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Television Money

Volume 527: debated on Tuesday 4 May 1954

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Resolution reported,

That, for the purposes of any Act of the present Session to make provision for television broadcasting services in addition to those provided by the British Broadcasting Corporation, and to set up a special authority for that purpose, and to make certain other provision, it is expedient to authorise—
  • (a) the payment to the said authority out of moneys provided; by Parliament of sums not exceeding seven hundred and fifty thousand pounds in any one financial year;
  • (b) the payment out of moneys provided by Parliament of any administrative expenses incurred by the Postmaster General for the purposes of the said Act;
  • (c) the issue out of the Consolidated Fund of sums required to enable the Postmaster General to make advances to the said authority of not more than two million pounds in all;
  • (d) the raising under the National Loans Act, 1939, of any money required for the purpose of providing any sums to be issued as aforesaid or for the replacement thereof;
  • (e) the payment into the Exchequer of sums received by the Postmaster General from the said authority in respect of advances, and the issue of such sums out of the Consolidated Fund and the application of such sums, in so far as they represent principal, in redemption or repayment of debt, and, in so far as they represent interest, in payment of interest otherwise falling to be paid out of the permanent annual charge for the National Debt;
  • (f) the payment into the Exchequer of the whole or any part of any excess of the revenues of the said authority for any financial year over the sums properly chargeable by the said authority to revenue account for that year, including in such sums sums credited to the reserve fund of the said authority.
  • Resolution agreed to