Committee on Finance. - Telephone Capital Bill, 1960—Money Resolution.

I move:—

That for the purpose of any Act of the present session to provide further moneys for the development of the public telephonic system and for other purposes connected therewith it is expedient to authorise:—

(1) the charge upon the Central Fund or the growing produce thereof of a sum not exceeding ten million pounds;

(2) the payment out of moneys provided by the Oireachtas of any terminable annuities created for the purpose of borrowing under the authority of such Act; and

(3) in the event of such moneys being insufficient, the advance out of the Central Fund or the growing produce thereof of the moneys required to meet such insufficiency and the making good to the Central Fund out of moneys provided by the Oireachtas of every such advance.

Question put and agreed to.
Resolution reported and agreed to.