FINANCE BILL [Money]

Procedure Resolutions – in the House of Commons at 9:31 pm on 20 March 1989.

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Queen's Recommendation having been signified

Resolved, That, for the purposes of any Act resulting from the Finance Bill, it is expedient to authorize—

  1. (a) the payment out of the National Loans Fund of any expenses incurred by the Treasury in connection with the redemption before maturity of securities held in the Issue Department of the Bank of England;
  2. (b) the payment into the Consolidated Fund of the surplus standing to the credit of the Redemption Annuities Account immediately before that account is wound up.—[Mr. Lawson.]

Ordered,

That a Bill be brought in upon the foregoing resolutions: And that the Chairman of Ways and Means, Mr. Chancellor of the Exchequer, Mr. Secretary Fowler, Mr. Secretary Ridley, Mr. Secretary Channon, Mr. Secretary Moore, Mr. Secretary Parkinson, Mr. John Major, Mr. Tony Newton, Mr. Norman Lamont, Mr. Peter Brooke, and Mr. Peter Lilley do prepare and bring it in