Export Guarantees [Money]

– in the House of Commons at 12:00 am on 10th July 1959.

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Resolution reported, That, for the purposes of any Act of the present Session to increase the amount of the liabilities which may be undertaken by the Board of Trade in respect of guarantees under sections one and two of the Export Guarantees Act, 1949, it is expedient to authorise any increase attributable to the provisions of the said Act of the present Session—

  1. (a) raising to one thousand million pounds the limit of seven hundred and fifty million pounds imposed by subsection (4) of section one of the said Act of 1949, as amended, in respect of guarantees under that section;
  2. (b) raising to four hundred million pounds the limit of two hundred and fifty million pounds imposed by subsection (2) of section two of the said Act of 1949, as amended, in respect of guarantees under that section,
in the sums which, under section three or section four of the said Act of 1949, are to be or may be paid out of moneys provided by Parliament, charged on or issued out of the Consolidated Fund, raised by borrowing or paid into the Exchequer.

Resolution agreed to.