TASMANIA GRANT.

No. 22 of 1913.

An Act to grant and apply out of the Consolidated Revenue Fund the sum of Four hundred thousand pounds for the purposes of further Financial Assistance to the State of Tasmania.

[Assented to 19th December, 1913.]

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 1913.

Appropriation of £400,000 for further 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 further financial assistance to the State of Tasmania, the sum of Four hundred thousand pounds.

Payments to extend over period of nine years.

3.—(1.)   Payments of the said sum of Four hundred thousand pounds shall extend over a period of nine 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.