LOAN.
No. 1 of 1938.
An Act to authorize the Raising and Expending of a certain Sum of Money.
[Assented to 6th May, 1938.]
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 1938.
Commencement.
2. This Act shall come into operation on the day on which it receives the Royal Assent.
Authority to borrow £10,300,000.
3. 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 Ten million three hundred thousand pounds.
Purpose for which money may be expended.
4. 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.
Section 4 THE SCHEDULE.
— | Appropriated by this Act. |
DEPARTMENT OF DEFENCE. | £ |
Navy |
|
Under Control of Department of Defence. |
|
Naval construction and additions to fleet............................. | 1,750,000 |
Reserves of stores, including ammunition, ordnance, torpedo stores and fuel oil... | 135,000 |
Naval establishments— |
|
Machinery and plant and Wireless Telegraphy equipment................ | 60,000 |
Equipment for port defence................................... | 345,000 |
Under Control of Department of the Interior |
|
Buildings, works and sites...................................... | 300,000 |
Total Navy............................. | 2,590,000 |
Army. |
|
Under Control of Department of Defence. |
|
Coast defences—equipment and works.............................. | 80,000 |
Arms, armament and ammunition, mechanization and equipment and reserves.... | 1,645,000 |
Defence Works—Darwin....................................... | 20,000 |
Under Control of Department of the Interior. |
|
Buildings, works and sites...................................... | 210,000 |
Total Army............................ | 1,955,000 |
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 | 2,345,000 |
Warlike stores and equipment.................................... | 350,000 |
Under Control of Department of the Interior. |
|
Buildings, works and sites...................................... | 1,020,000 |
Total Air Force.......................... | 3,715,000 |
Munitions Supply Branch. |
|
Under Control of Department of Defence. |
|
Machinery and plant for manufacture of munitions...................... | 450,000 |
Under Control of Department of the Interior. |
|
Buildings, works and sites...................................... | 570,000 |
Total Munitions Supply Branch.............. | 1,020,000 |
Principal Supply Officers Committee. |
|
Under Control of Department of Defence. |
|
Armament annexes, plant, materials and experimental work................ | 720,000 |
Total Department of Defence........................... | 10,000,000 |