New South Wales Grant (Leeton Co-operative
Cannery Limited)
No. 128 of 1971
An
Act to make provision for the grant of Financial Assistance to the State of New
South Wales to enable that State to make a Loan to Leeton Co-operative Cannery
Limited.
[Assented
to 16 December 1971]
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 New South Wales
Grant (Leeton Co-operative Cannery
Limited) Act 1971.
Commencement.
2. This Act
shall be deemed to have come into operation on the twenty-third day of June,
One thousand nine hundred and seventy-one.
Definition.
3. In this
Act, “the State” means the State of New South Wales.
Grant of financial assistance.
4.—(1.) Subject
to this Act, there is payable to the State, by way of financial assistance, an
amount equal to the amount or amounts expended by the State in making advances
to Leeton Co-operative Cannery Limited to enable that company to reduce its
financial indebtedness.
(2.) The amount payable to the State under this Act
shall not exceed Eight hundred and seventy-four thousand dollars.
Conditions.
5.—(1.) Payment
of the amount payable to the State under this Act is subject to such
conditions, if any, as the Minister, by instrument in writing, determines.
(2.) The conditions that may be determined by the
Minister under the last preceding sub-section may include a condition as to
repayment of the whole or part of the amount.
Appropriation.
6.