Ports (Reduction of Debt) [Money]

– in the House of Commons at 9:43 pm on 14th March 1983.

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Queen's Recommendation having been signified—

Resolved,That, for the purposes of any Act of the present Session to make provision for reducing the indebtedness of the port of London Authority and the Mersey Docks and Harbour Company, it is expedient to authorise—

  1. (a) the release of those bodies from their liability to repay money lent to them under section 11 of the Harbours Act 1964 and section 1 of the Ports (Financial Assistance) Act 1981 up to a maximum of £26 million in the case of the Port of London Authority and £36 million in the case of the Mersey Docks and Harbour Company;
  2. (b) the payment out of moneys provided by Parliament of sums not exceeding £22 million for enabling the Port of London Authority to repay a loan or loans guaranteed under section 1 of the said Act of 1981.—[Mr. Douglas Hogg]

Photo of Mr Nigel Spearing Mr Nigel Spearing , Newham South

It is just not good enough.

It being Ten o'clock, Mr. SPEAKER proceeded to put forthwith the Questions which he was directed by paragraph (2)(c) of Standing Order No !8A (Consideration of Estimates) to put at that hour.