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  Loans to Ireland Bill - Clause 1 - Interest Rate to be Charged on United Kingdom Loans to Ireland
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require the interest rate to be charged on loans of up to Â£3,250 million from the UK to Ireland be determined by the House of Commons.
  @ MP voted no against requiring the interest rate to be charged on loans of up to Â£3,250 million from the UK to Ireland be determined by the House of Commons.
  
  The majority of MPs voted against requiring the interest rate to be charged on loans of up to Â£3,250 million from the UK to Ireland be determined by the House of Commons.
  
  MPs were considering the Loans to Ireland Bill. The amendment rejected in this vote was:
  
  :Amendment 6, page 1, line 18, at end insert-
  
  :'(7A) Before determining the interest to be charged on any payments under this Act, the Treasury must specify the rate of interest by order; and the Treasury may not make such an order unless-
  
  :(a) the House of Commons has determined by resolution the rate of interest to be charged; and
  :(b) the order provides for that specified rate to be charged.'
  
  MPs were considering authorising loans of up to Â£3,250 million to Ireland, this amendment would have required the House of Commons to approve the interest rate to be charged. 
  
  The explanatory notes to the Bill[2] included an assurance:
  
  :The UK will receive interest payments over and above interest paid to finance the loan. 
  
  
  * [1] [http://services.parliament.uk/bills/2010-12/loanstoireland.html Parliament's webpage on the Loans to Ireland Bill (now an Act)]
  * [2] [http://www.publications.parliament.uk/pa/cm201011/cmbills/125/en/11125en.pdf Explanatory notes to the Loans to Ireland Bill (PDF)]
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  