The Redemption of Public Securities Act 1905 (SA)

EDWARDI V11 REGIS.

A. D. 1905.

No. 896.

An Act to provide for the Redemption of Public Securi-

ties, and for other purposes.

[Assented to, December ptk, 1905.1

HEREAS it is expedient to provide for the redemption of Preamble.

public secuities which become due on or before the first day of October, one thousand nine hundred and ten, by the sale or exchange of other public securities-Be it therefore Enacted by the Governor of the State of South Australia, with the advice and consent of the Parliament thereof, as follows:

ties Act, 1905," and shall be read and incorporated with the incorporation.	1, This Act may be cited as " The Redemption of Public Securi- short title and
Inscribed Stock Act, 1 882," and " The Inscription of Stock

shall bear interest at a rate not exceeding Four Pounds per centum when redeemable

per annum, and the interest and principal of such stock or

bills shall be payable and paid to the holder thereof at such place

and

Amendment Act, 1895 ."

2, Notwithstanding anything contained in the Inscribed Stock Authority Inscribed stock to isme or

Act, 1882," it shall be lawful for the Treasurer for the time being Trea80ry

of the said State from time to time to issue and sell or exchange

Inscribed Stock or Treasury Bills, or partly in one way or partly in

another, for such amounts as he may deem expedient, for the pur-

pose of redeeming any Bonds or Treasury Bills issued under " The

Railway Loan Act, 1876," and the respective Public Purposes Loan

Acts set forth in the Schedule hereto.

3. The Inscribed Stock or Treasury Bills issued under this Act b t e of inter& e

5 EDWARDI VII, No. 896.

The Redemption of Public Securities Act.--1 905.

and at such times as may be specified or provided on such stock 6r bills: Provided that the principal of such stock shall not be payable nor paid before the expiration of fifteen years, and the time appointed for payment thereof shall not extend beyond thirty years from the time of issue of the said Inscribed Stock; and the principal of such Treasury Bills shall be payable to the holder thereof on presentation a t the due date thereof, being not more than seven years from the date of the issue of such Treasury Bills; but all or any of the Treasury Bills issued under this Act may, with the consent of the holders thereof, be paid off at the par face value thereof, with interest thereon to date of payment, at any time previous to the due date thereof.

Regulations under

Act 619, 1895, to 4, All regulations heretofore made. or hereafter to be made,

apply to inadbed

under the provisions of " The Inscription of Stock Amendment Act,

stock iseued under

this Act.

1895," shall apply to Inscribed Stock issued under the provisions of

this Act.

Act 788, 1902, in-

Certain eections of 5, Sections 2, 3, 10, 11, 12, 13, and 14 of Act No. 788 of 1902

oluded in this Act.

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

included herein.

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

this Bill.

GEORGE R. LE HUNTE, Governor.

SCHEDULE

5 O EDWARDI VII, No. 896.

-- - The Hedemp tion of Public Securities Act.-1 905.

SCHEDULE REFERRED TO.

Proportion Amount

Name of Act. No. nf Act. of of When Due.

Loan. Loan.

-- -- ---

BONDS- $2

The Railway Loan Act. .. .. . 47 of 1876 First 1,000,0~10 January lst, 1907

instalment

The Railway Loan Act. .. .. . 47 of 1876 Second 500,000 January lst, 1908

instalment

The Railway Loan Act. . .. .. 47 of 1876 Third 688,500 July lst, 1908

inetalment

The Public Purpoees Loan Act 67 of 18i6 Whole 76 1,600 July let, 1908

The Public Purposes Loan Act 77 of 1877 Whole 1,036,600 January l&, 1909

The Public Purposes Loan Act 129 of 1878 W hole 2,068,000 January lst, 1909

TRBA~URY BILT.B--

The Public Purposes Loan Act	753 of 1900	Portion	137,860	Between April 19th, 1907, and August lst, 1910
The Public Purposes Loan Act	776 of 1901	Whole	763,150	Between December

Oth, 1904, and

January let, 1909 Between May 2nd, 1907, and August let, 1909

The Public Purposes Loan Act 809 of 1902 Whole 449,400

. ---