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Films Money

Volume 983: debated on Friday 25 April 1980

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Queen's Recommendation having been signified

Resolved,

That, for the purposes of any Act of the present Session to amend the enactments relating to the financing and exhibition of films it is expedient to authorise—
  • (a) the extinguishing of any liability of the National Film Finance Corporation in respect of advances made under section 4(1) of the Cinematograph Film Production (Special Loans) Act 1949, and in respect of any interest thereon, out of money provided by Parliament;
  • (b) the payment of £1 million to the Corporation out of money so provided;
  • (c) any increase attributable to any provision of that Act enabling the Corporation to borrow such sums, not exceeding £5 million, as they may require for performing their functions in the sums so provided on the dissolution of the Corporation;
  • (d) any increase attributable to that Act in the sums so provided in defraying any expenses of the Commissioners of Customs and Excise incurred in collecting the levy imposed under section 2 of the Cinematograph Films Act 1957 in respect of any period ending not later than 12th October 1985; and
  • (e) any increase so attributable in the sums paid by the Commissioners into the Consolidated Fund.—[Mr. MacGregor.]