WAR LOAN (No. 2).
No. 22 of 1915.
An Act to
authorize the borrowing of money from the Government of the United Kingdom.
[Assented to 31st July, 1915.]
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 (No. 2) 1915.
Authority to borrow.
2. The
Treasurer may borrow Six million five hundred thousand pounds from the
Government of the United Kingdom.
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.
6.