LOAN
(WAR SERVICE LAND SETTLEMENT).
No.
74 of 1959.
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 1st December, 1959.]
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 1959.
Commencement.
2.This Act shall come into operation on the day on which
it receives the Royal Assent.
Authority
to borrow £7,000,000.
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 Seven million pounds.
Application
of moneys.
4.