Treasury Bills Act 1902 (SA)

,4NNO SECUNDO

EDWARDI V11 REGIS.

A. D. 1902.

No. 788.

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

Two Hundred and Thirty-nine Thousand Pounds by the issue of Treasury Bills.

[Assented to, October 8th, 1902.1

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 Au+ T-r may 1%

tmlia may issue from time to time Bills, to be called '' Treasury of ill^.	62.39 000 by the mue
Bills," for the purpose of raising any sum or sums of money, not exceeding in the aggregate the sum of Two Hundred and 'Thirty- nine Thousand Pounds.

2, All such Treasury Bills shall be prepared and made out at the Form& Bills.

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

3. All such Treasury Bills shall be numbered consecutively, :?;=,m

beginning with a certain number and progressing arithmetically by units, and the coupons attached to every such Bill shall bear cone- sponding numbers.

4, Every such Treasury Bill shall be signed by the Treasurer, and Bills, how to be-

shall be recorded by the Commissioner of Audit, and shall be issued and reghteted.

for a sum of either Twenty-five Pounds, Fifty Pounds, One Hundred sm8 ia B~

Pounds, Five Hundred Pounds, One Thousand Pounds, or Ten 6haL1-e.

Thousand Pounds, and shall be payable to the holder thereof on

788 presentation

2 O EDWARDI VII, No. 788.

The Treasury Bills Act.-1902.

When payable	presentation at the due date thereof, being not more than twelve
Rate of intered.	years from the date of such Bill, and shall bear interest at and after the rate of Three Pounds and Ten Shilings for every One Hundred Pounds, to be computed from the day on which such Bill shall be

When	interat	respectively issued and bear date, and such interest shall be paid
papable.	quarterly, on presentatim 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.

Principal and intereat	5, All the principal moneys mentioned in such Treasury Bills, thereon, shall be a charge upon, and shall be payable out of, the General Revenue of the said State; and the General Revenue of South Australia is hereby appropriated for payment of all the said principal moneys and interest.
General Revenue of	and intended to be secured and made payable thereby, and all interest
the Btata,

to be paid out of the

Xoneys to be set 6. There shall be paid and set apart out of the General Revenue

aide each ear till

muority J~illa.

of the said State for the purpose of meeting and paying the principal

money S mentioned in and secured by such Treasury Bills-

1. The sum of Ten Thousand Pounds for the year ending on the thirtieth day of June, ene thousand nine hundred and three:

11. The sum of Twenty Thousand Eight Hundred and Ten

Pounds during each year thereafter:

III. All surplus revenue (if any) on the thirtieth day of June

in each year credited to the Revenue Account after the

passing of this Act:

and such moneys so authorised to be paid and set apart shall be continued to be so paid and set apart until the whole of the said Treasury Bills have d d y matured.

Bill and coupons to 7. (1) A11 the said Treasury Bills, when due, and all coupons for

be payable in Ade-

laide or London. interest thereon, shall be payable by the said Treasurer at the Treasury of the said State in Adelaide or at the office of the said State in London, at the discretion of the Treasurer.

(2) 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.

Purchaeer's name may 8, The Treasurer shall, on the written application of the holder

h inscribed M

regbtered proprietor. OT purchaser from the Treasurer of any Treasury Bill, issue to such applicant a registered Treasury Bill, on which his name shall be inscribed as the registered proprietor, and shall, at the request of the registered proprietor or trar~sferee of a registered Treasury Bill and in exchange therefor, issue to him an ordinary Treasury- Bill.

Certain Treasury 9. The right, property, and interest of and in a registered

Bills to be ne tiable

by t&r.

Treasury ill,- together with the moneys, funds, and interest payable

thereunder,

2" EDWARDI VII, No. 788. -

The Treasury Bills Act. - 19 0 2.

thereunder, shall belong and be payable only to the registered pro- prietor or registered transferee thereof, and may be transferred, and

in the case of death, lunacy, or insolvency of the registered pro-

prietor transmitted, to the person entitled.

shall by any accident be defaced, the said Treasurer may from time exchanged for 10. In case any Treasury Bill, or the coupons attached thereto, ~~c~;~ybe

to time, on such Bill and coupons being delivered up to him, cause a ~ o ~ O ~ f ~ ~; d.

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 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.

11, In case proof shall be made to the satisfaction of the said Proviaion~to Bills

Treasurer, by affidavits or otherwise, that any Treasury Bill has by lost or destroyed.

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

shall be lawful for the said Treasurer to cause the principal and p ~ n C i d m d htemt

interest monegs due upon such Bill so lost, burnt, or otherwise may be paid todeged last holder.

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 in to be paid off: Provided that the person or persons so receiving the h-m	to
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 Treasurer, or the Government of the

or destroyed. said State, in respect of the Bill so alleged to have been lost, burnt, 12. Any such Treasury Bills may be negotiated, sold, or disposed HOW ~ i l l e to

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

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

off and discharged, shall be cancelled; and after being so cancelled, charged BilLs. 13. All Treasury B ills issued under this Act, which shall be aid Cancelling of h-

and the accounts thereof having been audited and allowed, all such Bills shall be burnt or otherwise destroyed under the authority of the sitid 'l'reasurer.

14. Whosoever shall forge, fabricate, or counterfeit, wholly or in Counterfeiting Bills

part, any paper, writing, or instrument purporting to be a Treasury bepded,	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,

2" EDWARDI VII, No. 788.

The Deasuy Bilk Act.-1902.

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, knowiug 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 gears, or to be imprisoned for

any term not exceeding two years with or without hard labor or

with or without solitary confinement.

-d* be

credited to the 15. All such sums of money i ts shall be raised by Treasury Bills

General Revenue.

under the authority of this Act shall be credited to the General

Revenue Account of the said State.

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

this Bill.

S. J. WAY, Lieutenant-Governor.

Adelride : By authority, C. E. BRI~TOW, Qovnmment Printer, North Tenace.