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Orders of the Day — Shipbuilding Credit [Money]

– in the House of Commons at 12:00 am on 23rd January 1964.

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Resolution reported, That, for the purposes of any Act of this Session to enable the Minister of Transport to make loans for the purpose of providing finance for the construction or alteration of ships in shipyards situated in the United Kingdom, any of the Channel Islands or the Isle of Man and the equipment of the resulting ships, it is expedient to authorise—

  1. (a) the issue out of the Consolidated Fund of sums not exceeding seventy-five million pounds to enable that Minister to make loans under the said Act;
  2. (b) the borrowing of money for the purposes of the said Act in any manner authorised under the National Loans Act 1939;
  3. (c) the payment out of money provided by Parliament of any administrative expenses incurred for the purposes of the said Act by that Minister and any sums required by him for making repayments of fees and other incidental sums received by him in connection with loans made or to be made under the said Act;
  4. (d) the payment into the Exchequer of any sums falling to be so paid by virtue of the said Act, and the re-issue out of the Consolidated Fund of such of those sums as fall to be so re-issued by virtue of the said Act.

Resolution agreed to.