Loan and Inscribed Stock (Sinking Fund) Act 1927 (WA)

No. 14.] Loan and Inscribed Stock (Sinking Fund). [1927.

LOAN AND INSCRIBED STOCK

(SINKING FUND).

18° Gm. V., No. XIV.

No. 14 of 1927.

AN ACT relating to the Sinking Fund for the redemption

of certain Loans.

[Assented to 23rd November, 1927.]

lative Council and Legislative Assembly of Western Austra-B E it enacted by the King's Most Excellent Majesty,by and with the advice and consent of the Legis-

lia, in this present. Parliament assembled, and by the

authority of the same, as follows :—

Short title. 1.

This Act may be cited as the Loan and Inscribed Stock (Sinking Fund) Act, 1927.

Authority to

suspend contrIbu• 2.

(1) The Governor may, with the consent of the Trustees of the Sinking Fund for the redemption of any loan to which paragraph (a) of section twelve of the General Loan and Inscribed Stock Act, 1910, applies, suspend the contribution to such sinking fund if the Trustees are satisfied that the value of the fund for the time being is sufficient to enable the loan to be redeemed at the due date.

Mons to Sinking

Fund.,

(2) The contribution to the sinking fund for the re- demption of Western Australian Inscribed Stock maturing on the fifteenth day of January, One thousand nine hundred and thirty-four, may be suspended as from the fifteenth day of July, One thousand nine hundred and twenty-six.

Provided that the contribution shall recommence if the Trustees at any time deem it necessary.