Section 1 - Loan Act (No. 2) 1939 - Loan Act (No. 2) 1939

1Loan Act (No. 2) 1939

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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.

This Act may be cited as the Loan Act (No. 2) 1939.

Commencement.

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

Authority to borrow £25,235,000.

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-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

—	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

—

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