BERRY
FRUIT- GROWERS’ RELIEF.
No. 23 of 1941.
An Act to authorize the making of Loans to
the State of Tasmania for the Purpose of Relief to Berry Fruit-growers, and for
other purposes.
[Assented
to 7th April, 1941.]
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 Berry Fruit-growers’ Relief Act 1941.
Commencement.
2. This Act shall come into operation on the day
on which it receives the Royal Assent.
Loans to
State of Tasmania.
3. The Treasurer may make loans, not exceeding in
the whole the sum of Twenty thousand pounds, to the State of Tasmania for the
purpose of the alleviation by that State, in accordance with agreements made
between the Commonwealth and the State, of hardship suffered by berry
fruit-growers in consequence of damage to crops by frost or hail.
Conditions
of loan to State.
4.—(1.) Moneys loaned to the State in accordance
with the provisions of this Act shall be repaid by that State to the
Commonwealth by four equal annual payments, the first to be made not later than
four years after the making of the loan and the last to be made not later than
seven years after the making of the loan.
(2.) The State shall pay to the Commonwealth interest on the loans at
the rate of three and one quarter per centum per annum.
Additional
payments to State in respect of portion of interest.
5.During the first year after the
making to the State of a loan in accordance with the provisions of this Act,
the Treasurer may pay to the State a sum not exceeding the interest on the loan
payable by the State to the Commonwealth in respect of that year, and, during
each of the next following six years, the Treasurer
may pay to the State a sum not exceeding one-half of the interest on the loan
payable by the State to the Commonwealth in respect of that year.
Appropriation.
6.