Orders of the Day — Channel Tunnel Bill

Part of the debate – in the House of Commons am 12:00 am ar 5 Rhagfyr 1973.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Clause 8 would enable the Secretary of State to meet any expenditure incurred in respect of his rights or obligations under the agreements. The obligations relate to the conditions under which the work could come to be abandoned. The rights include the Secretary of State's option to purchase the interests of the nominated constructors if he wishes to pursue the construction of a tunnel after the project has been abandoned and his right under paragraph 4.3.5. of Agreement No. 2 to take up shares in the British and French companies, provided the joint holdings of both Governments in either company do not exceed 33 per cent. of its issued capital.