LOAN (WAR SERVICE
LAND SETTLEMENT).
No.
36 of 1951.
An Act to authorize the Raising and
Expending of a certain Sum of Money.
[Assented
to 24th November, 1951.]
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 (War Service Land
Settlement) Act 1951.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £4,125,000.
3.The Treasurer may, from time to time, borrow, under
the provisions of the Commonwealth
Inscribed Stock Act 1911-1946, or under the provisions of any Act
authorizing the issue of Treasury Bills, moneys not exceeding in the whole the
amount of Four million one hundred and twenty-five thousand pounds.
Purposes
for which money may be borrowed.
4.The amount borrowed shall be issued and applied only
for the expenses of borrowing and for the purposes of appropriations made or to
be made by law.
Issue and application of £4,125,000.
5.There may be issued and applied out of the proceeds of
any loan raised under the authority of this Act, or any other Act, the sum of
Four million one hundred and twenty-five thousand pounds for the purpose set
forth in the Schedule to this Act.
Sec.
5.THE
SCHEDULE.
—
WAR AND
REPATRIATION SERVICES.
Appropriated by this Act. |
War
Service Land Settlement— | £ |
Financial
assistance to the States in connexion with War Service Land Settlement..
| 4,125,000 |