Government Stock Act of 1912 (3 Geo v No. 2) (Qld)

5650 Governmpnt Stoclc Act. 3 GEO. V. No. 2, ] 912. 3 Geo. v. An Act to Authorise the Raising oflVIoney under any N; ~: . Government Loan Act by the Issue from time ' ~~ ~ ~R~~:N~ to time of Short-dated Treasury Bills, Deben- 1912. tures, or other form of Government Securities, as and when occasion may arise. [ASSENTED TO 9TH JULY, 1912.J B E it enacted by the King's Most,Excellent Majesty, by and with the advice and consent of the Legis- lative Council and Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows :- Short title. 1. This Act may be cited as " The Government Stock Act of 1912." Interpreta- tion. . 2. For the purposes of this Act, the term" Gover:n- ment Stock" means and includes Debentures, Treasury Bills, and any other form of Government Stock or. Securities having a currency not exceeding five years from the date of the issue thereof, and bearing interest at a rate not exceeding four pounds per centum per annum. Issue of 3. Where under any Government Loan Act already a SGautootvhceokrrnismede. nt pthaessreedun( difetrhheawvehonloetoaflrtehaedsyubmesenaubtohrororiwseedd) t,oobreubnodrerrowaneyd future Government Loan Act, date is fixed not later than which all sums borrowed under the authority of the said Acts respectively shall be repayable, it shall be lawful for the Governor in Council, from time to time as occasion may arise, to cause Government Stock to be issued under this Act and under any of the aforesaid Acts to be specified, and from time to time, as and when such Government Stock becomes repayable, to repay the amount thereof and reissue the same or any part thereof, and so from time to time as may be deemed desirable: Provided that- (i.) The date on which the last issue of such Govern- ment Stock shall become repayable shall not be laJ;er than the date prescribed by the Govern- ment Loan Act under which such Stock is issued as the latest date on which. all sums borrowed ther:eunder shall be repayable;

LOANS. 5651 3 GEO. V. No. 8, 1912. Uov. Savil1fl8 Bank Stook, etc., Amendment Act. (ii.) Government Stock issued under this Act shall, until repayment, be deemed to be part of the sum authorised to be borrowed by the Govern- ment Loan Act under which such Government Stock has been issued. 4. It shall be lawful to issue Government Stock under Rate of this Act bearing interest at a rate not exceeding .four interest. pounds per centum per annum, notwithstanding that by the Government Loan Act under which such Stock is declared to be issued the rate of interest authorised to be paid is less than the aforesaid amount. 5. (1.) Government Stock issued under this Act and Application of under a specified Government Loan Act shall be subject in l~ : : r1: : ~ t all respects to the provisions of the said Government Loan Act, except in so far as those provisions are modified by this Act. (2.) The provisions of any Government Loan Act establishing a sinking fund ih respect of the loan to be borrowed thereunder shall not apply to Government Stock issued under this Act. An Act to Amend" The Government Savings Bank 3 Gco. v. Stock Acts, 1894 to 1897," "The Government N;~: . Loan Act of 1908," and "The Treasury Bills G~ : ~ ~ ~ ~ : NT Act of 1911" by increasing the Rate of Bt~~ N~~ ~ ~K, Interest which may be payable on Loan Jl~ ~ ~SX~~ B Moneys raised thereunder. . t~ ~ E~ ~ ~ : ; 2~ [AsSEN'l'ED TO 2/ *TH OC'l'OBEH, 1912.J B E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the 1.egis- lative Council and Legislative Assembly of Queensland in Parliament assembled, and by the authority of tlle same, as follows:- 1. '['his Act may be cited as " Tile Gover'nment SavingsS\,ort title. Bank Stock, Loan, and Treasury Bills Acts Amendment A.ct of HH2." 2. (1.) In section four of " The Government Savings Rate of Bank Stock Act of 1894,"* the words "three and a-half " jn~ erest are repealed, and the words" four pounds" are inserted in ralsed. lieu thereof. ';0 58 Vie.'No. Si, supra,page 121.