Loan (War Service Land Settlement)
No. 59 of 1965
An
Act to authorize the Raising and Expending of a sum not exceeding Three million
eight 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 6 October, 1965]
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 1965.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Authority to borrow £3,800,000.
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 Three million eight 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 2 of the States
Grants (War Service Land Settlement) Act 1952