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Banking Bill

Amendment 174B 174B: Clause 225, page 111, line 3, at end insert— ““(4) Expenditure which could be paid out of money provided by Parliament under subsection (1) shall be charged on and paid out of the Consolidated Fund if the Treasury are satisfied that the need for the expenditure is too urgent to permit arrangements to be made for the provision of money by Parliament. (5) Where money is paid in reliance on subsection (4) the Treasury shall as soon as is reasonably practicable lay a report before Parliament specifying the amount paid (but not the identity of the institution to or in respect of which it is paid). (6) If the Treasury think it necessary on public interest grounds, they may delay or dispense with a report under subsection (5).”” Amendment 174B agreed. Clause 225, as amended, agreed. Clause 226 agreed.