STATUTORY RULES.

1937. No. 28.

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REGULATIONS UNDER THE LOANS SECURITIES ACT 1919.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Deputy of the Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Loans Securities Act 1919.

Dated this tenth day of March, 1937.

Deputy of the Governor-General.

By His Excellency’s Command,

Acting Treasurer.

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Loans Securities Regulations.

Citation.

1. These Regulations may be cited as the Loans Securities Regulations.

Delegation.

2.—(1.) The Treasurer may, by writing under his hand, delegate to the Secretary to the Treasury all or any of his powers or functions under these Regulations (except this power of delegation) so that the delegated powers or functions may be exercised by the Secretary to the Treasury.

(2.) A delegation under this regulation shall be revocable at will, and shall not prevent the exercise of any power or function by the Treasurer.

Lost, stolen, destroyed or mutilated securities.

3.—(1.) Where a security is accidently lost, stolen, destroyed or mutilated before it is paid off, the owner may apply to the Treasurer for the issue of a certificate under this regulation.

(2) If the Treasurer is satisfied—

(a) that the security has been accidentally lost, stolen, destroyed or mutilated;

(b) that the applicant is the owner of the security, and

(c) that, in the case of a lost or stolen security, the applicant has not seen the security within the period of five years immediately preceding the date of the application,

the Treasurer may, subject to this regulation, and upon the applicant giving an indemnity bond to the satisfaction of the Treasurer to indemnify the Commonwealth, against double payment of the security, including interest thereon, issue to the applicant a certificate, in accordance with a form approved by the Treasurer, of the indebtedness of the Commonwealth to the applicant in respect of the security.

* Notified in the Commonwealth Gazette on , 1937.

156—8/18.1.1937.—Price 3d.

(3.) Where, in the opinion of the Treasurer, some person other than the owner has an interest in a lost, stolen, destroyed or mutilated security, the Treasurer may refuse to issue a certificate to the applicant unless—

(a) the consent in writing of that person has first been obtained; or

(b) in such cases as the Treasurer thinks fit, that other person gives an indemnity bond as provided by the last preceding sub-regulation.

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By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.