New South Wales Consolidated Acts

INSCRIBED STOCK ACT 1902 - SECT 7

7 Conditions attached to issue of Stock &c

All such Stock shall be styled “New South Wales Stock” and subject to the provisions of this Act shall:

(a) be issued in such amounts in such manner and at such times

(b) bear interest at such rate not exceeding four per centum per annum

(c) be redeemable at such times and on such conditions and

(d) be subject to such terms and conditions

Note:

1 Section 2 of the Loans (Interest) Act 1915 No 34 reads as follows:

The Governor may, under any Acts now in force authorising the raising of loans, raise such loans by the issue of debentures, inscribed or funded stock, or Treasury bills, bearing interest at rates exceeding four per centum per annum, notwithstanding any provisions to the contrary in such Acts.

2 The Loans (Interest) Act 1915 No 34 was repealed by Sch 1 to the Statute Law Revision Act 1937 No 35 effective from 23 December 1937.