Covent Garden Market [Money]

Private Business – in the House of Commons at 12:00 am on 17 November 1965.

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Resolution reported,That, for the purposes of any Act of the present Session to make provision for the transfer of Covent Garden Market to a site in the London boroughs of Lambeth and Wansdworth, it is expedient to authorise—

  1. (a) the issue out of the Consolidated Fund of any sums required to enable the Treasury to fulfil guarantees given by them with respect to the redemption of, or the payment of interest on, Covent Garden Market Stock or Covent Garden Market debentures; and
  2. (b)any increase attributable to provisions of the said Act of the present Session in the sums which under Section 40 of the Covent Garden Market Act 1961
    1. (i) may be issued out of the Consolidated Fund to enable the Minister of Agriculture, Fisheries and Food to make advances to the Covent Garden Market Authority;
    2. (ii) may be raised under the National Loans Act 1939;
    3. (iii) are required to be paid into the Exchequer and subsequently issued out of the Consolidated Fund and applied in redeeming or paying off debt or meeting such part of the annual charges for the national debt as represents interest.

Resolution agreed to.