The Surplus Revenue Act 1906 (SA)

EDWARDI V11 REGIS.

A.D. 1906.

No. 911.

An Act to apply Surplus Revenue in or towards Reduction

and Redemption of the Public Debt.

[ A sseded to, December 2.2~24 1906.1

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

of Public Securities becoming due on or before the first day of October, one thousand nine hundred and ten, and thereafter, other than by the issue of Inscribed Stock or Treasury Bills provided for in section 2 of Act No. 896 of 1906-Be it therefore Enacted by the Governor of the State of South Australia', with the advice and consent of the Parliament thereof, as follows:

1, This Act may be cited as G The Surplus Revenue Act, 1906." short title.

2. From and after the passing of this Act, subject to the pro- Application of

visions of section 6 of' the Act No. 788 of 1902, the whole of the eurplua revenue.

surplus of the general revenue of the said State (if any) shall be

set apart on the thirtieth day of June in each year, and shall

form and constitute a Sinking Fund, to be applied in or towards the

payment of maturing Government Securities, or in the purchase, in

the open market or otherwisr, of such Bonds, 1nscriGed or Con-

solidated Stock, or Treasury Bills heretofore issued as the Treasurer

may direct.

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

this Bill.

GEORGE R. LE HUNTE, Governor.

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Adelaide : By authority, C. E. BRI~TOW, Government Printer, North Terrace.