Co-ordination of Rural Advances and Agricultural Bank Acts Amendment Act of 1951 (15 Geo Vi No. 8) (Qld)

BANKING. 15 GEO. VI. No. 8, 1951. Co-ordination of Rural Advances, Etc., Act. AUDIT. See PUBLIC SERVICE (STATU'fORY SALARIES AND ALLOWANOES). 25 BANKING. An Act to Amend" The Co~ ordination of Rural 15 G N E o O 8 . . VI. Advances and Agricultural Bank Acts, CO-OTRHDEINA- 1938 to 1947," in certain particulars. [ASSENTED TO 30TH MARCH, 1951.] TION OF RURAL ADVANCES AND AGRICULTURAL RANK ACTS B E it enacted by the King's Most Excellent Majesty, AMAECNTDMOFENT by and with the advice and consent of the Legis- 1951. lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows :-- 1. This Act may be cited as "The Co-ordination Short title of Rural Advances and Agricult~ tral Bank Acts ::-struction. Amendrnent Act of 1951," and shall be read as one with *" The Co-ordination of Rural Advances and Agricultural Bank Acts, 1938 to 1947," herein referred to as the Principal Act. The Principal Act and this Act may be collectively qollective cited as "The Co-ordination of Rural Advances and tItle. Agricultural Bank Acts, 1938 to 1951." 2. In section twenty-six of the Principal Act the Amendment words "five thousand pounds" are repealed and the of 8. 26. words "seven thousand five hundred pounds" are inserted in lieu of those repealed words. 3. Section twenty-seven of the Principal Act is Amendments amended- of s. 27. (i.) By repealing the first paragraph of subsection two of that section and by inserting, in lieu of that repealed paragraph, the following paragraph,- namely :- "The amount which may be advanced under this section shall in every case be determined by the fair estimated value of- (a) The farm land with the improvements made and proposed to be made thereon; (b) All sheep, cattle, and other live stock belonging to the applicant and, if any live stock are to be acquired on receipt of the advance, of those live stock; * 14 G. 5 No. 41 and amending Acts.

26 BANKING. Co-ordination of Rural Advances, Etc., Act. 15 GEO. VI. No. 8, (c) All machinery, implements, and other chattels belonging to the applicant and used for any purpose or purposes connected with land and, if any machinery, implements, or other chattels are to be acquired on receipt of the advance, of those chattels; and (d) All fruit trees growing on that land, after taking into consideration all sums already advanced to and still owing by the applicant." (ii.) By adding the following paragraph, numbered (iii.), to subsection five of that section, namely : - "(iii.) For the purposes of this subsection the term "eligible person" shall also include any and every person who, having, as a member of His Majesty's Naval, Military, or Air Forces, had at any time (whether before or after or partly before and partly after the passing of *" The Co-ordination of Rural Advances and Agricultural Bank Acts Amendment Act of 1951 ") active service with such Forces or with the forces of the United Nations in Korea or elsewhere, shall have been or shall be honourably discharged after- (a) Not less than six months of active service as aforesaid; or (b) Where such a person shall have been in the opinion of the Minister materially prejudiced by reason of that active service, less than six months of active service as aforesaid. In relation to a female, "having, as a member of His Majesty's Naval, Military, or Air Forces" had active service as specified in this paragraph includes that active service as a member of, or of any service forming part of those Forces or any of them, including service as medical practitioner or nUl'se or masseuse or otherwise. (iii.) By adding the following subsection, numbered six, to that section, namely :- "(6.) (i.) Subsection five of this section shall be read, construed and applied subject to this subsection. (ii.) After the thirty-first day of December, one thousand nine hundred and fifty two, an eligible person shall not be entitled to the benefit of subsection five of this section in respect of any advance applied for by him * This Act.

BANKING. 1951. Co-ordination of Rural Advances, Etc., Act. more than five years after he shall have been discharged from the service specified in the said subsection five constituting him an eligible person thereunder. (iii.) For the purpose of determining the benefit to which an eligible perj30n is entitled under subsection five of this section in respect of two or more advances received by him from the Bank, those advances shall be taken into consideration together so that- (a) That eligible person shall not be entitled to the benefit of subsection five of this section during full periods of three years in respect of those advances severally; (b) That eligible person shall be entitled to benefit severally under subsection five of this section in respect of two or more advances provided that- (i.) He shall have received from the Bank the second or any subsequent such advance on or after the date when he shall have discharged in full his liabilities to the Bank in respect of any and every prior such advance; and (ii.) The several periods during which that eligible person shall benefit severally under subsection five of this section in respect of those advances shall not exceed in the aggregate three full years; (c) That eligible person shall be entitled to benefit concurrently under subsection five of this section in respect of two or more advances, provided that- (i.) He shall have received from the Bank the second and any subsequent such advance while he is still a borrower from the Bank in respect of the first such advance; and (ii.) The period during which he shall be entitled to benefit under subsection five of this section in respect of the second or any subsequent such advance shall be the unexpired balance (as at the date of the receipt by him from the Bank of that second or subsequent advance) still to run of the period during which he is entitled to so benefit in respect of the first of those advances: 27

2R BANKING. Co-ordination of Rural Advances, Etc., Act. 15 GEO. VI. No. 8,1951. Provided that in a case where, before the passing of *" The Co-ordination of Rural Advances and Agricultural Bank Acts Amendment Act of 1951," two or more advances to which the provisions of subsection five of this section, as in force for the time being applied, shall have been made to one and the same person upon terms that no payments, whether of interest or principal, would be demandable from or payable by him during periods of three years in respect of those advances severally, then the provisions of this subsection shall apply so as not to revoke, alter, amend or otherwise modify those terms." Amendment 4. The table set forth in section twenty-eight of of s. 28. the Principal Act is repealed and the following table is inserted in lieu of that repealed table, namely:- " Objects. I Maximum Amount that maybe Advanced. Purchase of dairy cattle ., Purchase of separator and other dairying plant Purchase of agricultural machinery and plant, including machinery and plant for fodder conservation Purchase of pigs Purchase of sheep Purchase of beef cattle for breeding and/or fattening purposes .. Purchase of farm horses Purchase of grass and fodder crop seed Purchase of pineapple and banana suckers and/or other seeds and phnts for approved purposes £ 800 500 2,000 200 2,000 2,000 200 100 ~OO " oAfms. en 2 d 9 m (1 e ) n . t Princ 5 ip . aIlnAsucbt sethcteiown oorndes o"ffisveectihounntdwreedntyp- onuinnedso" f tahree repealed and the words "one thousand pounds" are inserted in lieu of those repealed words. * This Act. BRISBANE GAS COMPANY. See PART n. CITY OF BRISBANE. See PART n.