Part of the debate – in the House of Commons at 12:00 am on 20 January 1964.
Surely my hon. Friend has no doubts about this? The final paragraph of the Financial and Explanatory Memorandum says this:
The Bill removes the separate limits mentioned in the provisions referred to above and provides that advances to meet the capital expenditure of the Commission for the New Towns as well as the development corporations shall be subject to a new limit of £550 million.