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Consolidated Fund (No. 2) Act 1901

As Enacted Cited in Amendments 1 Related
Vincent
JurisdictionUK Non-devolved


Consolidated Fund (No. 2) Act, 1901.

(1 Edw. 7.) CHAPTER 6.

An Act to apply a sum out of the Consolidated Fund to the service of the year ending on the thirty-first day of March one thousand nine hundred and two.

[2nd July 1901]

Most Gracious Sovereign,

W E, Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom of Great Britain and Ireland 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 sum herein-after mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted; and be it enacted by the King'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:

S-1 Issue of 35,443,233l out of the Consolidated Fund for the service of the year ending 31st March 1902.

1 Issue of 35,443,233l out of the Consolidated Fund for the service of the year ending 31st March 1902.

1. The Treasury may issue out of the Consolidated Fund of the United Kingdom of Great Britain and Ireland, and apply towards making good the supply granted to His Majesty for the service of the year ending on the thirty-first day of March one thousand nine hundred and two the sum of thirty-five million four hundred and forty-three thousand two hundred and thirty-three pounds.

S-2 Power to the Treasury to borrow.

2 Power to the Treasury to borrow.

2. The Treasury may borrow from any person, and the Bank of England and the Bank of Ireland may advance to the Treasury on the credit of the said sum, any sum or sums not exceeding in the whole the sum of thirty-five million four hundred and forty-three thousand two hundred and thirty-three pounds, and the Treasury shall repay the moneys so borrowed, with interest not exceeding five pounds per centum per annum, out of the growing produce of the Consolidated Fund at any period not later than the next succeeding quarter to that in which the said moneys were borrowed.

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