LOAN
(HOUSING).
No.
73 of 1949.
An Act to
authorize the Raising of Moneys to be advanced to the States for the purposes
of Housing.
[Assented
to 28th October, 1949.1
[Date
of commencement, 25th November, 1949.]
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 1949.
Authority
to borrow £17,000,000.
2. 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 Seventeen 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