Page:The Public General Acts and Church Assembly Measure 1960.pdf/13

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2
Ch. 10, 11
Consolidated Fund Act, 1960
8 & 9 Eliz.

of the Treasury Bills Act, 1877[M 1] (which relates to the renewal of bills) shall not apply with respect to those bills.

(3) Any money borrowed otherwise than on Treasury Bills shall be repaid, with any interest payable thereon, out of the Consolidated Fund, at anyperiod not later than the next succeed ing quarter to that in which the money was borrowed.

(4) Any money borrowed under this section shall be 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.

4. Short title.

This Act may be cited as the Consolidated Fund Act, 1960.


Chapter 11

An Act to amend the law as to the superannuation benefits which may be granted to or in respect of certain members of Her Majesty's foreign service.

[22nd March , 1960]

BE it enacted by the Queen'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:

1. Limit on special increases of superannuation benefits which may be granted in certain cases.

(1) For the purposes of any grant after the passing of this Act under section two of the Foreign Service Act, 1943[M 2] (which provides that where the employment in Her Majesty's foreign service of an officer of a grade not lower than that of second secretary is terminated before the retiring age, and the Secretary of State certifies that the termination is desirable in the public interest, there may be granted to that officer a superannuation allowance and an additional allowance, together with additional amounts by way of special increases added to those allowances), in subsection ( 2) of that section the words from "subject" onwards (which limit the amount which may be granted by way of such a special increase) shall cease to have effect, and instead thereof the following provisions of this section shall have effect in relation to any such grant.

(2) Any such special increase added to the superannuation oradditional allowance

(a) shall not be such as to bring the amount of that allowance up to an amount higher than that which could have been granted apart from any such increase if at the date of the termination of the officer's employment he had completed such reckonable service not exceeding forty

  1. 40 & 41 Vict.c. 2.
  2. 6 & 7 Geo. 6. c. 35.