DEVELOPMENT LOAN (LOCAL) BILL

2.31 p.m.

The Minister for Finance (Dr Goh Keng Swee): Mr Speaker, I beg to introduce a Bill intituled "An Ordinance to authorise a sum of one hundred million dollars to be raised in Singapore by way of loan for the purposes of the Development Fund."

Bill read the First time.

Mr Speaker: Second Reading, what day?

Dr Goh Keng Swee: Now, Sir.

Mr Speaker: So be it.

Dr Goh Keng Swee: Mr Speaker, Sir, I lay upon the Table a Certificate of Urgency signed by the Yang di-Pertuan Negara in respect of the Development Loan (Local) Bill.

Certificate of Urgency handed in.

Mr Speaker: The Minister will have noticed, I think, that the Certificate of Urgency has reference to a Bill intituled "An Ordinance to authorise a sum of one hundred million dollars to be raised in Singapore by way of loan". The Certificate has not added the words "for the purposes of the Development Fund". Therefore, the Certificate is out of order. I would suggest to the Minister possibly that it could be easily corrected and we can meanwhile proceed with the other items on the Order Paper.

Certificate of Urgency handed back to the Minister.

Mr Speaker: Will the Minister agree that the Second Reading be taken, shall we say, after the completion of the proceedings on the Trade Unions (Amendment) Bill?

Dr Goh Keng Swee: Yes.

Mr Speaker: So be it.