LOAN.
No. 45 of 1937.
An Act to authorize the Raising and Expending of a certain Sum of Money.
[Assented, to 13th December. 1937.]
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 Loan Act 1937.
Authority to borrow £2,500,000.
2. The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1933, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Two million five hundred thousand pounds.
Purpose for which money may be expended.
3. The amount borrowed may be issued and applied for the expenses of borrowing and for the purposes set forth in the Schedule to this Act.
THE SCHEDULE. Section 3.
— | Appropriated by this Act. |
DEPARTMENT OF DEFENCE. | £ |
Naval. |
|
Under Control of Department of Defence. |
|
Naval construction............................................... | 451,350 |
Equipment for port defence.......................................... | 110,120 |
Under Control of Department of the Interior. |
|
Buildings, works and sites.......................................... | 73,800 |
Total Naval.................................... | 635,270 |
Military. |
|
Under Control of Department of Defence. |
|
Coast defences—equipment and works.................................. | 117,550 |
Arms, armament and ammunition...................................... | 109,180 |
Under Control of Department of the Interior. |
|
Buildings, works and sites.......................................... | 415,170 |
Total Military................................... | 641,900 |
Royal Australian Air Force. |
|
Under Control of Department of Defence. |
|
Landplane and seaplane equipment and plant, including spare parts, machinery, tools, ordnance and engineering supplies and ammunition | 500,000 |
Under Control of Department of the Interior. |
|
Buildings, works and sites.......................................... | 301,820 |
Total Royal Australian Air Force...................... | 801,820 |
Civil Aviation. |
|
Under Control of Department of the Interior. |
|
Buildings, works and sites.......................................... | 112,550 |
Total Civil Aviation............................... | 112,550 |
Munitions Supply Branch. |
|
Under Control of Department of Defence. |
|
Machinery and plant for manufacture of munitions.......................... | 149,670 |
Under Control of Department of the Interior. |
|
Buildings, works and sites.......................................... | 158,790 |
Total Munitions Supply Branch....................... | 308,460 |
Total Department of Defence............................... | 2,500,000 |