Commonwealth Deposit Act of 1912 (3 Geo v No. 12) (Qld)

5652 LOANS. Oommonwealth Deposit Act. 3 GEO. V. No. 12, 1912. (2.) In section two of" The Government Lo("," Act of 1908,"'" the words" Three pounds and ten shillings" are repealed, and the words " l!-'our pounds" are inserted in lieu thereof. (3.) In section five of "The Treasu,ry Bills Act of 1911,"t the words "three pounds fifteen shillings" are r~ pealed, and the words "four pounds" are insel'ted in lieu thereof• 3 Geo. V. . An Act to Authorise the Acceptance by the Trea- No. 12. THE COM- surer of the State of Queensland of the Sum of MONWEALTH DEPOSIT AOT £1,000,000 from the Commonwealth of Aus- OF 1912. tralia as a Fixed Deposit for One Year from the 5th March, 1912, bearing Interest at the Rate of £3 10s. Od. per centum per annum. [ASSENTED TO 5TH NOVEMBER, 1912.] B B it enacted by the King's Most Excellent Majesty, _ by hnd with the advice and consent of the Legis- lative Council and Legislative Assembly of ~ ueensland in Parliament assembled, and by the authority of the same, as follows ;- Short title. 1. This Act may be cited as "The Commonwealth IJeposit Act o} 1912." Commence- 2. This Act shall be deemed to have come into force ment of Act. and taken effect on and from the fourth day of March, one thousand nine hundred and twelve, and to that extent shall have retrospective ·operation. Common- 3. It shall be lawful for the Treasurer of the dweepaoltshit of State of Queensland to accept from the Treasurer of the £1,000,000 Commonwealth of Australia, by way of fixed deposit for finotreareysetar at the period of one year commencing the fifth day of March, .authorised. one thousand nine hundred and twelve, the sum of onc million pounds. Such deposit shall bear interest at the rate of three pounds ten shillings per centum per annum. Such interest shall be and be deemed to be a charge upon all the revenues of the State, and the same shall be paid by the Treasurer out of the Consolidated Hevenue Fund, which is hereby appropriated for that purpose. The amount of such deposit shall be repayable on the fifth day of March, one thousand nitJe hundred and thirteen. 8 Edw. VII. No. 19, supra, page 1844. t 2 Geo. V. No. 3, supra, page 5197.