Amendments of New Towns Act 1965

New Clause No. 6 – in the House of Commons at 12:00 am on 24th April 1972.

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Amendment made: No. 47, in page 20, line 13, leave out 'be paid into the Consolidated Fund' and insert: ',subject to subsection (3) of this section, be paid into the Consolidated Fund.(2) the wholeor part of any payment made to the Secretary of State by a development corporation under subsection (1) above shall, if the Secretary of State with the approval of the Treasury so determines, be treated as made by way of repayment of such part of the principal of advances under section 42(1) of this Act, and as made in respect of the repayments due at such times, as may be so determined.(3) Any sum treated under subsection (2) above as a repayment of a loan shall be paid by the Secretary of State into the National Loans Fund'.—[Mr. Amery.]