Miscellaneous Financial Provisions Act 1946

1946 CHAPTER 40 9 and 10 Geo 6

An Act to extend the powers of the Treasury to raise money under section one of the National Loans Act 1939, to make provision as to certain obligations arising out of or in connection with the war, to charge certain payments under the War Damage Act 1943, on the Consolidated Fund, to provide for a temporary increase in the capital of the Civil Contingencies Fund, to amend the Defence Loans Act 1937, and to increase the salary of the Comptroller and Auditor-General.

[26th March 1946]

1 Additional borrowing powers, etc. U.K.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

(2) If, under any agreement made, whether before or after the passing of this Act, between His Majesty’s Government in the United Kingdom and any other Government concerning obligations arising out of or in connection with any war in which His Majesty has been engaged between the third day of September, nineteen hundred and thirty-nine and the passing of this Act, His Majesty’s Government in the United Kingdom accept, in respect of those obligations, or in respect of sums advanced by that other Government to enable those obligations to be discharged, a liability to make payments over a period of years—

(a) that liability shall, if the Treasury so direct, be treated for all purposes as a liability arising under a security issued under the M1 National Loans Act 1939, providing for the discharge of that liability on the terms set out in the agreement; and

(b) any sum advanced as aforesaid by the other Government shall be paid into the Exchequer . . . F2

(3) In this Act, the expression “the Consolidated Fund” means the Consolidated Fund of the United Kingdom . . . F3

Textual Amendments

F1 S. 1(1) repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

F2 Words repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

F3 Words repealed by Statute Law Revision Act 1963 (c. 30)

Marginal Citations

M1 1939 c. 117.

2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4 U.K.

Textual Amendments

F4 S. 2 repealed by Statute Law (Repeals) Act 1981 (c. 19), s. 1(1), Sch. 1 Pt. XI

3 Temporary increase of Civil Contingencies Fund. U.K.

(1) With a view to providing funds for making advances in respect of urgent services in anticipation of the provision made or to be made by Parliament for those services becoming available, or for making advances in anticipation of the realisation of receipts in connection with any services for which provision is so made or to be made, or for making temporary advances to any Government Department for the provision of any necessary working cash balances in connection with any such services, the Treasury may issue out of the Consolidated Fund such sums as may from time to time be required for the purpose of increasing temporarily the capital of the [F5 Contingencies Fund]:

Provided that—

(a) any sums so issued shall be repaid to the Exchequer at such times and in such manner as the Treasury may direct . . . F6

(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7

Textual Amendments

F5 Words substituted by virtue of Contingencies Fund Act 1970 (c. 56), s. 1(2)

F6 Words repealed by Miscellaneous Financial Provisions Act 1955 (c. 6), Sch. 2 Pt. I and Contingencies Fund Act 1974 (c. 18), Sch.

F7 Ss. 3(2), 4 repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

Modifications etc. (not altering text)

C1 S. 3(1) amended by Contingencies Fund Act 1974 (c. 18), s. 1

4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8 U.K.

Textual Amendments

F8 Ss. 3(2), 4 repealed by National Loans Act 1968 (c. 13), Sch. 6 Pt. I

5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9 U.K.

Textual Amendments

F9 S. 5 repealed by Exchequer and Audit Departments Act 1950 (c. 3), s. 4(2)

6 †Short title, interpretation and repeal. U.K.

(1) This Act may be cited as the Miscellaneous Financial Provisions Act 1946.

(2) Any reference in this Act to any other enactment shall, unless the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment.

(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10

Textual Amendments

F10 S. 6(3), Sch. repealed by Statute Law Revision Act 1950 (c. 6)

Modifications etc. (not altering text)

C2 Unreliable marginal note

F11 F11 SCHEDULE U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F11 S. 6(3), Sch. repealed by Statute Law Revision Act 1950 (c. 6)