LOAN
(WAR SERVICE LAND SETTLEMENT).
No. 86 of 1964.
An Act to
authorize the Raising and Expending of a sum not exceeding Four million five
hundred 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 5th November, 1964.]
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 1964.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Authority
to borrow £4,500,000.
3.The
Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1963,
or in accordance with the provisions of any Act authorizing the issue of
Treasury Bills, borrow moneys not exceeding in the whole Four million five
hundred 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