Loans (Interest) Act 1914 (NSW)

LOANS (INTEREST) ACT.

Act No. 23, 1014.

An Act to authorise the raising of loans under existing Acts at rates of interest exceeding four per centum per annum ; for that purpose to amend certain Acts ; and for purposes consequent thereon or incidental thereto. [Assented to, 7th November, 1914.]

BE it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis-	lative Council and Legislative Assembly of New South
Wales in Parliament assembled, and by the autb.o'.-'ty < f tbe same, as follows :

1 . This Act m a y b e cited as the "Loans (Interest)

Act, 1914."

This Act shall have effect for twelve months from the

date of its'passing, and no longer. 2 .

2 . The Governor may, under any Acts now in force authorising the raising of loans, raise such loans by the issue of debentures, inscribed stock, or Treasury bills, bearing interest at rates exceeding four per centum per annum, notwithstanding any provisions to the contrary in such Acts.