LOAN (WAR SERVICE LAND SETTLEMENT).
No. 50 of 1955.
An Act to approve the Borrowing of Moneys for a Defence Purpose,
namely Financial Assistance to the States in connexion with War Service Land
Settlement, and to authorize the expending of those Moneys.
[Assented to 3rd November, 1955.]
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 (War Service Land Settlement) Act 1955.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow £8,500,000.
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 Eight million five
hundred thousand pounds.
Application
of moneys.
4.