Victorian Repealed Acts

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This legislation has been repealed.

Farm Water Supplies Advances Act 1944 - SECT 9

Power to raise moneys for purposes of this Act

9. Power to raise moneys for purposes of this Act



(1) Notwithstanding anything in any Act, for the purpose of enabling the Board
to made advances under and pursuant to this Act the Governor in Council-

   (a)  may from time to time increase the amount of stock known as the
        Victorian Government Stock erected under the authority of the
        Victorian Government Stock Act 1896 by an additional amount not
        exceeding in the whole One hundred thousand pounds; or

   (b)  may issue debentures for the whole or any portion of such sum in lieu
        of increasing stock as aforesaid-

all of which stock and debentures and interest thereon respectively at such
rate or rates as the Governor in Council fixes shall be chargeable on the
consolidated revenue of Victoria.

(2) All provisions of the Victorian Government Stock Acts with regard to the
inscription issue management redemption payment of interest on and transfer of
stock issued under the authority of the Victorian Government Stock Act 1896
and generally with regard to such stock shall so far as the same are not
inconsistent with this Act apply to stock issued under the authority and for
the purposes of this Act.

(3) All provisions of the Victorian Government Debentures Regulation Acts with
regard to the issue management redemption and payment of interest on
debentures and generally with regard to such debentures shall so far as the
same are not inconsistent with this Act apply to the debentures issued under
the authority and for the purposes of this Act.

(4) This section shall be read and construed as subject to the provisions of
the Commonwealth and States Financial Agreements Acts.



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