Treasury Bills Act 1887 (SA)

ANNO QUINQUAGESIMO ET QUINQUAGESIMO

PRIM0

VICTORIB REGINAE.

A.D. 1887.

No. 418.

An Act to provide for the raising of a sum not exceeding

One Million One Hundred Thousand Pounds

by the issue of Treasury Bills, and for other

purposes.

[Assented to, Decemder 9th, 1887.1

E it Enacted by the Governor of the Province of South Aus- Preamble.

and House of Assembly of the said province, in this present	B tralia, with the advice and consent of the Legislative Council
Parliament assembled, as follows:

1, The Treasurer for the time being of the said province may T ,,- , , , , ,

issue from time to time Bills, to be ca l ld " Treasury ~ i l l s, " for thk ~ ~ $ O ~ i ~ ~ ' $ -

purpose of raising any sum or sums of money, not exceeding in the Bilh.

aggregate the sum of One Million One Hundred Thousand Pounds.

2, All such Treasury Bills shall be prepared and made out at the F,, ,fBnb.

Treasury in Adelaide, in such method and form, and with coupons for the interest payable from time to time, as shall be prescribed by the Treasurer.

3. A11 such Treasury Bills shall be numbered consecutively, B'& and CoupOM to

beginning with a certain number and progressing arithmetically by

numbwda

units, and the coupons attached to elery such Bill shall bear corres-

ponding numbers.

4. All the said Treasury Bills shall be prepared and made out Counterfoils ~ i ~ r

with such counterfoils as shall be directed by the said Treasurer. to bemd

418 S. Unless

Treasury Bills Act.-1 887.

cOPnte*Oilam~b

in duplicate. 5. Unless otherwise directed by the said Treasurer, two counter-

foils shall be made to every Treasury Bill; and one of such counter-

C m ~ ~ o f o O m k -

foil#. foils shall remain in the Treasury, and thc other shall be lodged

destroyed. directions as shall be given by the Governor from time to time for Map becancelled or with and kept by the Commissioners of Audit, subject to such

keeping, caucelling, or destroying the same.

B* how besigned 6. Every such Treasury Rill shall be signed by the said Treasurer,

aad r e g i M d.	and shall be registered by the Commissioners of Audit, and shall be issued for a sum of Twenty-five Pounds, Fifty Pounds, One
sum for which Bills	Hundred Pounds, Five Hundred Pounds, or One 'I'liousand Pounds,
ohd isaue.	and shall be payable to the holder thereof, on presentation at or after the due date thereof, being a period. not less than three nor
When payable.	more than ten years from the date of' such Rill, to be fixed by the Treasurer, and to be specified in such Bill, and shall bear interest at
Rate of intereat.	and after the rate of Threepence per diem for every One Hundred
When intemt	Pounds, to bc computed from the dav on which such Bill shall be
payable.	respectively issued and bear date, a i d such interest ohall be paid quarterly, on presentation of the coupon by the holder of such coupon; but no interest shall become payable on any such Bill after
the due date for the payment of the principal.
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to be paid out of	7. All the principal moneys mentioned i11 such Treasury Bills, and intended to be secured and made ~avable therehv. and all iuterest thereon, shall be a charge upon, 'an'd shall be payable out of, the General Revenue of the saiC province; and shall also be a first charge upon all purchase-money arising from the sale of lands to be sold for the purpose of forming a fund for the payment thereof, pursuant to The Crown Lands Amendment Act, 1887.''
QeneralRevenue.

Ba5" c O U ~ m ~ 8. All the said Treasury Bills, when due, and all coupons for

be payable at

Tmaury.

interest thercon, shall bc payable by the said Treasurer at the

Treasury of the said province. -

Billa or coupons

detaohed may be	9, In case any Treasury Bill, or the coupons attached thereto,
exchanged for new

Bille with new	shall by any accident be defaced, the said Treasurer may from
mpone attached.	time to time, on such Bill and coupons being delivered up to him, cause a new Bill with a sufficient number of coupons attached thereto to represent the unpaid coupons attached to such defaced Bill to be made out and delivered to the holder of such defaced
Bill in lieu of the Bill or coupons so defaced, and the Bill or
coupons so defaced shall be cancelled by the said Treasurer; and the Bill so to be made out in lieu thereof shall have a like currency, and shall, in all respects, be subject to the same rules, regulations, and provision^ as by this Act are declared of and concerning the
Bill hereby authorised to be issued, and in substitution for which
such new Bill shall be made out as aforesaid, and shall bear the same number or numbers, datcs, and amounts, and bear the like interest, and have the same number of coupons sls the Bill so cancelled bore respectively.

50" & 51' VICTORIW, No. 418. 3

Deasuy Bills Act.-1 887.

10, In case proof shall be made to the satisfaction of the said ProGion aa to Bills

Treasurer, by affidavit or otherwise, that any Treasury Bill has by lost Or destm~ed.

casualty or mischance been lost, burnt, or otherwise destroyed, it

interest moneys due upon such Bill so lost, burnt, or otherwise last may be paid to alleged	shall be lawful for the said Treasurer to cause the principal. and Prmcipal and intereat
destroyed to be paid as the same respectively become due to the person or persons claiming to have been thc last holder or holders of
the said Bill, in like manner as if thc original Bill had been brought
in to be paid off: Provided that the person or persons so receiving Proviao to security.
the principal money and interest in respect of such Bill alleged to have been lost, burnt, or otherwise destroyed, shall give security to the satisfaction of the said Treasurer against any lawful claim which may be made upon the said fieasurer, or the Government of the said province, in respect of the Bill so alleged to have been lost, burnt, or destroyed.

11, Any such Treasury Bills may be negotiated, sold, or disposed ~ ~ t ~ ~ ~. b be

of bv the said Treasurer, who may fix the limit of price below

which the said Bills shall 'not be so "negotiated, sold, or kisposed of.

12. Any Government or Treasury Bond payable in Adelaide ~ ~ ~ i $ ~ ~ o $ O n

may, with the consent of the Treasurer, be cxchangc!d for any other may be exchanged.

~ o i e r n m c n t or Treasury Bond of the like terms: but pav&lc in London, to be issued by the Treasurer, and vice versa as regards any Government or Treasury Bond payable in London.

Cancelling of dia-

13. All Treasury Bills issued under this Act, which shall be paid , , , , . , , ,

off and discharged, shall be cancelled; and after being so cancelled, and the accounts thereof having been audited and allowcd, and the counterfoils delivered back into the Treasury, all such Bills, together with such counterf oils, shall bc burned or otherwise destroyed undcr the authority of tllc said Treasurer,

14, Whosoever shall forge, fabricate, or counterfeit, wholly or in Counterfeiting Bills to be forgery, and to

part, any papcr, writing, or instrument purporting to be a Treasury

puoished,

Bill, under or according to this Act, or who shall forge, counterfeit, alter, add to, obliterate, or wilfully mutilate or clefice any word, letter, or figure in or upon any such Treasury Bill, or who shall fill up with any word, letter, or figure any blank space in or upon any such Treasury Rill, whether issued or not, and whether wholly or partly made under this Act, or who shall utter, pass, or negotiate, or attempt to utter, pass, or negotiate, any such forged, fabricated, counterfeited, altered, added to, obliterated, ~vilfully mutilated, or defaced or filled up Bill, as aforesaid, knowing the same to be so, shall bc guilty of fclony, and being convicted thereof shall be liable, at the discretion of the Court, to be kept in penal servitude for life, or for any term not less than three years, or to be imprisoned for any term not exceeding two years with or without hard labor or with or without solitary confinement.

4 50" 8; 51" VICTORIW, No. 418.

llveasuly Bills Act,-1887.

Money0 xaised to

facrm part d General 15, All such sums of money as shall be raised by Treasury Bills

Itweme.	under the authority of this Act, shall be carried to and form part of
the General Revenue of the said province,

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

this Bill.

WM. C. F. ROBINSON, Governor.

Adelaide: By authority, E. SPILLBB, Government Printer, North~temce.