LOAN APPROPRIATION (UNEMPLOYMENT RELIEF).
No. 66 of 1934.
An Act to authorise the Issue and Application of a certain sum of money for the purposes of Works and Services and for the grant of Financial Assistance to the States, and for other purposes.
[Assented to 17th December, 1934.]
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 Appropriation (Unemployment Relief) Act 1934.
Appropriation.
2. There shall be appropriated, for the purposes of this Act, out of the proceeds of any loan raised under the authority of any Loan Act, the sum of One million five hundred and thirty-three thousand seven hundred and fifty pounds.
Expenditure on Commonwealth works.
3. Out of the amount appropriated by this Act there may be expended by the Commonwealth the sum of Two hundred thousand pounds in the carrying out of such works and services as are, from time to time, specified by the Treasurer by notice published in the Gazette.
Grants to States.
4.—(1.) Subject to this Act, there may be granted to each State, by way of financial assistance, an amount not exceeding that specified in this section opposite to the name of that State, namely:—
New South Wales............................. | £350,000 |
Victoria................................... | £225,000 |
Queensland................................. | £125,000 |
South Australia.............................. | £125,000 |
Western Australia............................. | £125,000 |
Tasmania.................................. | £50,000 |
(2.) Any amount granted to a State under this section shall be paid upon condition that it is expended by the State in the carrying out of such works as are, from time to time, specified by the Treasurer by notice published in the Gazette.
Grants to States for assistance of metalliferous mining.
5.—(1.) Subject to this Act, there may be granted to each State, by way of financial assistance, an amount not exceeding that specified in this section opposite to the name of that State, namely :—
New South Wales........................... | £42,500 |
Victoria.................................. | £50,000 |
Queensland............................... | £70,000 |
South Australia............................. | £33,500 |
Western Australia........................... | £62,000 |
Tasmania................................. | £25,750 |
(2.) Any amount granted to a State under this section shall be paid upon condition that it is used by the State, in such manner and subject to such conditions as the Treasurer approves, in providing assistance to the metalliferous mining industry.
Method of payment to States.
6. Any amount granted to a State under this Act shall be paid to that State at such times and in such manner as the Treasurer approves.
Assistance for metalliferous mining industry in the Northern Territory.
7. Out of the amount appropriated by this Act there may be expended, in the assistance and development of the metalliferous mining industry in the Northern Territory, the sum of Fifty thousand pounds.