COMMONWEALTH INSCRIBED STOCK.

No. 16 of 1913.

An Act to amend the Commonwealth Inscribed Stock Act 1911-1912.

[Assented to 19th December, 1913.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)   This Act may be cited as the Commonwealth Inscribed Stock Act 1913.

(2.)   The Commonwealth Inscribed Stock Act 1911–1912, as amended by this Act, may be cited as the Commonwealth Inscribed Stock Act 1911–1913.

2.   After section forty-four of the Commonwealth Inscribed Stock Act 1911–1912 the following section is inserted:—

Provision for payment of judgments in United Kingdom.

Cf. N.S.W., 1902, No. 79, s. 13;

Vict., No. 1703;

Q., 1 Edw. 7, No. 5;

S.A., No. 764, s. 3;

W.A, 64 Vict., No. 12, s. 3;

Tas., 1 Edw. 7, No. 4, s. 3.

“44a.—(1.)    Whenever, by the final judgment decree rule or order of any court of competent jurisdiction in the United Kingdom, any sum of money is adjudged to be payable by the Commonwealth in respect of any stock, the Treasurer shall forthwith pay the sum out of the Consolidated Revenue Fund, which is hereby appropriated, accordingly.

“(2.)     In this section ‘final judgment decree rule or order’ means, in case of appeal, the final judgment decree rule or order of the ultimate court hearing the appeal.

“(3.)     Without in any way limiting the foregoing provisions of this section, it is hereby declared that, in the case of stock being colonial stock to which the Imperial Acts known as the Colonial Stock Acts 1877 to 1900 apply, the Treasurer shall forthwith pay out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, whatever sums of money are from time to time required to enable the Registrar to comply forthwith with any judgment decree rule or order with which under the Imperial Acts the Registrar is required to comply.”