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Redundancy Payments Money (No 2)

Volume 715: debated on Monday 28 June 1965

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[ Queen's Recommendation signified]

Considered in Committee under Standing Order No. 88 ( Money Committees).

[Dr. HORACE KING in the Chair]


That, for the purposes of any Act of the present Session to provide for the making by employers of payments to employees in respect of redundancy, to establish a Redundancy Fund and to require employers to pay contributions towards that fund and to enable sums to be paid into that fund out of the Consolidated Fund, it is expedient to authorise the issue out of the Consolidated Fund or raising by borrowing of such sums as may be required to be so issued or raised in consequence of any provision of the said Act of the present Session whereby, subject to a limit of £20 million on the aggregate amount outstanding by way of principal in respect of the advances, the Treasury may make advancs out of the Consolidated Fund to the Minister of Labour for the purposes of the Redundancy Fund.—[Mr. Jay.]

Resolution to be reported.

Report to be received this day.