1Loan Act (No. 2) 1939

LOAN (No. 2). No. 46 of 1939. An Act to authorize the Raising and Expending of a certain Sum of Money. \[Assented to 8th December, 1939.\] 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 (No. 2) 1939. Commencement. 2. This Act shall come into operation on the day on which it receives the Royal Assent. Authority to borrow £25,235,000. 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-five million two hundred and thirty-five thousand pounds. Purpose for which money may be expended. 4.—(1.) 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. (2.) The amounts specified in the Schedule to this Act for the purposes of the Department of Defence may be issued and applied for the corresponding purposes of one or more or all of the Departments established in lieu of that Department. THE SCHEDULE. Section 4. | — | Appropriated by this Act. | | ------------------------------------------------------------------------------------------------------------------------------------- | ------------------------- | | DEPARTMENT OF DEFENCE. | £ | | Navy. | | | Under Control of Department of Defence. | | | Reserves of stores, including ammunition, ordnance, torpedo stores and fuel oil. | 14,400 | | Naval establishments—Machinery and plant and wireless telegraphy equipment. | 7,100 | | Total Navy.................................... | 21,500 | | Army. | | | Under Control of Department of Defence. | | | Coast defences—equipment and works............................ | 3,300 | | Arms, armament and ammunition, mechanization, equipment and reserves.... | 340,500 | | Inspection Branch—Machinery, plant and gauges..................... | 1,600 | | Total Army.......................... | 345,400 | | 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 | 364,000 | | Warlike stores and equipment.................................. | 58,300 | | Under Control of Department of the Interior. | | | Buildings, works and sites.................................... | 116,800 | | Total Air Force........................ | 539,100 | | Total Department of Defence............... | 906,000 | The Schedule—continued. | — | Appropriated by this Act. | | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------- | | DEPARTMENT OF SUPPLY AND DEVELOPMENT.Defence Supplies Division. | £ | | Under Control of Department of Supply and Development. | | | Machinery and plant for manufacture of munitions...................... | 59,000 | | Reserves of raw materials....................................... | 25,000 | | Armament annexes, plant, materials and experimental work................ | 150,000 | | Under Control of Department of the Interior. | | | Buildings, works, sites, fittings and furniture—Munitions factories............ | 71,000 | | Buildings, works, sites, fittings and furniture—Administrative section | 4,000 | | Total Defence Supplies Division............... | 309,000 | | Aircraft Construction Branch. | | | Under Control of Department of Supply and Development. | | | Construction of airframes and engines—for payment to the credit of Aircraft Trust Account | 292,000 | | Under Control of Department of the Interior. | | | Buildings, works, sites, fittings and furniture.......................... | 86,000 | | Total Aircraft Construction Branch............. | 378,000 | | Total Department of Supply and Development........... | 687,000 | | WAR SERVICES. | | | Department of Defence. | | | Pay and allowances of universal military service personnel, 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 fittings, expenditure related to manufactured munitions, and other miscellaneous war services | | | Navy.................................................... | 5,969,800 | | Army.................................................... | 12,267,700 | | Air Force.................................................. | 3,012,500 | | Total Department of Defence.................... | 21,250,000 | | Department of Supply and Development. | | | Manufacture of munitions including pay, general expenses, working credit for factories, machinery, plant and works, and miscellaneous war services | 2,142,000 | | Total War Services.......................... | 23,392,000 | | Total............................ | 24,985,000 |