{"id":"C1919A00013","name":"Loan Act 1919","slug":"loan-act-1919","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"13 of 1919","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":12595,"registerId":"commonwealth-C1919A00013-current","compilationNumber":null,"startDate":"2026-03-31","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1919","content":"LOAN.\n\nNo. 13 of 1919.\n\nAn Act to authorize the Raising and Expending of the sum of One million one hundred and seven thousand six hundred and two pounds for certain purposes.\n\n\\[Assented to 28th October, 1919.\\]\n\nBE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—\n\nShort title.\n\n1. This Act may be cited as the Loan Act 1919.\n\nTreasurer may borrow £1,107,602.\n\n2. The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1918, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of One million one hundred and seven thousand six hundred and two pounds.\n\nPurposes for which moneys may be expended.\n\n3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes set forth in the Schedule to this Act.\n\n \n\nSCHEDULE.\n\n```html\n

—

Amount required in 1919–20.

Already available under Appropriations made by previous Acts

Appropriated under this Act.

First Column.

Second Column.

Third Column.

UNDER CONTROL OF DEPARTMENT OF WORKS AND RAILWAYS.

£

£

£

Naval Bases, Works, and Establishments..............

90,000

..

90,000

Cockatoo Island Dockyard—

Naval Engineering and other Works...........

15,000

15,000

Lithgow Housing Scheme—Erection of cottages—towards cost

55,000

..

55,000

Buildings and Engineering Works for Cordite Factory, Maribyrnong

11,500

11,500

..

Perth General Post Office—towards cost..............

60,000

26,562

33,438

Contribution under River Murray Waters Act 1915

66,700

43,240

23,460

Kalgoorlie to Port Augusta Railway.................

137,000

137,000

..

Northern Territory Railway—Capital Expenditure

3,000

..

3,000

Total under control of Department of Works and Railways

438,200

233,302

204,898

UNDER CONTROL OF POSTMASTER GENERAL’S DEPARTMENT.

Construction and extension of telegraphs and telephones; also construction of conduits, and for laying wires underground

398,026

..

398,026

UNDER CONTROL OF THE DEPARTMENT OF DEFENCE (MILITARY).

General Arsenal—Machinery and Plant—towards cost.....

50,000

5,164

44,836

Cordite Factory — Experimental Tri-Nitro-Toluene (T.N.T.) plant

7,000

7,000

..

Cordite Factory—Machinery and Plant...............

8,000

..

8,000

To be paid to the credit of Trust Fund Small Arms Ammunition Account for reserve of Small Arms Ammunition

120,000

..

120,000

Reserve of Cordite for Small Arms Ammunition

35,000

..

35,000

Reserve of Rifles..............................

197,300

..

197,300

Total under Control of Department of Defence (Military)

417,300

12,164

405,136

UNDER CONTROL OF DEPARTMENT OF THE NAVY.

Cockatoo Island Dockyard—

Machinery and Plant, yard and floating plant

40,000

13,630

26,370

Flinders Naval Depot—Machinery and Plant............

10,000

10,000

..

Wireless Telegraphy............................

12,000

7,832

4,168

Total under Control of Department of the Navy....

62,000

31,462

30,538

Carried forward............

1,315,526

276,928

1,038,598

\n```\n\n \n\nSchedule—continued.\n\n```html\n

—

Amount required in 1919–20.

Already available under Appropriations made by previous Acts

Appropriated under this Act.

First Column.

Second Column.

Third Column.

£

£

£

Brought forward..................

1,315,526

276,928

1,038,598

UNDER CONTROL OF HOME AND TERRITORIES DEPARTMENT.

Purchase of Sites—

Land, Fairy Meadow, New South Wales.......

8,000

7,310

690

Land in Federal Capital Territory............

10,200

10,200

..

Land for Defence purposes generally..........

17,000

17,000

..

Land for Naval Defence purposes, Cookburn Sound

5,000

5,000

..

Land for Port Stephens Naval Base...........

13,000

13,000

..

Townsville Wireless Site..................

400

361

39

Wungong Quarry Site, Western Australia.......

300

60

240

Land for Post and Telegraph purposes.........

645

645

..

Land for Quarantine purposes..............

150

150

..

Total under Control of Home and Territories Department

54,695

53,726

969

UNDER CONTROL OF DEPARTMENT OF TRADE AND CUSTOMS.

New Lighthouses (including upkeep of vessels for construction work) and optical and other apparatus for lightships

15,000

5,765

9,235

Alterations of Lighthouse Services..............

13,000

..

13,000

Total under Control of Department of Trade and Customs

28,000

5,765

22,235

UNDER CONTROL OF PRIME MINISTER’S DEPARTMENT.

London Offices...........................

62,000

16,200

45,800

Total.............................

1,460,221

352,619

1,107,602

\n```","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2043},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act remains tightly focused on its original purpose of authorising borrowing for specific 1919–20 capital works and defence equipment. There is no expansion beyond the initial infrastructure funding objectives."},"complexity_factors":["Simple 3-section structure with no conditional logic or exceptions","Length derives from detailed tabular Schedule of appropriations rather than legal complexity","No interpretation section or defined terms","Single-purpose borrowing authority with strict expenditure limits tied to specific line items"],"plain_english_summary":"This Act authorises the Australian Government to borrow £1,107,602 in 1919–20 by issuing stock or Treasury Bills to fund specified capital works and defence projects. It confines spending to a Schedule that itemises projects across Works & Railways, Post Office, Defence, Navy, Territories, Trade & Customs and the Prime Minister’s office. The borrowing plugs precise cost gaps for named infrastructure, military stores and land purchases."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act's scope aligns with its text: s2 authorises borrowing up to the stated sum and s3 limits expenditure to borrowing costs and the projects set out in the Schedule. It does not expand borrowing authority beyond the fixed sum or create open‑ended appropriations."},"complexity_factors":["Narrow, single-purpose measure: authorises a fixed borrowing limit (s2) and confines use to a detailed schedule (s3).","Detailed Schedule with many line items and departmental allocations increases bookkeeping and implementation steps.","Cross-references to existing financing machinery (Commonwealth Inscribed Stock Act 1911–1918 and Acts authorising Treasury Bills) require coordination with other statutes.","Appropriation format uses historical currency and multi‑column accounting which may complicate archival interpretation but not legal effect.","Limited administrative discretion: Treasurer may time borrowings 'from time to time' under referenced Acts, introducing scheduling choices."],"plain_english_summary":"This Act authorises the Treasurer to borrow up to £1,107,602 under existing borrowing laws and requires that the money be applied only to borrowing expenses and the specific projects listed in the Schedule. It changes Commonwealth fiscal capacity: the Treasurer decides to raise the funds, named departments are authorised to spend allocated amounts, and taxpayers ultimately meet any debt service."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1919","history":"/api/acts/loan-act-1919/history","analysis":"/api/acts/loan-act-1919/analysis","conflicts":"/api/acts/loan-act-1919/conflicts","importantCases":"/api/acts/loan-act-1919/important-cases","documents":"/api/acts/loan-act-1919/documents"}}