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Extent of Repeal.

Subsection (2) of section one hundred and twenty-one.

Subsections (1) (2) (3) (4) and (8) of section one hundred and thirty-one. Paragraph (c) of subsection (1) of section one hundred and fifty-one. In subsection (9) of section one hundred and seventy-five, the words 66 as to the conduct of the examination, but not as to costs." In paragraph (viii) of section one hundred and eighty-six, the words on the application of a contributory




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Section one hundred and eightyeight.

Section one hundred and ninety. In subsection (3) of section one hundred and ninety-two the words "at either of the meetings held for "passing and confirming the same." Section one hundred and ninetyeight.

In section one hundred and ninetynine, the words "by special or "extraordinary resolution."

In section two hundred and thirteen the words "by or subject to the "supervision of the court."

In section two hundred and fifteen the words" in Scotland or." Section two hundred and seventeen. Subsection (3) of section two hundred and seventy-four. The whole Act.

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A.D. 1927.


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An Act to amend the Companies Acts,

1908 to 1917, and for


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Ordered, by The House of Commons, to be Printed, 18 July 1927.

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To be purchased directly from

H.M. STATIONERY OFFICE at the following addresses:
Adastral House, Kingsway, London, W.C.2;

120,George Street, Edinburgh; York Street, Manchester;
1, St. Andrew's Crescent, Cardiff; 15, Donegall Square West, Belfast;
or through any Bookseller.

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Apply a sum out of the Consolidated Fund to the A.D. 1927. service of the year ending on the thirty-first day of March, one thousand nine hundred and twenty-eight, and to appropriate the Supplies granted in this Session of Parliament.

Most Gracious Sovereign,

WF, Your Majesty's most dutiful and loyal subjects,

the Commons of the United Kingdom of Great Britain and Northern Ireland in Parliament assembled, towards making good the supply which we have cheerfully 5 granted to Your Majesty in this session of Parliament, have resolved to grant unto Your Majesty the sum hereinafter 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 10 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:



15 1. The Treasury may issue out of the Consolidated Issue of Fund of the United Kingdom, and apply towards making 252,231,9587. good the supply granted to His Majesty for the service out of the of the year ending on the thirty-first day of March, one dated Fund. thousand nine hundred and twenty-eight, the sum of 20 two hundred and fifty-two million, two hundred and thirty-one thousand, nine hundred and fifty-eight pounds.

A.D. 1927.

Power for the Treasury to borrow.


2.-(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 sum, any sum or sums not exceeding in the whole two hundred and 5 fifty-two million, two hundred and thirty-one thousand, nine hundred and fifty-eight pounds.

(2) The date of payment of any Treasury Bills issued under this section shall be a date not later than the thirty-first day of March, one thousand nine hundred 10 40 & 41 Vict. and twenty-eight, and section six of the Treasury Bills Act, 1877 (which relates to the renewal of bills), shall not apply with respect to those bills.

c. 2.

(3) Any money borrowed otherwise than on Treasury Bills shall be repaid, with interest not exceeding five 15 pounds per cent. 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 money was borrowed.

(4) Any money borrowed under this section shall be 20 placed to the credit of the account of the Exchequer, and shall form part of the said Consolidated Fund, and be available in any manner in which such Fund is available.

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3. All sums granted by this Act and the other Acts mentioned in Schedule (A) annexed to this Act out of the said Consolidated Fund towards making good the supply granted to His Majesty, amounting, as appears by the said schedule, in the aggregate, to the sum of 30 four hundred and twenty-three million, nine hundred and forty-five thousand, three hundred and ninety-six pounds, twelve shillings and threepence are appropriated, and shall be deemed to have been appropriated as from the date of the passing of the Acts 35 mentioned in the said Schedule (A), for the services and purposes expressed in Schedule (B) annexed hereto.

The abstract of schedules and schedules annexed hereto, with the notes (if any) to such schedules, shall be deemed to be part of this Act in the same manner as 40 if they had been contained in the body thereof.


In addition to the sums hereby granted out of the A.D. 1927. Consolidated Fund, there may be applied out of any

money directed under section two of the Public Accounts 54 & 55 Vict. and Charges Act, 1891, to be applied as appropriations in c. 24. 5 aid of the grants for the services and purposes specified in Schedule (B) annexed hereto the sums respectively set forth in the last column of the said schedule.

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4. (1) So long as the aggregate expenditure on Treasury naval military and air services respectively is not made may, in cer10 to exceed the aggregate sums appropriated by this Act tain cases of for those services respectively, any surplus arising on any authorise exigency, vote for those services, either by an excess of the sum expenditure realised on account of appropriations in aid of the vote unprovided over the sum which may be applied under this Act as for; pro15 appropriations in aid of that vote, or by saving of vided that expenditure on that vote, may, with the sanction of the gate grants Treasury, be temporarily applied either in making up for the navy any deficiency in the sums realised on account of appro- services, priations in aid of any other vote in the same department, army ser20 or in defraying expenditure in the same department vices and air which is not provided for in the sums appropriated to spectively the service of the department by this Act, and which be not exit may be detrimental to the public service to postpone ceeded. until provision can be made for it by Parliament in the 25 usual course.

(2) A statement showing all cases in which the sanction of the Treasury has been given to the temporary application of a surplus under this section, and showing the circumstances under which the sanction of the 30 Treasury has been given, shall be laid before the House of Commons with the appropriation accounts of the naval military and air services for the year, in order that any temporary application of any surplus sanctioned by the Treasury under this section may be submitted for the 35 sanction of Parliament.

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5. Whereas under the powers given for the purpose Sanction for by the Appropriation Act, 1925, surpluses arising on navy and air certain votes for the navy and air services respectively for 1925-1926 have been applied as shown in the account set out in unprovided

40 Schedule (C) to this Act:

It is enacted that the application of those surpluses as shown in the said account is hereby sanctioned.

15 & 16 Geo. 5.
c. 57.

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