LOAN.
No. 22 of 1912.
An Act to
authorize the raising and expending of the sum of Five hundred and twenty-nine
thousand five hundred and twenty-six pounds for the acquisition for
Commonwealth purposes of property in Perth, Western Australia, and expenses
incidental thereto, and to redeem loans raised by the Government of South
Australia on account of the Northern Territory and the Port Augusta Railway.
[Assented to 24th December, 1912.]
BE it enacted by the King’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of
Australia, as follows:—
Short
title.
1.This
Act may be cited as the Loan Act 1912.
Treasurer
may borrow £529,526.
2.The
Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911
borrow moneys not exceeding in the whole the amount of Five hundred and
twenty-nine thousand five hundred and twenty-six pounds.
Purposes
for which money may be expended.
3. The
amount borrowed shall be issued and applied only for the expenses of borrowing
and for the purposes set forth in the Schedule to this Act.
SCHEDULE.
1. For the acquisition for Commonwealth purposes of property in
Perth, Western Australia and expenses incidental thereto............................................................................................
| £153,000 |
2. To redeem loans raised by the Government of South Australia on
account of the Northern Territory......................................................................................................................
| 71,945 |
3. To redeem loans raised by the Government of South Australia on
account of the Port Augusta Railway ......................................................................................................................
| 304,581 |
£529,526 |