Loan Act 1937 (Cth)

 

LOAN.

 

No. 45 of 1937.

An Act to authorize the Raising and Expending of a certain Sum of Money.

[Assented, to 13th December. 1937.]

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 1937.

Authority to borrow £2,500,000.

2.The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1933, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Two million five hundred thousand pounds.

Purpose for which money may be expended.

3.The amount borrowed may be issued and applied for the expenses of borrowing and for the purposes set forth in the Schedule to this Act.

THE SCHEDULE. Section 3.

—	Appropriated by this Act.
DEPARTMENT OF DEFENCE.	£
Naval.
Under Control of Department of Defence.
Naval construction...............................................................................................................................	451,350
Equipment for port defence................................................................................................................	110,120
Under Control of Department of the Interior.
Buildings, works and sites..................................................................................................................	73,800
Total Naval..................................................................................................	635,270
Military.
Under Control of Department of Defence.
Coast defences—equipment and works...........................................................................................	117,550
Arms, armament and ammunition.....................................................................................................	109,180
Under Control of Department of the Interior.
Buildings, works and sites..................................................................................................................	415,170
Total Military..............................................................................................	641,900
Royal Australian Air Force.
Under Control of Department of Defence.
Landplane and seaplane equipment and plant, including spare parts, machinery, tools, ordnance and engineering supplies and ammunition........................................................................................	500,000
Under Control of Department of the Interior.
Buildings, works and sites..................................................................................................................	301,820
Total Royal Australian Air Force............................................................	801,820
Civil Aviation.
Under Control of Department of the Interior.
Buildings, works and sites..................................................................................................................	112,550
Total Civil Aviation...................................................................................	112,550
Munitions Supply Branch.
Under Control of Department of Defence.
Machinery and plant for manufacture of munitions.......................................................................	149,670
Under Control of Department of the Interior.
Buildings, works and sites..................................................................................................................	158,790
Total Munitions Supply Branch...............................................................	308,460
Total Department of Defence.............................................................................	2,500,000