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Export Guarantees Money

Volume 649: debated on Friday 17 November 1961

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Resolution reported,

That, for the purposes of any Act of the present Session to increase the limit imposed by section two of the Export Guarantees Act, 1949, as amended by any subsequent enactment, on the liabilities which may be undertaken by the Board of Trade in respect of guarantees under that section and certain other transactions under the Export Guarantees Acts, 1949 to 1959, it is expedient to authorise any increase in the sums which, under section three or section four of the said Act of 1949, are to be or may be paid out of moneys provided by Parliament, charged on or issued out of the Consolidated Fund, raised by borrowing or paid into the Exchequer, being an increase attributable to the provisions of the said Act of the present Session raising the said limit to eight hundred million pounds.

Resolution agreed to.