LOAN.
No. 19 of 1945.
An Act to authorize the Raising and Expending of a certain Sum of Money.
[Assented to 3rd August, 1945.]
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 1945.
Commencement.
2.This Act shall come into
operation on the day on which it receives the Royal Assent.
Authority to borrow £150,000,000.
3.The Treasurer may, from 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 One hundred and fifty 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 £150,000,000.
5.