Loan (Supplementary Borrowing)
No. 3 of 1969
An
Act to authorize the Raising and Expending of certain Moneys.
[Assented to 8 April 1969]
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 (Supplementary Borrowing) Act 1969.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow $50.000.000.
3. The
Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911-1966,
or in accordance with the provisions of any Act authorizing the issue of
Treasury Bills, borrow moneys not exceeding in the whole One hundred and fifty
million dollars.
Application
of moneys.
4. Moneys
borrowed under this Act shall be issued and applied only for the expenses of
borrowing and for the purposes of payment to the credit of the Loan
Consolidation and Investment Reserve established by the Loan Consolidation and Investment Reserve Act 1955