§ Considered in Committee under Standing Order No. 84 (Money Committees).—[Queen's Recommendation signified.]
§ [Sir GORDON TOUCHE in the Chair]
That, for the purposes of any Act of the present Session to enlarge the amounts which may be advanced to the Agricultural Mortgage Corporation Limited by the Minister of Agriculture, Fisheries and Food for the purpose of increasing the Corporation's guarantee fund, and to extend the period during which the Minister may give the Corporation assistance by way of annual grant or loan, it is expedient to authorise—
- (1) any increase in the sums which, under the Agricultural Mortgage Corporation Act, 1956, are to be issued out of the Consolidated Fund for the purpose of enabling advances under that Act to be made to the Corporation, being an increase attributable to provisions of the said Act of the present Session increasing the maximum amount of those advances by not more than one million seven hundred and fifty thousand pounds;
- (2) the making out of moneys provided by Parliament, in the year beginning on the first day of April, nineteen hundred and
1255 fifty-nine and the following fourteen years, of payments by the Minister to the Corporation by way of grant or loan, not exceeding one hundred thousand pounds in any year; and
- (3) the payment into the Exchequer of any sums paid by way of repayment of, or interest on, any such advance or loan made by virtue of the said Act of the present Session.—[Mr. Hare.]
§ Resolution to be reported.
§ Report to be received upon Monday next.