LOAN (WAR SERVICE LAND SETTLEMENT).
No.
81 of 1956.
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 7th November, 1956.]
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 1956.
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.