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Colonial Loans Money No 2

Volume 465: debated on Friday 27 May 1949

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Resolution reported:

"That, for the purposes of any Act of the present Session to authorise the Treasury to guarantee certain loans by the International Bank for Reconstruction and Development to the Governments of colonial territories, it is expedient to authorise—
  • (a) the charge on and issue out of the Consolidated Fund of any sums required by the Treasury for fulfilling a guarantee of any charges in respect of any such loan as well as of the principal thereof and interest thereon;
  • (b) the payment into the Exchequer of any sums received by way of the repayment of any sums so issued."
  • Resolution agreed to.