationalisation Act, 1946 (hereinafter referred to as "the Act of 1946"), which is attributable to the making of payments under the new Act;
  2. (b) the raising under the National Loans Act, 1939, of any money required for providing or replacing sums authorised to be issued out of the Consolidated Fund by paragraph (a) of this Resolution
  3. (c) the payment into the Exchequer of sums received by the Minister of Fuel and Power under subsection (1) of section twenty-eight of the Act of 1946 by way of recouping the Crown expenses incurred by virtue of the provisions of the new Act; and
  4. (d) the issue out of the Consolidated Fund of sums so received and their application in accordance with subsection (2) of the said section twenty-eight.—[Mr. Glenvil Hall.]

Resolution to be reported Tomorrow.