LOAN (WAR SERVICE LAND SETTLEMENT).
No. 55 of 1963.
An Act to authorize the raising and expending of a sum not
exceeding Four million two hundred and twenty-five thousand pounds for a
Defence Purpose, namely Financial Assistance to the States of South Australia,
Western Australia and Tasmania in connexion with War Service Land Settlement.
[Assented to 18th October, 1963.]
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 1963.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow £4,225,000.
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 Four million two
hundred and twenty-five thousand pounds.
Application
of moneys.
4.Moneys
borrowed under this Act shall be issued and applied only for the expenses of
borrowing and for the purpose of financial assistance to the States of South
Australia, Western Australia and Tasmania in accordance with the provisions of
sub-section (1.) of section two of the States
Grants (War Service Land Settlement) Act 1952