Loan Act (No. 2) 1927

1 Loan Act (No. 2) 1927

LOAN (No. 2).

No. 27 of 1927.

An Act to authorize the Raising and Expending of certain Sums of Money.

[Assented to 18th October, 1927.]

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 (No. 2) 1927.

Authority to borrow £7,600,000.

2. 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 Seven million six hundred thousand pounds.

Purpose for which money may be borrowed.

3. 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 £7,217,696.

4. 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 Seven million two hundred and seventeen thousand six hundred and ninety-six pounds for the purposes set forth in the Schedule to this Act.

SCHEDULE.

<table cellspacing="0" cellpadding="0" style="width:100%; margin-bottom:0pt; border-collapse:collapse"><tbody><tr style="height:30.3pt"><td rowspan="2" style="width:51.82%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal; font-size:12pt"><span style="font-family:'Times New Roman', serif">—</span></p></td><td style="width:14.82%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">Amount required in </span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">1927</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">–</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">28.</span></p></td><td style="width:17.78%; border:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">Appropriated under </span><span style="font-family:'Times New Roman', serif; font-style:italic">Loan Act </span><span style="font-family:'Times New Roman', serif">(</span><span style="font-family:'Times New Roman', serif; font-style:italic">No. </span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">1) 1927.</span></p></td><td style="width:15.58%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">Appropriated under this Act.</span></p></td></tr><tr style="height:26.05pt"><td style="width:14.82%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">First Column.</span></p></td><td style="width:17.78%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">Second Column.</span></p></td><td style="width:15.58%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:middle"><p style="margin-bottom:0pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">Third Column.</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">Abstract.</span></p></td><td style="width:14.82%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">£</span></p></td><td style="width:17.78%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">£</span></p></td><td style="width:15.58%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">£</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">WAR AND REPATRIATION SERVICES</span><span style="width:35.25pt; font-family:'Lucida Console', monospace; font-variant:small-caps; display:inline-block">.....</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">900</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">,</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">161,829</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">738,171</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">PRIME MINISTER</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">’</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">S DEPARTMENT</span><span style="width:50.21pt; font-family:'Lucida Console', monospace; font-variant:small-caps; display:inline-block">.......</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">300,000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">70,000</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">230,000</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">DEPARTMENT OF THE TREASURY</span><span style="width:49.3pt; font-family:'Lucida Console', monospace; font-variant:small-caps; display:inline-block">.......</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">1,322,000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">..</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">1,322,000</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">HOME AND TERRITORIES DEPARTMENT</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">23,000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-bottom:3pt; text-align:center; line-height:normal"><span style="font-family:'Times New Roman', serif">..</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">23,000</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">DEPARTMENT OF DEFENCE</span><span style="width:81.99pt; font-family:'Lucida Console', monospace; font-variant:small-caps; display:inline-block">............</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">428,000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">109,520</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">318,480</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">DEPARTMENT OF TRADE AND CUSTOMS</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">......</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">58,658</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">2,150</span></p></td><td style="width:15.58%; border-left:0.75pt solid #000000; padding-right:2pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">56,508</span></p></td></tr><tr style="height:2.15pt"><td style="width:51.82%; border-right:0.75pt solid #000000; padding-right:1.62pt; padding-left:2pt; vertical-align:top"><p style="margin-top:3pt; margin-bottom:3pt; text-align:justify; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">DEPARTMENT OF WORKS AND RAILWAYS</span><span style="font-family:'Times New Roman', serif; font-variant:small-caps">...</span></p></td><td style="width:14.82%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">1,953,000</span></p></td><td style="width:17.78%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:1.62pt; padding-left:1.62pt; vertical-align:bottom"><p style="margin-top:3pt; margin-right:14.4pt; margin-bottom:3pt; text-align:right; line-height:normal"><span style="font-family:'Times New Roman', serif; font-variant:small-caps">419,100</span>