– in the House of Commons am 12:00 am ar 6 Tachwedd 1947.
Resolved:
That, for the purposes of any Act of the present Session providing for the establishment of a corporation charged with duties for securing development in colonial territories (hereinafter referred to as the 'Colonial Development Corporation') and for the establishment of a corporation charged with duties for securing the production or processing of foodstuffs or agricultural products other than foodstuffs in places outside the United Kingdom and the marketing thereof (hereinafter referred to as the 'Overseas Food Corporation') it is expedient to authorise—
(a) the issue out of the Consolidated Fund of—
(b) the raising under the National Loans Act, 1939, of any money required for the purpose of providing any sums to be issued as aforesaid or for the replacement thereof;
(c) the payment into the Exchequer of—
(d) the issue out of the Consolidated Fund of sums paid into the Exchequer under sub paragraph (i) of paragraph (c) of this Resolution and the application of so much thereof as represents principal in redemption or repayment of debt and so much thereof as represents interest in payment of interest otherwise falling to be paid out of the permanent annual charge for the National Debt."—[Mr. Strachey.]