Treasury Bills Act 1901 (SA)

EDWARDI V11 REGIS.

A. I). 1901.

No. 758.

An Act to provide for the raising of a sum not exceeding Eight Hundred and Fifty Thousand Pounds by the issue of Treasury Bills.

[Assented to, October 30th~ 1901.1

E it Enacted by the Governor, with the advice and consent of

B the Parliament of South Australia, as follows:

1, The Treasurer for the time being of the State of South Aus- Treaeurermayrnise $850,000 by the issue

tralia may issue from time to time Bills, to bc called Treasury of Bilk.

Bills," for the purpose of raising any sum or sums of money, not exceeding in the aggregate the sum of Eight Hundred and Fifty Thousand Pounds.

2, Al l such Treasury Bills shall be prepared and made out at the ~ o m of Bills.

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, All such Trc.asury Bills shall bc numbered consecutivcly, B u s and coupone to

beginning with a certain number and progressing arithmeticaliy by be numbered.

units, and the coupons attached to every such Bill shall bear corre-

sponding numbers.

shall be registered by the Commissioner of Audit, and shall be issued and regbtered. 4. Every such 'l'reasury Bill shall be signed by the Treasurer, and Bilk, how to be signed

for a sum of either Twenty-five Pounds, Fifty Pounds, One Hundred S,,, for which ~ i l h

Pounds, Five Hundred Pounds, or Onc Thousand Pounds, and shall n h ~ ~ ~ s 8 u e. be payable to the holder thereof on presentation at the due date

768 thereof,

I" EDWARDI VII, No. 758.

Treasury Bills Act. - 190 1.

When payable.	thereof, being not more than three years from the date of such Bill,
Rate of interest.	and shall bear interest at and after the rate of Three Pounds and Ten Shillings for every One Hundred Pounds, to be computed from the day onuwhich such Bill shall be respectively issue2 and bear
When interest	date, and such interest shall be paid quarterly, on presentation of the
payable.	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.
to be paid out of

Principalandinterest 5, All the principal moneys mentioned in such Treasury Bills,

General Revenue of	and intended to be secured and made payable thereby, and all interest
the Northern Te+	thereon, shall be a charge upon, arid shall be payable out of, the
torp.	General Revenue of the Northern Territory of the said State; but 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 Revenue of South Australia under this Act shall be debited to the General Account of the said Northern Territory.

B* and coupo-to

be payable at 6, All the said Treasury Bills, when due, and all coupons for

Treasury.	interest thereon, shall be payable by the said Treasurer at the Treasury of the sa,ici State in Adelaide, or at the office of the said State in London, at the discretion of the Treasurer.
Bills or coupons
defaced map be	7, In case any Treasury Bill, or the coupons attached thereto, 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 def:xced 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
exchanged for new	shall by any accident be defaced, the said 'l'reasurer mav from time
Bills with new
coupons attached.
out in lieu thereof shall have a like currency, and shall, in all respects. be subject to the same rules, regulations, and provisions 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, dates and amounts, and bear the like interest, and have the same number of coupons as the Bill so cancelled bore respectively.

Provision mto Bills 8, In case proof shall be made to the satisfaction of the said

lost or destroyed. Treasurer, by affidavit or otherwise, that any Treasury Bill has by casualty or mischance been lost, burnt, or otherwise destroyed, it

Principal a ~ d intereat shall be lawful for the said Treasurer to cause the principal and

last holder. maybepaidDauegd interest moneys due upon such Bill so lost. burnt, or otherwise

destroyed to be paid as the same respectively become due to the person or persons claiming to have been the last holder or holders of the said Bill, in like manner as if the original Bill had been brought

Provided that the person or persons so receiving

Provi,, to, , c ~ t y. in to be paid off:

the principal money and interest in respect of such Bill alleged to

have

I" EDWARDI VII, No. 758.

Deasury Bills Act.- 1 9 0 1.

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 Treasurer, or the Government of the said State, in respect of the Bill so alleged to have been lost, burnt, or destroyed.

9. Any such Treasury Bills may be negotiated, sold, or disposed E;tEE.tO be

of by the said Treasurer, who may fix the limit of price below which

the said Bills shall not be so negotiated, sold, or disposed of.

10. All Treasury Bills issued under this Act, which shall be paid : L - . : $ . f y e ; ; ;

off and discharged, shall be cancelled; and after being so cancelled, and the accou&s thereof having been audited and alibwed, all such Bills shall be burnt or otherwise destroyed under the authority of the said Treasurer.

11, Whosoever shall forge, fabricate, or counterfeit, wholly or in Counterfeiting Bills

part, any paper, writing, or instrument purporting to be a Treasury be Pmi8hd.	to be forgery, and to
Bill, under or according to this Act, or who shall forge, counterfeit, alter, add to, obliterate, or wilfully mutilate or deface 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 Bill, 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, wilfully mutilated, or defaced or filled up Bill, as aforesaid, knowing the same to be so, shall be guilty of felony, 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.

12. All such sums of money as shall Le raised by Treasury Bills Money8 rai.edbbe

under the authority of this Act shall be credited to the General Northern Terribl~.	credited to the
Account of the Northern Territory of the said State.

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

this Bill.

TENNYSON, Governor.

c3

3. p---. --p

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Adelaide: By authority, C. E. BHI~TOW, Government Printer, Xorth Terrace.