Loan Act 1912
1Loan Act 1912
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LOAN.
No. 22 of 1912.
An Act to authorize the raising and expending of the sum of Five hundred and twenty-nine thousand five hundred and twenty-six pounds for the acquisition for Commonwealth purposes of property in Perth, Western Australia, and expenses incidental thereto, and to redeem loans raised by the Government of South Australia on account of the Northern Territory and the Port Augusta Railway.
[Assented to 24th December, 1912.]
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.
- This Act may be cited as the Loan Act 1912.
Treasurer may borrow £529,526.
- The Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911 borrow moneys not exceeding in the whole the amount of Five hundred and twenty-nine thousand five hundred and twenty-six pounds.
Purposes for which money may be expended.
- 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.
SCHEDULE.
| 1. For the acquisition for Commonwealth purposes of property in Perth, Western Australia and expenses incidental thereto | £153,000 |
|---|---|
| 2. To redeem loans raised by the Government of South Australia on account of the Northern Territory | 71,945 |
| 3. To redeem loans raised by the Government of South Australia on account of the Port Augusta Railway | 304,581 |
| £529,526 |