Loan Act (No. 2) 1925
1Loan Act (No. 2) 1925
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THE COMMONWEALTH OF AUSTRALIA.
LOAN (No. 2).
No, 15 of 1925.
An Act to authorize the Raising and Expending of certain Sums of Money.
[Assented to 14th September, 1925.]
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 (No. 2) 1925.
Authority to borrow £8,300,000.
- 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 Eight million three hundred thousand pounds.
Purpose for which money may be borrowed.
- The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes of appropriations made or to be made by law.
Issue and application of £8,031,482
- There may be issued and applied out of the proceeds of any Loan raised under the authority of any Loan Act, including the present Act, the sum of Eight million and thirty-one thousand four hundred and eighty-two pounds for the purposes set forth in the First Schedule to this Act.
Unexpended appropriation lapse.
- Where on the thirtieth day of June One thousand nine hundred and twenty-five there remain unexpended any moneys appropriated by any of the Acts specified in the Second Schedule to this Act, the appropriation of the moneys so remaining unexpended shall lapse on that date.
F.13952.—Price 3d.
FIRST SCHEDULE.
Abstract.
| £ | |
|---|---|
| WAR AND REPATRIATION SERVICES............................ | 826,270 |
| PRIME MINISTER’S DEPARTMENT............................... | 500 |
| HOME AND TERRITORIES DEPARTMENT......................... | 83,250 |
| DEPARTMENT OF DEFENCE................................... | 433,675 |
| DEPARTMENT OF TRADE AND CUSTOMS......................... | 593,537 |
| DEPARTMENT OF WORKS AND RAILWAYS........................ |