Treasury Bills Act of 1868 No 11a (NSW)

No. XXVIII.

All Act to autliorize tlic issue of Treasury Bills, thbaŝ ills.

April, 18()8.]

"VY7HEEEAS avc Your Majesty’s most dutiful and loyal subjects tlic Preamble.

Members of the Legislative Assembly of New South Wales ill Parliament assembled towards raising the necessary supplies Avliich we have granted to Your Majesty have resolved to grant to Your Majesty the sum licreinafter mentioned Bo it therefore enacted by the Queen’s Most Excellent Maj'esty by and witli the adAucc and consent of the Lcgislath'c Council and Legislative Assembly of

Y T

N cav South M^alcs in Parliament assembled and by the authority of

the same as folloivs ;—

1. Tlie term Governor in Council whenever used herein shall interpretatio*.

mean the Governor with the advice of the; Executive Council And when any Government officer is mentioned herein the person for the time being acting for such officer and duly authorized so to act shall be also implied.

2. The Governor in Council may at any time cause any number

of Treasury Bills to be made out by the Colonial Treasurer for any S-eLury b' iis. ̂

amounts of money not exceeding in the ndiole the sum of three

hundred and forty-three thousand two hundred pounds in manner

and subject to the provisions hereinafter specified and contained.

* 3 .

124 No. 28. 3 r VIC. 1868.

Treasury Bills.

How Bills to be

maclo out and signed.	3. All such Treasury Bills shall be made out at the Treasury in such method and form and with such cheques indents and counterfoils as the Colonial Treasurer shall deem most safe and convenient And may contain one common sum or different sums in the principal moneys And shall be signed by such persons as the Governor in Council shall direct and authorize besides the Auditor General by whom they shall all be signed And the names of all other persons so authorized to sign such Bills shall be registered in the Treasury and published in the New South Wales Government Gazette before any Treasury Bills so signed shall be issued.
How to be numbered.	4. All such Treasury Bills shall be numbered consecutively beginning with number one and progressing arithmetically by units.
How principal sums	5. All principal sums to be contained in any such Treasury Bills shall be chargeable upon and paid out of the Consolidated Bevenue of the Colony and such Bills shall be made payable on the expiration of twelve calendar months from the date thereof.
to be paid.
Hate of Bills and
rate of interest.	6. All such Treasury Bills shall bear date on such days subse­ quently to the commencement of this Act as the Governor in Council shall direct xind shall bear interest payable half-yearly at a rate not exceeding six pounds per centum per annum in respect of the whole moneys contained therein And such interest shall be chargeable upon and paid out of the Consolidated Bevenue of the Colony and the growing produce thereof.
Defaced Bills may be
exchanged.	7. In case any such Treasury Bill shall be defaced by accident the Colonial Treasurer may cancel the same and cause a new Bill to bo made in the Treasury in lieu thereof and such cancelled Bill shall be filed in the Treasury And such new Bill shall have the like cur­ rency and be in all respects subject to the same rules methods and continuance and bear the same number date and principal sum and rate of interest as such cancelled Bill.
Application of
moneys raised by	8. The Colonial Treasurer may from time to time issue and apply any sum or sums of money to arise from any such Treasury Bills to any service for the year one thousand eight hundred and sixty- seven and previous years authorized to be defrayed out of the Consoli­
Treasury Bills.
Provisions for	dated Bevenue of the Colony.
paying off Bills.	9. The Colonial Treasurer may direct all or any of the Treasury Bills made and issued under this Act to be paid off and redeemed out of the moneys hereinbefore made and declared applicable to such purpose at such place and in such manner as shall he deemed most
Provision for Bills	convenient and beneficial to the public service.
lost &c.	10. Upon proof being made on oath before a Judge of the Supreme Court by any credible person that any Treasury Bill issued under this Act and held by him the number and sum whereof shall be specified by him in his evidence has been lost or accidentally burnt or otherwise destroyed before the sam?; shall have been paid off and upon such Judge certifying that he is satisfied with such proof the Colonial Treasurer may cause a new Bill to be made in the Treasury bearing the same number date principal sum and rate of interest as the Bill so lost or destroyed and to be delivered to such person upon his giving sufficient security to the Colonial Treasurer to indemnify the Treasury against any double payment if the missing Bill shall thereafter be presented for payment.
Cancelling of dis­
charged Bills.	11. All Treasury Bills issued under this Act which shall be paid off and discharged and all defaced Bills as aforesaid shall be cancelled And after being so cancelled and the accounts thereof having been audited and allowed and the cheques indents and coun­ terfoils delivered back into the Treasury all such Bills together with such cheques indents and counterfoils shall be burned or otherwise destroyed under the authority of the Colonial Treasure*.’.

‘ 12 .

1868. 31̂ VIC. No. 29. 125

fConsolidated Fund) ApproprioMon.

12. Every person who shall forge fabricate or counterfeit wholly Countcifciting Bills

or in part any paper writing or instrument purporting to he a Treasury

Bill under or according to this Act—or wlio shall forgo counterfeit ueme penalty,

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

Jfill 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 bo so shall he guilty of felony and shall hci liable	-
to the extreme punishment applicable by law to the crime of forgery.

13. All such sums of money as shall he raised by Treasury ^\ionoys raised to

Bills to ho made out in pursuance of this Act shall he carried to and	itcvcnuc.
form part of the Consolidated Bevenue of the Colony.

14. This Act shall commence on the day of the passing thereof Commencement and

and shall he styled and may he cited as the “ Treasury Bills Act

1868.”