1Soldier Settlement Loans (Financial Agreement) Act 1935

SOLDIER SETTLEMENT LOANS (FINANCIAL AGREEMENT).

No. 26 of 1935.

An Act to approve an agreement made between the Commonwealth of Australia of the First Part and the States of New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania of the Second, Third, Fourth, Fifth, Sixth and Seventh Parts respectively.

[Assented to 13th April, 1935.]

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 Soldier Settlement Loans (Financial Agreement) Act 1935.

Approval of Agreement.

2. The Agreement (a copy of which is set forth in the Schedule to this Act) is approved.

THE SCHEDULE.

Agreement made the third day of July One thousand nine hundred and thirty four between The Commonwealth of Australia (in this Agreement called “the Commonwealth”) of the first part The State of New South Wales of the second part The State of Victoria of the third part The State of Queensland of the fourth part The State of South Australia of the fifth part The State of Western Australia of the sixth part and The State of Tasmania of the seventh part (each of the parties of the second third fourth fifth sixth and seventh parts being in this Agreement referred to as a “State” and the expression “the States” hereinafter used meaning where the context so permits or requires all of such parties);

Whereas this Agreement is supplemental to an Agreement (hereinafter referred to as the “Financial Agreement”) made the twelfth day of December One thousand nine hundred and twenty-seven between the same parties as are parties hereto with respect to the public debts of the States including—

(a) the taking over of such debts by the Commonwealth; and

(b) the payment of interest and the provision of Sinking Funds in respect of such debts:

which Agreement has been approved by the Parliaments of the Commonwealth and of the States;

And whereas the Commonwealth has lent to each of the States certain sums for the purposes of settling on the land returned soldiers and their dependants and other persons being settlers as defined in this Agreement and has received from each of the States certain sums as repayment in part of the said sums lent as aforesaid particulars of the sums so lent and so repaid being set forth in the Schedule hereto;

And whereas the balances of the said several sums lent by the Commonwealth to each State after deducting from such sums respectively the said several sums repaid by that State to the Commonwealth are included in the amount of the net public debt of that State existing on 30th June 1927 as set forth in the said Financial Agreement;