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Loan Act 1937

Authoritative Version
Act No. 45 of 1937 as made
An Act to authorize the Raising and Expending of a certain Sum of Money.
Date of Assent 13 Dec 1937
Date of repeal 31 Dec 1950
Repealed by Statute Law Revision Act 1950

 

LOAN.

 

No. 45 of 1937.

An Act to authorize the Raising and Expending of a certain Sum of Money.

[Assented, to 13th December. 1937.]

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.  This Act may be cited as the Loan Act 1937.

Authority to borrow £2,500,000.

2.  The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1933, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Two million five hundred thousand pounds.

Purpose for which money may be expended.

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

 

THE SCHEDULE.                                          Section 3.

—

Appropriated by this Act.

DEPARTMENT OF DEFENCE.

£

Naval.

 

Under Control of Department of Defence.

 

Naval construction...............................................................................................................................

451,350

Equipment for port defence...............................................................................................................

110,120

Under Control of Department of the Interior.

 

Buildings, works and sites...................................................................................................................

73,800

Total Naval.................................................................................................

635,270

Military.

 

Under Control of Department of Defence.

 

Coast defences—equipment and works..........................................................................................

117,550

Arms, armament and ammunition...................................................................................................

109,180

Under Control of Department of the Interior.

 

Buildings, works and sites...................................................................................................................

415,170

Total Military..............................................................................................

641,900

Royal Australian Air Force.

 

Under Control of Department of Defence.

 

Landplane and seaplane equipment and plant, including spare parts, machinery, tools, ordnance and engineering supplies and ammunition.............................................................................................................

500,000

Under Control of Department of the Interior.

 

Buildings, works and sites...................................................................................................................

301,820

Total Royal Australian Air Force............................................................

801,820

Civil Aviation.

 

Under Control of Department of the Interior.

 

Buildings, works and sites...................................................................................................................

112,550

Total Civil Aviation...................................................................................

112,550

Munitions Supply Branch.

 

Under Control of Department of Defence.

 

Machinery and plant for manufacture of munitions....................................................................

149,670

Under Control of Department of the Interior.

 

Buildings, works and sites...................................................................................................................

158,790

Total Munitions Supply Branch..............................................................

308,460

Total Department of Defence...........................................................................

2,500,000