Advances to Settlers Act 1923 (Cth)

 

ADVANCES TO SETTLERS.

No. 19 of 1923.

An Act to provide for the Supply of Wire Netting to Settlers.

[Assented to 1st September, 1923.]

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 Advances to Settlers Act 1923.

Commencement.

2. This Act shall be deemed to have commenced on the thirtieth day of June One thousand nine hundred and twenty-three.

Trust Account.

3.For the purposes of this Act there shall be established in the books of the Treasury a Trust Account which shall be known as the

“Advances to the States for the benefit of Settlers Trust Account” and that account shall be a Trust Account for the purposes of section sixty-two a of the Audit Act 1901-1920.

Payments to Trust Account.

4.—(1.) There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, an amount not exceeding Two hundred and fifty thousand pounds, for the purposes of this Act.

(2.) The amount appropriated by this Act shall be deemed to have been paid to the Trust Account on the thirtieth day of June One thousand nine hundred and twenty-three and to have formed part of that Account on that date.

Loans from Trust Account.

5.—(1.) The Minister may, out of the moneys standing to the credit of the Trust Account, make advances to the States and the Northern Territory for the purchase of wire netting.

(2.) Any wire netting so purchased may be supplied to settlers in the Commonwealth at such price, upon such conditions and security, and subject to such terms as to payment, as are prescribed.

Repayments to Trust Account.

6. Any moneys received by way of payment for wire netting supplied under this Act shall be paid to the Trust Account.

Regulations.

7.