WAR
LOAN.
No. 35 of 1914.
An Act to authorize the borrowing of money
from or through the Government of the United Kingdom.
[Assented
to 21st December, 1914.]
BE
it enacted by the King’s Most Excellent Majesty, the Senate, and the House of
Representatives of the Commonwealth of Australia, as follows:—
Short
title.
1. This Act may be cited as the War
Loan Act 1914.
Authority
to borrow.
2. The Treasurer may borrow from or through the Government of the
United Kingdom moneys to such an amount that, after discount and expenses
incurred by the Government of the United Kingdom and by the Government of the
Commonwealth in connexion with the borrowing are allowed for, there will remain
for expenditure an amount not exceeding Eighteen million pounds.
To
be paid into Consolidated Revenue.
3. Moneys borrowed under this Act shall be paid into the
Consolidated Revenue Fund.
Conditions
of loan.
4. The rate of interest, the date of repayment and the form of
security issued in respect of borrowings under this Act, may be such as are
approved by the Governor-General.
Payment
of principal and interest.
5. The principal moneys borrowed under this Act shall be repayable,
and the interest thereon shall be payable, out of the Consolidated Revenue
Fund, which is hereby appropriated for the purpose.
Regulations.
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