DRAFT CONSTITUTION 801
The House has already agreed to the establishment of a Contingency Fund. It is therefore necessary to provide for the manner in which money may be put into the Contingency Fund and may be withdrawn from it. This is a purely formal amendment and I trust that the House will accept it.
Mr. President : I take it that Dr. Ambedkar will accept Pandit Kunzru’s amendment.
The Honourable Dr. B. R. Ambedkar : I accept the amendment.
Article 263, as amended, was added to the Constitution.
ARTICLE 267
*The Honourable Dr. B. R. Ambedkar : Sir, I move :
“That in article 267—
(i) after the words ‘Crown in India’ the words ‘or after such commencement in connection with the affairs of the Union or of a State’ be inserted ;
(ii) for the words ‘revenues of India’ wherever they occur, the words ‘Consolidated Fund of India’ be substituted ;
(iii) for the words ‘revenues of a State’ wherever they occur, the words ‘Consolidated Fund of the State’ be substituted ;
(iv) the words and figure ‘for the time being specified in Part I of the First Schedule’ be omitted ; and
(v) for the words ‘revenues of the State’, the words ‘Consolidated Fund of the State’ be substituted.”
It is just consequential.
The Honourable Dr. B. R. Ambedkar : Sir, I do not accept any amendment.
Mr. President : I put the amendments to vote.
[Dr. Ambedkar’s amendment was adopted. All other amendments moved by Prof. S. L. Saksena, H. V. Kamath and Dr. P. S. Deshmukh were rejected. Article 267, as amended, was added to the Constitution]
ARTICLE 268
†The Honourable Dr. B. R. Ambedkar : Sir, except for the last oration of my Friend Prof. K. T. Shah in which he suggested that we should introduce a clause putting limitation upon the authority of Parliament to sanction loans, I was really quite unable to understand the dissent which has been expressed by other speakers with regard to the provision contained in article 268. It is admitted that it is the executive alone which can pledge the credit of the country for borrowing purposes,
- CAD, Vol. IX, dated 10th August 1949, pp. 330-34.
† Ibid., pp. 339-40.