STATUTORY RULES.

1941. No. 303.

REGULATION UNDER THE NATIONAL SECURITY ACT 1939-1940.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the National Security Act 1939-1940.

Dated this seventeenth day of December, 1941.

GOWRIE

Governor-General.

By His Excellency’s Command,

J. B. CHIFLEY

for and on behalf of the Minister of State for Defence Co-ordination.

Amendment of the National Security (Supplementary) Regulations.†

The National Security (Supplementary) Regulations are amended by adding at the end thereof the following regulation:—

Deferment of banking business under certain circumstances.

“24.—(1.) Where the Treasurer is satisfied that, by reason of any warlike operations or the evacuation of any area, any banker is unable to carry on business at any place, he may, by order—

(a) provide that that banker shall not be under any obligation to make any payments which he is required to make at that place; and

(b) authorize that banker to cease to carry on all or any of the classes of business carried on by that banker at that place,

during such period, and subject to such conditions (if any), as are specified in the order.

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* Notified in the Commonwealth Gazette on 17th December, 1941.

† Statutory Rules 1940, No. 126, as amended by Statutory Rules 1949, Nos. 151, 169, 213, 228, 233, 234, 245 and 257; and 1941, Nos. 75, 88, 110, 140, 167, 200, 222, 249, 296 and 297.

8107.—Price 3d.

“(2.) Any such order may contain such incidental and supplementary provisions as appear to the Treasurer to be necessary or expedient for the purposes of the order.

“(3.) No banker to whom any such order applies shall be under any obligation or incur any liability by reason of his not making any payment, or of his ceasing to carry on any class of business, in accordance with the provisions of the order.

“(4.) Where any such order provides that a banker shall not be under an obligation to make any payments which he is required to make at any place, every day during which that order has effect shall be deemed to be a non-business day for the purposes of the Bills of Exchange Act 1909-1936 so far as regards bills of exchange and promissory notes payable by that banker at that place on any such day.”.

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.