Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

STATUTORY RULES.

1940. No. 40.

 

REGULATIONS UNDER THE COMMONWEALTH INSCRIBED STOCK ACT 1911-1933.*

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 1911-1933.

Dated this Twenty Eighth day of February, 1940.

Governor-General.

By His Excellency’s Command,

For Treasurer.

 

Amendments of Commonwealth Inscribed Stock Regulations. 

1. After regulation 55 of the Commonwealth Inscribed Stock Regulations the following regulation is inserted:—

“War Savings Certificates.

55a. Treasury Bonds, to be known as War Savings Certificates, may be prepared in accordance with Form 31a.”.

2. After Form 31 in the Appendices, the following form is inserted:—

Form 31a.

Regulation 55A.

Face value is payable on  19  (Being seven years after purchase date.)

Commonwealth of Australia.

WAR SAVINGS CERTIFICATE.

No.

£

Issued under the Commonwealth Inscribed Stock Act 1911-1933.

Transferable By Delivery.

Redemption Values after Date of Purchase

This Certificate entitles the Bearer to the payment at any Australian Branch of the Commonwealth Bank of Australia of the sum of  at the expiration of Seven

years after the  day of

One thousand nine hundred and forty-

and such sum is secured on the Consolidated Revenue of the Commonwealth of Australia.

Secretary to the Treasury.

 

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 end of 5 years.....................................................

At end of 6 years.....................................................

At maturity (7 years)

Stamp of Issuing Office.

Signature of Issuing Officer.

* Notified in the Commonwealth Gazette on  , 1940.

  Statutory Rules 1927, No. 157, as amended by Statutory Rules 1928, Nos. 29 and 61; 1931, Nos. 17, 102, 129 and 151; 1932, Nos. 71 and 135; 1934, Nos. 8 and 123; 1935, No. 128; 1936, No. 72; and 1938, No. 50.

935.—6/12.2.1940.—Price 3d.

[Back of Form.]

This War Savings Certificate is payable at face value on the date which is exactly seven years after the 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.

This War Savings Certificate is payable to bearer and is transferable by delivery.

The principal sum and the interest secured by the Certificate will be free from Stamp Duty under any law of the Commonwealth or a State, and the interest will be free of Commonwealth and State Income Tax.

The Certificate may be cashed at any time within the period of seven years from the date of purchase. The value of the Certificate for purposes of redemption before maturity is set forth on the face hereof.

No person shall be entitled to purchase or own War Savings Certificates of a greater face value than £250.

 

Received the sum of [Amount in words and figures.] being the value of this Certificate at this date.

Date  Signature

 

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