Barracks Act 1890

Expenses of Act

5 Issue of money out of Consolidated Fund for expenses of Act.

The Treasury shall issue out of the Consolidated Fund, or the growing produce thereof, such sums, not exceeding in the whole the sum of four million one hundred thousand pounds, as may be required by the Secretary of State for carrying into effect the purposes of this Act both in the United Kingdom and in the Colonies according to estimates to be approved by the Treasury.

6 Restrictions on applications of money issued.

(1) Before any moneys are issued for the purpose of expenditure under any one of the heads in the Schedule to this Act, the Secretary of State shall submit to the Treasury an estimate, with such details as may be required by the Treasury, of the expenditure under that head for which it is for the time being proposed to issue money.

(2) The amount specified in the Schedule to this Act for contingent expenses for the purposes of this Act, or any part of that amount, may, with the approval of the Treasury, be added to the amount stated under any other head in the Schedule ; but, save as foresaid, there shall be no excess of any expenditure proposed by the estimate under any head in the Schedule above the amount stated for that head in the Schedule, unless there is given a joint certificate of the Treasury and Secretary of State certifying that the excess is compensated by a saving under some other head, and that the excess will not cause the total expenditure to exceed the total sum specified in the Schedule, and upon such certificate being given the said saving may be applied towards the payment of the said excess.

7 Borrowing to raise money for purposes of Act.

(1) Subject to the proviso herein-after contained, the Treasury may, if they think fit, at any time after the thirty-first day of March one thousand eight hundred and ninety-one, borrow for the purpose of—

(a) providing money for sums to be issued after that date out of the Consolidated Fund under the authority of this Act; or

(b) repaying to that fund all or any part of the sums so issued; or

(c) paying off any securities issued under this section or replacing in any financial year money expended in paying off such securities in the same financial year.

(2) For the purposes of this section the Treasury may raise money by means of Treasury bills or Exchequer bonds or terminable annuities or otherwise on the credit of the charge created by this Act on the Consolidated Fund, or partly in one method and partly in another, and all sums borrowed under this section shall be paid into the Exchequer.

(3) The principal of the securities created or issued, and of the money borrowed under this section, and all interest from time to time due thereon, so far as not otherwise provided for under this Act, shall be paid out of moneys provided by Parliament; and, if those moneys are insufficient, shall be charged on and paid out of the Consolidated Fund or the growing produce thereof, but shall not be payable as part of the permanent annual charge for the National Debt.

(4) Every loan raised in pursuance of this section shall be discharged before such date as may be fixed by the Treasury.

(5) If any money is borrowed in pursuance of this section, interest at a rate fixed by the Treasury on the amount so borrowed, or so much thereof as is for the time being due, and such additional sum as may be fixed by the Treasury for repaying the money borrowed within the time limited in pursuance of this section, shall be paid out of the moneys annually provided by Parliament for army services.

8 Power to sell existing barracks and apply proceeds of sale to purposes of Act.

The Secretary of State may, with the concurrence of the Treasury, sell any land in the United Kingdom for the time being vested in him, and occupied for barracks or for purposes connected therewith, and the proceeds of any such sale shall be applied to the purposes of this Act, and the amount authorised to be issued out of the Consolidated Fund under this Act shall be reduced accordingly.

Provided that if the total proceeds of such sales exceed the total amount so authorised the excess shall be paid into the Exchequer.

9 Accounts of expenditure.

(1) The Secretary of State shall, at the end of every financial year in which any part of any sum issued under this Act is expended, cause to be made out an account, in such form as may be required by the Treasury, showing as follows:

(a) the money expended during that year in pursuance of this Act, and the purposes on which that money was expended, distinguishing the expenditure under each of the heads in the Schedule to this Act; and

(b) the mode in which that money was provided, and the securities (if any) created for providing the same; and

(c) the aggregate amount of money expended since the passing of this Act on the purposes thereof, and the aggregate amount of money borrowed and of securities (if any) created for providing for the same; and

(d) the balance (if any) of the sums authorised by this Act to be issued.

(2) The accounts of expenditure under this Act shall be audited and reported upon by the Comptroller and Auditor General as appropriation accounts in manner directed by the [29 & 30 Vict. c. 39.] Exchequer and Audit Departments Act, 1866.

10 Power for bank to lend.

The Bank of England shall have power to advance to the Treasury any money which may be required for the purposes of this Act.