Treasury Bonds Deficiency Act 1918 (No. 2) (WA)

1919.] Treasury Bonds Deficiency. [No. 5.

TREASURY BONDS DEFICI-

ENCY.

9° GEo. V., No. XXXV.

No. 5 of 1919.

AN ACT to authorise the issue of Treasury Bonds or Inscribed Stock to provide for the Deficiency of the Consolidated Revenue Fund up to the thirtieth day of June, 1918, and for the purposes incidental thereto.

[Assented to 3rd January, 1919.]

Council and Legislative Assembly of Western Australia, in.B E it enacted by the King's Most Excellent. Majesty, byand with the advice and consent of the Legislative

this present Parliament assembled, and by the authority of

the same, as follows :—

This Act may be cited as the Treasury Bonds Deficiency Act, 1918 (No. 2). /e.

1.

2. (1.) It shall be lawful for the Governor, during three Authority to a or

years from the passing of this Act, to raise by way of loan, stock•

by the issue of Treasury Bonds or Inscribed Stock, the sum

of Seven hundred and fifty thousand pounds, or such several

sums as shall not exceed in the whole Seven hundred and

fifty thousand pounds, for the purposes of this Act.

(2.) The deficiency debt of the Consolidated Revenue Fund at the thirtieth day of June, One thousand nine hun- dred and eighteen, shall be transferred to and placed to the

debit of the Deficiency Account at the Treasury opened pur- suant to the Treasury Bonds Deficiency Act, 1916, and the proceeds of the Treasury Bonds or Inscribed Stock issued under the authority of this Act shall be applied to the liquida- tion of such deficiency debt by being placed to the credit of such account.

No. 5.] Treasury Bonds Deficiency. [1919.

Application of

Sections five, six (except paragraph (b) of the proviso), seven, eight, and nine of the Treasury Bonds Deficiency Act, 1916, shall apply to the Treasury Bonds and Inscribed Stock issued under the authority of this Act, and are incorporated with this Act.

Act No. 17 of 3.

1917.

Repeal. 4. Paragraph (b) of the proviso to section six of the Trea-

sury Bonds Deficiency Act, 1916, is hereby repealed,