LOAN (HOUSING)
No. 66 of 1957.
An Act to
authorize the Raising and Expending of Moneys for the purposes of Housing.
[Assented to 29th November, 1957.]
BE it enacted by the Queen’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 1957.
Commencement.
2. This Act shall come into operation on the day
on which it receives the Royal Assent.
Authority to borrow
£33,160,000.
3. The Treasurer may, from time to time, in
accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1946,
or in accordance with the provisions of any Act authorizing the issue of
Treasury Bills, borrow moneys not exceeding in the whole Thirty-three million
one hundred and sixty thousand pounds.
Application of moneys.
4.Moneys borrowed under this Act shall be issued and applied only for the
expenses of borrowing and for the purpose of making advances to States in
accordance with the agreement executed in pursuance of the authority conferred
by the Housing Agreement Act 1956