Federal Register of Legislation - Australian Government

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Loan Act (No. 2) 1914

Authoritative Version
Act No. 31 of 1914 as made
An Act to authorize the raising and expending of the sum of Seven million nine hundred and eighty-six thousand pounds for certain purposes and for amending Loan Act 1911, the Loan Act 1912 and the Loan Act 1913.
Date of Assent 21 Dec 1914
Date of repeal 31 Dec 1950
Repealed by Statute Law Revision Act 1950

LOAN (No. 2).

 

No. 31 of 1914.

An Act to authorize the raising and expending of Seven million nine hundred and eighty-six thousand pounds for certain purposes and for amending the Loan Act 1911, the Loan Act 1912, and the Loan Act 1913.

[Assented to 21st December, 1914.]

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.

1.—(1.)   This Act may be cited as the Loan Act (No. 2) 1914.

(2.)   The Loan Act 1911, as amended by this Act, may be cited as the Loan Act 1911–1914.

(3.)   The Loan Act 1912, as amended by this Act, may be cited as the Loan Act 1912–1914.

(4.)   The Loan Act 1913, as amended by this Act, may be cited as the Loan Act 1913–1914.

Treasurer may borrow £7,986,000.

2.   The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1913 or the Treasury Bills Act 1914(a), borrow moneys not exceeding in the whole the amount of Seven million nine hundred and eighty-six thousand pounds.

Purpose for which money may be expended.

3.   The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes set forth in the Schedule to this Act.

Amendment of Loan Act 1911.

4    Section two of the Loan Act 1911 is amended by omitting the words “Commonwealth Inscribed Stork Act 1911” and inserting in their stead the words “Commonwealth Inscribed Stock Act 1911-1913 or the Treasury Bills Act 1914.”

Amendment of Loan Act 1912.

5.   Section two of the Loan Act 1912 is amended by omitting the words “Commonwealth Inscribed Stock Act 1911” and inserting in their stead the words “Commonwealth Inscribed Stock Act 1911-1913 or the Treasury Bills Act 1914.”

(a) The Treasury Bills Act 1914 is to be read as the Treasury Bills Act 1914-1915. See Act No. 25, 1915, s. 4 (infra, p. 127).


 

Amendment of Loan Act 1913.

6.   Section two of the Loan Act 1913 is amended by omitting the words “Commonwealth Inscribed Stock Act 1911-1912” and inserting in their stead the words “Commonwealth Inscribed Stock Act 1911-1913 or the Treasury Bills Act 1914.”

Commencement of Act.

7.   This Act shall be deemed to have commenced on the first day of July, One thousand nine hundred and fourteen.

 

SCHEDULE.

 

 

£

No. 1.

To redeem loans raised by the Government of South Australia on account of the Northern Territory.........

400,000

2.

To redeem loans raised by the Government of South Australia on account of the Port Augusta Railway....

16,000

3.

For the purchase of land for post and telegraph purposes...........

120,000

4.

For the construction of conduits and for laying wires underground    

450,000

5

To be paid into the Consolidated Revenue Fund.........................

7,000,000

 

Total..........................................................

7,986,000