LOAN
(HOUSING).
No. 45 of 1945.
An Act to authorize the Raising of Moneys to be advanced to the
States for the purposes of Housing.
[Assented
to 11th October, 1945.]
[Date
of commencement, 8th November, 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
(Housing) Act 1945.
Authority
to borrow £15,000,000.
2. The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1945,
or under the provisions of any Act authorizing the issue of Treasury Bills,
borrow moneys not exceeding in the whole the sum of Fifteen million pounds.
Application
of moneys.
3. Moneys borrowed under this Act shall be issued and applied only
for the expenses of borrowing and for making advances to the States for the
purposes of housing in pursuance of the agreement the execution of which is
authorized by the Commonwealth and State
Housing Agreement Act 1945