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Covent Garden Market Money

Volume 720: debated on Tuesday 16 November 1965

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[ Queen's Recommendation signified]

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

[Sir SAMUEL STOREY in the Chair]

Resolved,

That, for the purposes of any Act of the present Session to make provision for the transfer of Covent Garden Market to a site in the London boroughs of Lambeth and Wandsworth, it is expedient to authorise—
  • (a) the issue out of the Consolidated Fund of any sums required to enable the Treasury to fulfil guarantees given by them with respect to the redemption of, or the payment of interest on, Covent Garden Market Stock or Covent Garden Market debentures; and
  • (b) any increase attributable to provisions of the said Act of the present Session in the sums which under Section 40 of the Covent Garden Market Act 1961 —
  • (i) may be issued out of the Consolidated Fund to enable the Minister of Agriculture, Fisheries and Food to make advances to the Covent Garden Market Authority;
  • (ii) may be raised under the National Loars Act 1939;
  • (iii) are required to be paid into the Exchequer and subsequently issued out of the Consolidated Fund and applied in redeeming or paying off debt or meeting such part of the annual charges for the national debt as represents interest.— [Mr. Crossman.]
  • Resolution to be reported.

    Report to be received Tomorrow.