TASMANIA GRANT.

No. 13 of 1912.

An Act to grant and apply out of the Consolidated Revenue Fund a sum for the purposes of Financial Assistance to the State of Tasmania.

[Assented to 6th November, 1912.]

Preamble.

BE it enacted by the King's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

1. This Act may be cited as the Tasmania Grant Act 1912.

Appropriation of £500,000 for financial assistance to Tasmania.

2. Subject to this Act, there shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of financial assistance to the State of Tasmania, the sum of Five hundred thousand pounds.

Payments to extend over period of ten years.

3.—(1.) Payments of the said sum of Five hundred thousand pounds shall extend over a period of ten years according to the scale in the Schedule so that in each financial year mentioned in the first column of the Schedule there shall be paid the sum set opposite to that financial year in the second column of the Schedule.

(2.) The amount payable in any year shall be paid in equal monthly instalments.

THE SCHEDULE.