Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

STATUTORY RULES.

1947. No..

REGULATIONS UNDER THE COMMONWEALTH INSCRIBED STOCK ACT 1911-1946.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Commonwealth Inscribed Stock Act 1911-1946.

Dated this twenty-third day of July, 1947.

 

W. J. McKell

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendments of the Commonwealth Inscribed Stock Regulations. 

Savings Certificates.

1. Regulation 44a of the Commonwealth Inscribed Stock Regulations is amended by inserting at the end thereof the words and figures “or Form 30b”.

Schedule.

2. The Schedule to the Commonwealth Inscribed Stock Regulations is amended by inserting, after Form 30a, the following form:—

“ Form 30b.

Regulation 44a.

Maturity date:—1st

Commonwealth of Australia.

SAVINGS CERTIFICATE.

Five Years.

No.  £  No.

Issued under the Commonwealth Inscribed Stock Act 1911-1946.

Transferable by Delivery.

This Certificate entitles the Bearer to payment at any Australian Branch of the Commonwealth Bank of Australia of the sum of  together with interest amounting to  at the expiration of five years after the  day of  One thousand nine hundred and   and such sum is secured on the Consolidated Revenue of the Commonwealth of Australia.

Secretary to the Treasury.

Stamp of Issuing Office.

* Notified in the Commonwealth Gazette on , 1947.

  Statutory Rules 1944, No. 186, as amended by Statutory Rules 1946, No. 75.

3499.—Price 3d. 8/5.6.1947.

 

The Certificate may be cashed at any time within the period of five years from the date of purchase. The value of the Certificate for purposes of redemption before maturity is set forth hereunder:—

Redemption Values After Date of Purchase.

£. s. d.

Within 1 year................................................................................................

At end of 1 year.............................................................................................

At end of 2 years...........................................................................................

At end of 3 years...........................................................................................

At end of 4 years...........................................................................................

At maturity (5 years)......................................................................................

This Savings Certificate is payable at face value plus accrued interest amounting to five years after date of purchase. The amount then payable includes the amount paid for the Certificate and compound interest thereon. Interest will cease at the date of maturity of the Certificate.

A person is not entitled to purchase or own Savings Certificates of a greater face value than £250.”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.