LOAN
(No. 2).
No. 31 of 1914.
An Act to authorize the raising and
expending of Seven million nine hundred and eighty-six thousand pounds for
certain purposes and for amending the Loan
Act 1911, the Loan Act 1912, and
the Loan Act 1913.
[Assented
to 21st December, 1914.]
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.—(1.) This Act may be cited as the Loan Act (No. 2) 1914.
(2.) The Loan
Act 1911, as amended by this Act, may be cited as the Loan Act 1911–1914.
(3.) The Loan
Act 1912, as amended by this Act, may be cited as the Loan Act 1912–1914.
(4.) The Loan
Act 1913, as amended by this Act, may be cited as the Loan Act 1913–1914.
Treasurer
may borrow £7,986,000.
2. The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1913
or the Treasury Bills Act 1914(a), borrow moneys not exceeding in
the whole the amount of Seven million nine hundred and eighty-six thousand
pounds.
Purpose
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.
Amendment
of Loan Act 1911.
4 Section two of the Loan Act 1911 is amended by omitting the
words “Commonwealth Inscribed Stork Act 1911”
and inserting in their stead the words “Commonwealth
Inscribed Stock Act 1911-1913 or the Treasury
Bills Act 1914.”
Amendment
of Loan Act 1912.
5. Section two of the Loan Act 1912
is amended by omitting the words “Commonwealth
Inscribed Stock Act 1911” and inserting in their stead the words “Commonwealth Inscribed Stock Act 1911-1913
or the Treasury Bills Act 1914.”
(a) The Treasury Bills Act 1914 is to be read as the Treasury Bills Act 1914-1915. See Act No. 25, 1915, s. 4 (infra, p. 127).
Amendment
of Loan Act 1913.
6. Section two of the Loan Act 1913
is amended by omitting the words “Commonwealth
Inscribed Stock Act 1911-1912” and inserting in their stead the words “Commonwealth Inscribed Stock Act 1911-1913
or the Treasury Bills Act 1914.”
Commencement
of Act.
7. This Act shall be deemed to have commenced on the first day of
July, One thousand nine hundred and fourteen.
SCHEDULE.
£ |
No. 1. | To redeem loans raised
by the Government of South Australia on account of the Northern Territory..........
| 400,000 |
2. | To redeem loans raised
by the Government of South Australia on account of the Port Augusta Railway.....
| 16,000 |
3. | For the purchase of
land for post and telegraph purposes.................
| 120,000 |
4. | For the construction
of conduits and for laying wires underground...
| 450,000 |
5 | To
be paid into the Consolidated Revenue Fund............................. | 7,000,000 |
Total.......................................................... | 7,986,000 |