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Old Sinking Fund

Volume 148: debated on Wednesday 9 November 1921

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asked the Financial Secretary to the Treasury whether the Treasury can still use the old Sinking Fund to repay deficiency advances; and, if so, whether he will consider the prohibition of such repayments without a special application to Parliament?

I do not think it neces-necessary to make any alteration in the Acts governing this matter. There have in fact been no deficiency advances since 1914.