Consolidated Fund (No. 2) Act 1967
| Jurisdiction | UK Non-devolved |
| Citation | 1967 c. 6 |
| Year | 1967 |
Consolidated Fund (No. 2)Act 1967
1967 CHAPTER 6
An Act to apply certain sums out of the Consolidated Fund to the service of the years ending on 31st March 1966, 1967 and 1968.
[22nd March 1967]
Most Gracious Sovereign,
We , Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards making good the supply which we have cheerfully granted to Your Majesty in this session of Parliament, have resolved to grant unto Your Majesty the sums hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Issue out of the Consolidated Fund for the years ending 31st March 1966 and 1967.
1. The Treasury may issue out of the Consolidated Fund of the United Kingdom and apply towards making good the supply granted to Her Majesty for the service of the years ending on 31st March 1966 and 1967, the sum of 111,073,613 18 s. 3 d.
2 Issue out of the Consolidated Fund for the year ending 31st March 1968.
2. The Treasury may issue out of the Consolidated Fund of the United Kingdom and apply towards making good the supply granted to Her Majesty for the service of the year ending on 31st March 1968, the sum of 3,762,786,800.
3 Power for the Treasury to borrow.
(1) The Treasury may borrow from any person by the issue of Treasury Bills or otherwise, and the Bank of England and the Bank of Ireland may advance to the Treasury on the credit of the said sums, any sum or sums not exceeding in the whole 3,873,860,413 18 s. 3 d.
(2) The date of payment of any Treasury Bills issued under this section shall be a date not later than 31st March 1968, and section 6 of the Treasury Bills Act 1877 (which relates to the renewal of bills) shall not apply with respect to those bills.
(3) Any money borrowed otherwise than on Treasury Bills shall be repaid, with any interest payable thereon, out of the Consolidated Fund, at any period not later than the next succeeding quarter to that in which the money was borrowed.
(4) Any money borrowed under this section shall be placed to the...
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