LOAN
(HOUSING).
No. 66 of 1947.
An Act to authorize the Raising of Moneys
to be advanced to the States for the purposes of Housing.
[Assented
to 4th, December, 1947.]
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 1947.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £13,000,000.
3.The Treasurer may, from time to time, under the
provisions of the Commonwealth Inscribed
Stock Act 1911–1946, or under the provisions of any Act authorizing the
issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of
Thirteen million pounds.
Application
of moneys.
4.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