Rural Relief Fund Act Amendment Act 1947 (WA)

1947.] Rural Relief Fund. [No. 6.

RURAL RELIEF FUND.

11° GEO. VI., No. VI.

No. 6 of 1947.

AN ACT to amend Section Eleven of the Rural Rolle:

Fund Act, 1935.

[Assented to 10th October, 1947.]

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 Western Australia, in this present Parliament assembled, and by the authority of the same as follows :—

1. This Act may be cited as the Rural Relief Fund Short title

Act Amendment Act, 1947, and shall be read as one with

the Rural Relief Fund Act, 1935 (No. 17 of 1935) as amended by Act No. 39 of 1942, hereinafter referred to as the principal Act.

The principal Act as amended by this Act may be cited as the Rural Relief Fund Act, 1935-1947.	principal ActCitation of
as amended.

2.

3.	Section eleven pf the principal Act is amended as	Amendment
of a. 11.

follows :-

(a) By deleting from subsection (1) the words "The advance shall be secured over all the assets of the farmer (including after acquired assets) by a mortgage or charge in favour of the Min- ister in the prescribed form," in lines five, six, seven and eight and substituting the words "The advance shall be secured by a mortgage or charge in favour of the Minister in the

No. 6.] Rural Relief Fund. [1947.

prescribed form over all the assets of the farmer at the time of the execution by the farmer of such mortgage or charge but exclud- ing assets of the farmer acquired after such execution by the farmer and no mortgage or charge, whensoever executed, subsisting pursuant to this section shall affect such after acquired assets, any provision thereof, express or otherwise, to the contrary notwithstand- ing."

(b)	By inserting after the figure three in brackets at the commencement of subsection (3) the figure one in brackets, thus (i).
(c)	By inserting in subsection (3) after the word "circumstances" in line twenty-four the following:

''(ii) The Trustees shall have the auth- ority to consider the amounts outstanding and owing by farmers, and according to the circumstances of each case seek repayment from farmers of percentages of the debt outstanding of from five per centum up to and not exceeding twenty per centum and on obtaining such repayments shall by authority of this subsection

(a)	write off the balance of indebted- ness due by the farmer to the Trustees and thereupon the farmer shall be discharged there- from;
(b)	discharge the assets of the farmer from the operation of such mort- gage or charge.

(iii) The power given to the Trustees by paragraph (ii) of this subsection are in addition to and not in derogation of :Lily power given to them by paragraph (i) of this subsection."

( d ) By inserting in subsection (3) before the words "The Provisions" in line twenty-five the figure four in brackets, thus (4).