--- title: "Loan Act 1939" slug: "loan-act-1939" jurisdiction: "Commonwealth of Australia" jurisdiction_code: "commonwealth" collection: "act" status: "repealed" act_number: "34 of 1939" version_date: "2026-03-30" register_id: "commonwealth-C1939A00034-current" canonical_url: "https://zoelaw.ai/legislation/loan-act-1939" date_modified: "2026-03-30" source: Zoe (https://zoelaw.ai) --- # Loan Act 1939 ## 1 Loan Act 1939 LOAN. No. 34 of 1939. An Act to authorize the Raising and Expending of a certain Sum of Money. \[Assented to 26th September, 1939.\] 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 1939 Commencement. 2. This Act shall come into operation on the day on which it receives the Royal Assent. Authority to borrow £22,630,000. 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 Twenty-two million six hundred and thirty 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 constructions and additions to fleet........................... | 2,888,000 | | Reserves of stores, including ammunition, ordnance, torpedo stores and fuel oil.. | 25,000 | | Naval establishments—Machinery and plant and wireless telegraphy equipment. | 44,000 | | Under Control of Department of the Interior. | | | Buildings, works and sites..................................... | 104,000 | | Total Navy................................ | 3,061,000 | | Army. | | | Under Control of Department of Defence. | | | Coast defences—equipment and works............................. | 16,000 | | Arms, armament and ammunition, mechanization, equipment and reserves..... | 963,000 | | Defence works—Darwin...................................... | 8,000 | | Under Control of Department of the Interior. | | | Buildings, works and sites..................................... | 1,127,000 | | Total Army............................... | 2,114,000 | | Carried forward..................... | 5,175,000 | The Schedule—continued. | — | Appropriated by this Act. | | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------- | | | £ | | Brought forward................ | 5,175,000 | | DEPARTMENT OF DEFENCE—continued. | | | 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 | 2,729,000 | | Warlike stores and equipment................................... | 197,000 | | Under Control of Department of the Interior. | | | Buildings, works and sites..................................... | 1,536,000 | | Total Air Force.............................. | 4,462,000 | | Total Department of Defence..................... | 9,637,000 | | DEPARTMENT OF SUPPLY AND DEVELOPMENT. | | | Defence Supplies Division. | | | Under Control of Department of Supply and Development. | | | Machinery and plant for manufacture of munitions..................... | 235,000 | | Reserves of raw materials..................................... | 175,000 | | Armament annexes, plant, materials and experimental work............... | 42,000 | | Under Control of Department of the Interior. | | | Buildings, works and sites—Munitions factories...................... | 216,000 | | Total Defence Supplies Division........... | 668,000 | | Aircraft Construction Branch. | | | Under Control of Department of the Interior. | | | Buildings, works and sites..................................... | 100,000 | | Total Department of Supply and Development....... | 768,000 | | WAR SERVICES. | | | Pay and allowances of mobilized and volunteer forces, special staffs and guards, ordnance and armament stores, ammunition, fuel requirements for Navy, Army and Air Force, naval construction, fleet auxiliaries and charter of naval craft, machinery, plant, mechanical transport and other equipment, purchase and charter of aircraft, buildings, works and sites, furniture and fitting’s, expenditure related to manufactured munitions, and other miscellaneous war services | | | Navy................................................... | 2,100,000 | | Army................................................... | 7,650,000 | | Air Force................................................ | 250,000 | | Total War Services................... | 10,000,000 | | POSTMASTER-GENERAL’S DEPARTMENT. | | | Under Control of Postmaster-General’s Department and Department of the Interior. | | | Telephone exchange services................................... | 1,289,000 | | Trunk line services.......................................... | 419,000 | | Telegraph and miscellaneous services............................. | 31,000 | | National Broadcasting service.................................. | 33,500 | | Buildings, works, sites, fittings and furniture......................... | 227,500 | | Total Postmaster-General’s Department | 2,000,000 | | Total..................... | 22,405,000 |