Federal Register of Legislation - Australian Government

Skip to primary navigation Skip to primary content
Federal Register of Legislation Skip to Content
SearchOpen search

Primary content

Bookmark

this version | go to latest

Loan Act 1944

Authoritative Version
Act No. 4 of 1944 as made
An Act to authorize the Raising and Expending of a certain Sum of Money.
Date of Assent 03 Apr 1944
Date of repeal 31 Dec 1950
Repealed by Statute Law Revision Act 1950

LOAN.

 

No. 4 of 1944.

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

[Assented to 3rd April, 1944.]

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 1944.

Commencement.

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

Authority to borrow £200,000,000.

3.  The Treasurer may, from time to time, borrow, under the provisions of the Commonwealth Inscribed Stock Act 1911–1943, or under the provisions of any Act authorizing the issue of Treasury Bills, moneys not exceeding in the whole the amount of Two hundred million pounds.

Purposes for which money may be expended.

4.  The amount borrowed may be issued and applied only for the expenses of borrowing and for the purposes of appropriations made, or to be made, by law.

Issue and application of £200,000,000.

5.  There may be issued and applied out of the proceeds of any loan raised under the authority of this Act, or of any other Act, the sum of Two hundred million pounds for war purposes.