LOAN.
No. 4 of 1944.
An Act to authorize the Raising and Expending
of a certain Sum of Money.
[Assented to 3rd April, 1944.]
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 1944.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow £200,000,000.
3.The
Treasurer may, from time to time, borrow, under the provisions of the Commonwealth Inscribed Stock Act 1911–1943, or under the
provisions of any Act authorizing the issue of Treasury Bills, moneys not
exceeding in the whole the amount of Two 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 £200,000,000.
5.