Treasury Bills Act Amendment Act 1916 (WA)

WESTERN AUSTRALIA.

ANNO SEPTIMO

6-TORGII QUINT! REGIS,

X.

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No. 10 of 1916.

AN ACT to further amend. the Treasury

Bills Act, 1893.

[Assented to ant December, 1916.1

BE it enacted by the King's Most Excellent Majesty, by and

with the advice and consent of the Legislative Council and

Legislative Assembly of Western Australia, in this present Parlia-

ment assembled, and by the authority of the same, as follows :-

1. This Act may be cited as the Treasury Bills Act Amend- Short title.

plant Act, 1916, and shall be read as one with the Act of the Fifty-

seventh year of the Reign of Her late Majesty Queen Victoria,

Number Two, hereinafter referred to as the principal Act.

2. The first section of the principal Act is hereby repealed, Repeal of section 1 and substitution of

and the following section is inserted in its place :- new section.

1. The Colonial Treasurer may from time to time make Power to issue

out and issue Treasury Bills for raising temporarily any sum	Treasury Bills.
or sums of money not exceeding in the aggregate the amount authorised to be raised by any Loan Acts in force for the time being, whether passed before or after this Act, and not already raised at the time of the issue of the said Treasury Bills, and, on paying off and discharging any such Treasury Bills, may

1916, No. 10.] Treasury Bills Act Amendment. [7 GEO. V.

issue other Treasury Bills in lieu thereof to the extent of any

such moneys for the time being remaining unpaid.

3. Notwithstanding the provisions of section four of the principal Act. the interest payable on Treasury Bills issued during the continuance of the present war, and for two years thereafter, may be at such rate per centum per annum as the Colonial Treasurer may, in his discretion, think fit.

Rate of interest.

By Authority: FRED. WM. SIMPSoN, Government Printer, Perth.