NEW GUINEA TIMBER AGREEMENT.

 

No. 73 of 1953.

An Act to amend the New Guinea Timber Agreement Act 1952.

[Assented to 10th December, 1953.]

BE it enacted by the Queens 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 and citation.

1.—(1.) This Act may be cited as the New Guinea Timber Agreement Act 1953.


(2.) The New Guinea Timber Agreement Act 1952, as amended by this Act, may be cited as the New Guinea Timber Agreement Act 1952-1953.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Appropriation.

3. Section five of the New Guinea Timber Agreement Act 1952 is amended by adding at the end thereof the following sub-section:—

“(2.) There is payable out of the Consolidated Revenue Fund, which is appropriated accordingly, for the purpose of meeting the liabilities of the Commonwealth arising under or out of the Agreement, in addition to the sum referred to in the last preceding sub-section, the sum of Two hundred and fifty thousand pounds.”.