Section 1 - Loan Act 1939 - Loan Act 1939

1Loan Act 1939

Start here

Get a plain-English read of 1

Turn the raw legal text into a practical explanation grounded in 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.

This Act may be cited as the Loan Act 1939

Commencement.

This Act shall come into operation on the day on which it receives the Royal Assent.

Authority to borrow £22,630,000.

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.

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

—	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

—

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