General Loan and Inscribed Stock Act Amendment Act 1925 (WA)

1925.] General Loan and Inscribed Stock. [No. 31,

GENERAL LOAN AND INSCRIBED STOCK.

16° GEO. V., No. XXXI.

No. 31 of 1925.

AN ACT to amend the General Loan and Inscribed

Stock Act, 1910.

[Assented to 16th December, 1925.]

B E it enacted by the King's Most Excellent Majesty, byCouncil and Legislative Assembly of Western Australia, inand with the advice and consent of the Legislative

this present Parliament assembled, and by the authority of

the same, as follows:-

Short title.

This Act may be cited as the General Loan and Inscribed Stock Act Amendment Act, 1925, and shall be read

1.

as one with the General Loan and Inscribed Stock Act, 1910,

hereinafter referred to as the principal Act.

Amendment of

Section eighteen of the principal Act is hereby amended

by inserting therein, in place of paragraph (a) of the proviso,

a paragraph as follows:

Section 18.

2.

(a) that the interest on such inscribed stock or deben- tures shall, as from the first day of January, nine- teen hundred and twenty-six, not exceed five and a-half per centum per annum.

(1.) Notwithstanding anything contained in section ten of the principal Act, sinking fund contributions for the re-	Amendment of
Sinking Fund—
Section 10.
demption of loans issued by the Government of the Common- wealth of Australia on behalf of the State may accrue from the date of issue of such loans.
(2.) Sinking fund contributions as aforesaid shall be paid to the Government of the Commonwealth of Australia and shall be subject to the provisions of the National Debt Sink- ing Fund Act, 1923-1924.
(3.) This section shall apply to loans issued before or after the passing of this Act.

3.