LOAN (No. 2).
No.
31 of 1941.
An
Act to authorize the Raising and Expending of a certain Sum of Money.
[Assented
to 10th October, 1941.]
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 (No. 2) 1941.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £50,000,000.
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 Fifty million pounds
Purposes
for which money may be expended.
4.The amount borrowed may be issued and applied for the
expenses of borrowing and for the purposes of appropriations made, or to be
made, by law.
Issue
and application of £50,000,000.
5.