Co-ordination of Rural Advances and Agricultural Bank Acts and Other Acts Amendment Act of 1945 (9 Geo Vi No. 18) (Qld)

12 AUCTIONEERS AND COMMISSION AGENTS-BANKING. Co-ordination of Rural Advances, Etc., Act. 9 GEO. VI. No. 18, license (being a general license) shall be granted to such resident only if he holds a license to follow the occupation of an auctioneer in all parts of that State. (b) An auctioneer's license (being a district license) shall not in any case be granted to any person resident in any State of the Commonwealth of Australia other than Queensland. (4.) Regulations may be made to give full effect to the objects and purposes of this section." AUDITOR·GENERAL, SALARY OF. See PUBLIC SERVICE. BANKING. See also LANDS (WAR SERVICE h\ND SETTLEMENT). (1) Co-olrd·inntion of Rural Advances and Agriculhlral Bank Acts and Other Acts Amendment Act of 1945 .. 9 Qeo. VI. No. 18 (2) Co-ordination of RUTal Advances amd Agricultu1 0 al Bank Acts Amendment Act of 1946 .. 10 Geo. VI. No. 24 9 NGEoO. 1V8. I. An Act to Amend "The Co-ordination of Rural THE CO-ORDINATION Advances and Agricultural Bank Acts, 1938 OF RURAL ADVANOES AND to 1944," "The Financial Arrangements and AGRICULTURAL BANK ACTS Development Aid Acts, 1942 to 1944," "The AND OTHER ACTS AMENDMENT Discharged Soldiers' Settlement Acts, 1917 A 1 C 9 T 45 O . ~ ' to 1944," and "The Farmers' Assistance (Debts Adjustment> Acts, 1935 to 1938," each in cel·tain particulars. [ASSENTED TO 25TH OCTOBER, 1945.] B E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows ; - PART 1.- PRELIl\lINARY. PART I.-PRELIMINARY. 'Short title. 1. This Act may be cited as " The Co-ordination of Rural Advances and Agricultural Bank Acts and Other Acts Amendment Act of 1945."

1945. BANKING. Co-ordination of Rural Advances, Etc., Act. 13 PAl\T I.- PRELIMINARY. 2. This Act is divided into Parts, as follows : - Parts of Aot. PART I.-PRELIMINARY ; PART 1I.-AMENDMENTS OF "THE CO-ORDINA- TION OF RURAL ADVANCES AND AGRI- CULTURAL BANK ACTS, 1938 TO 1944 " ; PART llI.-AMENDMENTS OF "THE FINANCIAL ARRANGEMENTS AND DEVELOPMENT AID ACTS, 1942 TO 1944" ; PART lV.-AMENDMENTS OF "THE DISCHARGED SOLDIERS' SETTLEMENT ACTS, 1917 TO 1944" ; PART V.-AMENDMENTS OF "THE FARMERS' ASSISTANCE (DEBTS ADJUSTMENT) ACTS, 1935 TO 1938"; PART VI.-GENERAL. PARTH.- AMENDMENTS OF "THE PART 1I.-AMENDMENTS OF "THE CO-ORDINATION OF co~ ~ ~ ~ : . : , oN' RURAL ADVANCES AND AGRICULTURAL BANK ACTS, 1~ i: C~ L~ ~ 1938 TO 1944." 19~ ~ t9~ 1. : · 3. This Part of this Act shall be read as one with Construction *" The Co-ordination of Rural Advances and Agriculturalof!arl Bank Acts, 1938 to 1944," and that Act and this Part : ~ llective may be collectively cited as " The Co-ordination of Rural title. Advances and Agricultural Bank Acts, 1938 to 1945." 4. The following new subsection five is added to Amendment section twenty-seven of the Principal Act, as follows : - of s. 27. "[5.] (i.) Notwithstanding anything to the contrary Term of loan contained in this Act, the term of any advance (secured i~ respect of by any land mortgage) made after the commencement of ~ : : ~ ~ f the War or subsequent to the passing of t" The the Forces Oo-ordination of Rural Advances and Agricultural Ban.k :~ ! b! her Acts and Other Acts Amendment Act of 1945" under thIS persons. section or under Part VII. of this Act to an eligible person as hereinafter defined shall be the term fixed by the Bank, not exceeding thirty years, exclusive of the full period of three years during which no payments whether of interest or principal shall be demanded by the Bank, from or payable by the mortgagor concerned and exclusive of any period allowed by the Bank, being a period not exceeding five years, during which interest only is payable. Any mortgage or other security given by any such eligible person to the Bank subsequent to the commence- ment of the War or after the passing of t" The * 14 G. 5 No. 41 and amending Acts (consolidated), 1943 Sess. v., p. 163. tThis Act.

14 BANKING. PARTII.- - - - - - - - - - - - - - - --- --- --- -~ AM OF EN " D T M H E E NTS Co-ordiMtion of Rural Advances, Etc., Act. 9 GEO. VI. No. 18, 'CO·ORDINATION OFR~ - - - - - - - - - - - - - - - - - - - - - - - - - ± ~ ito~~ ~ ~ Oo-ordination oj Rural Advances and Agricultural Bank 1: 3~ ~ O t8i::" Acts and Other Acts Amendment Act of 1945" shall be read and construed as if the term therefor shall comprise a full period of three years during which no payments whether of interest or principal shall be demanded by the Bank from or payable by the mortgagor concerned; and the Bank is hereby empowered and authorised to make such necessary adjustments to give effect to this provision accordingly. (ii.) For the purposes of this subsection the term " eligible person" shall mean- (a) A discharged member of the Forces who has been honourably discharged after not less than six months' war service, or having, in the opinion of the Minister, been materially prejudiced by reason of his war service, has been honourably discharged after less than six months' war service; (b) A person included in any class of persons which the Governor in Council may, by Order in Council, from time to time approve. For the purposes of this definition- (a) The expression "member of the Forces" shall have the same meaning as in section four of the * Re-establishment and EmploymentAct1945 of the Commonwealth; (b) The expression" war service" shall have the same meaning as in paragraphs (a), (b), (c), (d), and (e) of section four of the * Re-establishmentandEmploymentAct1945 of the Common- wealth; and (c) The term "the War" means the War which commenced on the third day of September, one thousand nine hundred and thirty-nine, and includes any other war in which His Majesty became engaged after that date and before the passing of t" The Oo-ordination of Rural Advances and Agricultural Bank Acts and Other Acts Amendment Act of 1945." " Amendment 5. Section twenty-eight of t" The Oo-ordination of of8.28. Rural Advances and Agricultural Bank Acts, 1938 to 1944," is amended by deleting the figures " 500" in the second * No. II of 1945 of the Commonwealth. t This Act. t 14 G. 5 No. 41 and amending Acts (consolidated), 1943 Sess. v., p. 163.

BANKING. 15 PART II.- 1 _ 9 _ 4 _ 5 _ . ____ C __ o- _ o _ r _ di _ n _ a _ ti _ o _ n _ o _ f __ R' _ u, _ ra _ .[ __ A _ d _ v _ an _ c _ e _ s _ , _ E _ t _ c. _ , _ A _ c _ t _ . ________ C A o MOE ~ FN R D. . l ~ ITIJH ~ iNE O TS N column of the table opposite to the words "Purchase ~ G~ ~ : ~ . of agricultural machinery and plant, including machinery 1~ 31~ o t~ : : : and plant for fodder conservation" in the first column of the table and by inserting the figures "1,000" in lieu thereof. 6. The following new section, 29AB, is inserted after New 8. section 29AA of *" The Oo-ordination of Rural Advances 29AB. and Agricultural Bank Acts, 1938' to 1944," namely:-- "[29AB.] The Bank may, upon the application Advances of a company qualified under section eighteen of. this ~ mpanies Act to apply for and obtain advances under this Act, to p~hase make advances to it to an amount not exceeding three = J~ I: . 7 thousand pounds for the purpose of the purchase by it for fodd!lr of machinery and plant for use in fodder production and ~ ~ t; : : a pasture renovation. Subject to the above limitation renovation. such advance may be made up to the full value of the machinery and plant proposed to be purchased: Provided that any such advance shall pe for the full purchase money or the unpaid balance of the purchase money, as the case may be: Provided further that the memorandum and articles of association or, in the case of a company registered as an association under t" The Primary Producers' 00- operative Associations Acts, 1923 to 1934," the objects and rules of any company shall be deemed to include power and authority for such company to obtain advances from the Bank under this section and to do and execute all such acts, matters, and things (including securities) as may be lawfully required by the Bank with respect to such advances." 7. The Schedule to *" The Oo-ordination of Rural Amendment Advances and Agricultural Bank Acts , 1938 to 1944 , " is noef wScchleaduuslee, amended by inserting a new clause, 12A, after clause 12A. twelve of the Schedule, as follows:- " (12A.) Where the rate of interest payable immediately prior Rate of to the first day of July, one thousand nine hundred and forty-three, interest on f by any borrower in respect of any advance made before such advances date under the provisions of this Act or of any Act repealed ~ ~ ~ . efore by this Act exceeded four pounds per centum per annum such rate 1~ 43. u y, shall be, and it is' hereby declared always was, on and after such date, reduced to four pounds per centum per annum, and every such borrower shall pay, and it is hereby declared always was liable to pay, on and after the first day of July, one thousand nine hundred and forty-three, interest at the rate of four pounds per centum per annum in respect of such advance (or so much thereof as was or shall be from time to time owing)." * 14 G. 5 No. 41 and amending Acts (consolidated), 1943 Sess. v., p. ]63. t 14 G. 5 No. 45 and amending Acts, v. 7, p. 891 et aeq.

16 BANKING. PARTIII.- A~ :~ ! l~ ~ ~ TS Co-ordination of Rural Advances, Etc., Act. 9 GEO. VI. No. 18, FINANCIAL ARRANGE- MENTSAND ~ : ; : 1f: ~ PART IIl.-AMENDMENTS OF" THE FINANCIAL ARRANGE- lCTS19i: . ~ ~ TO MENTS AND DEVELOPMENT AID ACTS, 1942 TO 1944." an,d P In a s r tr t uction * " Th 8 e . F T i h n i a s nc P i a a r l t Ar o r f an th g i e s m A en c t t s a sh nd al D l e b v e el r o e p a m d e a n s t A on id e A w c i t t s h , collective 1942 to 1944," and that Act and this Part may be title. collectively cited as "The Financial Arrangements and Development Aid Acts, 1942 to 1945." oAhm. en1d8.ment and D 9 e . v S el e o c p t m io e n n e t i A gh id tee A n ct o s f , * 1 " 9 T 42 hetoF 1 in 9 a 4 n 4 c ," ia i l s A a r m ra e n n g d e e m d en b t y s adding the following new subsections seven and eight, namely:- Rate of interest on " (7.) Where the rate of interest payable immediately advances prior to the first day of July, one thousand nine hundred m1satdJeublyef,ore and forty-three, by any borrower in respect of any loan 1943. for rural development made before such date under or pursuant to this section or the provisions of t" The Income (State Development) Tax Acts, 1938 to 1942," repealed by this Act, or the provisions of any Act repealed by such lastmentioned Act, exceeded four pounds per centum per annum such rate shall be, and it is hereby declared always was, on and after such date, reduced to four pounds per centum per annum, and every such borrower shall pay, and it is hereby declared always was liable to pay, on and after the first day of July, one thousand nine hundred and forty-three, interest at the rate of four pounds per centum per annum in respect of such advance (or so much thereof as was or shall be from time to time owing). Rate of interest on (8.) The rate of interest payable by any borrower amafdatvedaren1cosents or ionr areftsepretcht eoffirasnt ydalyoaonf Jfourlyr, uoranle tdheovuesloanpdmnenint emhuadnedroend July, 1943. and forty-three, and before the passing of t" The Oo-ordination of Rural Advances and Agricultural Bank Acts, and Other Acts Amendment Act of 1945," under the provisions of this section shall be, and it is hereby declared always was, four pounds per centum per annum, and every such borrower shall pay, and it is hereby declared always was liable to pay, interest at the rate of four pounds per centum per annum in respect of such loan (or so much thereof as was or shall be from time to time owing)." * 6 G. 6 No. 26, 1942-3 Sess. v., p. 5. t 2 G. 6 No. 22 and amending Acts, 1938 Sess. v., p. 17112. t This Act.

1945. BANKING. Co-ordination of Rural Advances, Etc., Act. PART IV.-AMENDMENTS OF "THE DISCHARGED SOLDIERS' SETTLEMENT ACTS, 1917 TO 1944." 17 PART IV.- AMENDMENTS OF "THE DISCHARGED SOLDIERS' SETTLEMENT ACTS, 1917 TO. 1944." 10 This Part of this Act shall be read as one with ConstructioD- *" The Discharged Soldiers' Settlement Acts, 1917 to 1944," ~; ~ art and that Act and this Part may be collectively cited as c?llective "The Discharged Soldiers' Settlement Acts, 1917 to 1945." tItle. 11 Section eight of *" The Discharged Soldiers' Am dIn 1;, Settlement Acts, 1917 to 1944," is amended by adding ofs~ ~ . en the following new subsections thirteen and fourteen, namely:- "(13.) Notwithstanding anything to the contrary Rate of contained in this section, where the rate of interest interest on payable immediately prior to the first day of July, one ; :' da: ~ :fore thousand nine hundred and forty-three, by any 1st July. borrower in respect of any advance made before such 1943. date under this section exceeded four pounds per centum per annum, such rate shall be, and it is hereby declared always was, on and after such date, reduced to four pounds per centum per annum and every such borrower shall pay, and it is hereby declared always was liable to pay, on and after the first day of July, one thousand nine hundred and forty-three, interest at the rate of four pounds per centum per annum in respect of such advance (or so much thereof as was or shall be from time to time owing). . (14.) Notwithstanding anything to the contrary Rate of contained in this section, the rate of interest payable by indterest on any b OITower I . n respec t 0 f any a d vance un d er t h I ' S sectI . On ma avdaencoens or made on or after the first day of July, one thousand nine ~~er Y: ~ 43. hundred and forty-three, shall be, and it is hereby y. declared always was, during the second and any subse- quent year of the advance, four pounds per centum per annum, and every such borrower shall pay, and it is hereby declared always was liable to pay, during the second or any subsequent year of the advance, interest at the rate of four pounds per centum per annum in respect of such advance (or so much thereof as was or shall be from time to time owing)." * 7 G. 5 No. 32 and amending Acts, v. 5, p. 323.

18 BANKING. PARTV.- AM O E F N " DM TH EN E TS Oo-ordination Of Rural Advances, Etc., Act. 9 GEO. VI. No. 18, 1946. FARMERS' ASSISTANCE (DEBTS ADJUSTMENT) ACTSi9J~ . ~ ? TO PART V.-AMENDMENTS OF " THE FARMERS' ASSISTANCE (DEBTS ADJUSTMENT) ACTS, 1935 TO 1938." Construction 12. This Part of this Act shall be read as one with ~rart *" The Farmers' Assistance (Debts Adjustment) Acts, collective 1935 to 1938," and that Act and this Part may be title. collectively cited as "The Farmers' Assistance (Debts Adju,stment) Acts, 1935 to 1945." New s. I7A. 13. A new section, 17 A, is inserted after section seventeen of *" The Farmers' Assistance (Debts Adjust- ment) Acts, 1935 to 1938," as follows : - Rate of " [17 A.] Where the rate of interest payable ~~ ~ ; ! ~ n immediately prior to the first day of July, one thousand 1st July, nine hundred and forty-three, by any farmer in respect ~ : ~ : ble on of any .mortgage or other sec~ rity securing to the certain loans. CorporatIOn any loan under thIS Act exceeded four . pounds per centum per annum, such rate shall be and it is hereby declared always was, on and after such date, reduced to four pounds per centum per annum, and every such farmer shall pay, and it is hereby declared always was liable to pay, on and after the first day of July, one thousand nine hundred and forty-three, interest at the rate of four pounds per centum per annum in respect of such loan (or so much thereof as was or shall be from time to time owing)." PART VI.- GENERA.L. PART VI.-GENERAL. Operation of 14. The amendments made by this Act to any of Act.. the Acts hereby amended shall have operation and effect so as to modify, to the extent necessary to give operation and effect to the provisions hereof but not otherwise- (i.) The provisions of any Order in Council made under any such amended Act; and (ii.) The terms and conditions of any mortgage or other security securing any advance, loan, or assistance by way of loan hereinbefore in this Act mentioned. * 26 G. 5 No. 23 and amending Acts, v. 7, p. 994. ,