The Northern Territory Loan Act 1910 (SA)

GEORQII V REGIS.

A. D. 1910.

No. 999.

An Act to authorise the Treasurer to raise Moneys to the amount of One Million Eight Hundred Thousand Pounds for the requirements of the Northern Territory.

[Assented to, June rgth, 191o.l

it Enacted by the Governor of the State of South Australia,

follows: BE with the advice and consent of the Parliament thereof, as

1, This Act may be cited as The Northern Territory Loan Act, short title and

19 10," and shall be incorporated with '<The Consolidated Stock and inw~OmtiOnm

Sinking Fund Act, 1896."

2, The Treasurer may raise money to the amount of One Million Power to bomw.

Kight Hundred Thousand Pounds, by the issue and sale of South Australian Inscribed Stock, or Treasury Bills, such Stock and Bills, bearing not more than four per centum annual interest, interest payable half-yearly: Provided that the repayment of the principal thereof shall not extend beyond thirty years from the time of issue.

3. All the principal moneys mentioned in such Stock and Bills, Principaland iutmst

and intended to be secured and made payable thereby, and all interest ~ e $ , , ~ 3 ~ ~ ~ ~

thereon, shall be a charge upon, and shall be payable out of, the theNorthermTerri-

Genelal Revenue of the Northern Territory of the said State; but "v'

should the General Revenue of the said Northern Territory prove insufficient the General Revenue of South Australia is hereby appro- priated for payment of all the said principal moneys and interest, and any moneys paid out of the General Kevenue of South Australia under this Act shall be a charge upon the Generid Account of the said Northern Territory.

999 4. All

I" GEORGII V, No. 999.

The Northern Tewitory Loan Act.-1910.

DHoountn and 4.

All discounts, charges, and other expenses incurred in connec- charged to an account constituted for the purpose of paying dig- counts, charges, and other expenses incurred in connection with the floating of loans, such account shall be credited annually with con- tributions from General Revenue of the Northern Territory, not being less than ten per centum of the amount of the expenses incurred in raising the money authorised to be raised under this Act.

expenses inourred,

t~ be pia from	tion with the issue of the securities sold under this Act shall be
Betenne.
Salariee to be sub-

mitted to Parliammt. 5. All salaries of officers payable out of moneys raised under this

Act shall be annually submitted to Parliament.

Advanoee. 6, The Governor may, by warrant, conntersigned by the Chief

Secretary, authorise the Treasurer to advance to the proper Respon- sible Minister of the Crown, for the purposes of this Act, any sums of money not exceeding in the whole the sum hereby authorised to be raised; and an amount equal to the sums of money so advanced shall be retained by the Treasurer out of any moneys raised by him under the authority of this Act, and applied in repayment of the moneys so advanced.

Se~tionaofTremv	7. Sect ions2,3,10,21,12,13,aud14of ActNo.788of 1902
Billa Act, 1902,

incorporated.

shall be read and construed with this Act, as if such sections were

specifically included herein.

In the name and on behalf of His Majesty, I hereby assent to

this Bill.

DAY H. BOSXNQUET, Governor.

*

Adelaide : By authority, R. E. E.' ROOBHS, Government Printer, North Terrace.