1Seasonal Securities Regulations

STATUTORY RULES.

1959. No. 94.

REGULATIONS UNDER THE LOAN (SHORT-TERM BORROWINGS) ACT 1959.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Loan (Short-term Borrowings) Act 1959.

Dated this 25th day of November, 1959.

W. J. Slim

Governor-General.

By His Excellency’s Command,

(SGD.) HAROLD HOLT

Treasurer.

SEASONAL SECURITIES REGULATIONS.

Part I.—Preliminary.

Citation.

1. These Regulations may be cited as the Seasonal Securities Regulations.

Parts.

2. These Regulations are divided into Parts, as follows:—

Part I.—Preliminary (Regulations 1-3).

Part II.—Seasonal Inscribed Stock (Regulation 4).

Part III.—Seasonal Treasury Notes (Regulations 5-6).

Part IV.—Exchange of Stock and Notes (Regulations 7-11).

Part V.—Miscellaneous (Regulations 12-20).

Interpretation.

3.—(1.) In these Regulations, unless the contrary intention appears—

“note” means Seasonal Treasury Note;

“Registrar” and “Registry” have the same respective meanings as in the Commonwealth Inscribed Stock Act 1911-1946.

“stock” means Seasonal Inscribed Stock;

“the Secretary” means the Secretary to the Department of the Treasury.

(2.) A reference in these Regulations to a form by letter shall be read as a reference to the form so lettered in the Second Schedule to these Regulations.

(3.) Where any of these Regulations, or a regulation of the Commonwealth Inscribed Stock Regulations in its application to Seasonal Inscribed Stock, requires the use of a form, a form to the like effect approved by the Treasurer may be used.

* Notified in the Commonwealth Gazette on 25th November, 1959.

9554/59.—Price 8d. 9/24.11.1959.

Part II.—Seasonal Inscribed Stock.

Application of Commonwealth Inscribed Stock Regulations.

4.—(1.) Each of the Commonwealth Inscribed Stock Regulations, and of the forms in the Schedule to those Regulations, the numbers of which are specified in column 1 of the First Schedule to these Regulations applies, subject to the modifications specified in this regulation and to the modifications (if any) specified opposite to the number of the regulation or form, as the case may be, in column 2 of the First Schedule to these Regulations, to Seasonal Inscribed Stock as if it were stock within the meaning of the Commonwealth Inscribed Stock Act 1911-1946.