LOAN.
No.
3 of 1943.
An
Act to authorize the Raising and Expending of a certain Sum of Money.
[Assented
to 1st March. 1943.]
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 1943.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £100,000,000.
3.The Treasurer may, from time to time, borrow, under
the provisions of the Commonwealth
Inscribed Stock Act 1911-1940, or under the provisions of any Act
authorizing the issue of Treasury Bills, moneys not exceeding in the whole the
amount of One hundred million pounds.
Purposes
for which money may be expended.
4.The amount borrowed may be issued and applied only for
the expenses of borrowing and for the purposes of appropriations made, or to be
made, by law.
Issue
and application of £100,000,000.
5.