New South Wales Consolidated Acts

LORD HOWE ISLAND ACT 1953 - SECT 34A

34A Lord Howe Island Mortgages Account

(1) There shall be established and kept in the Treasury an account in special deposits account to be called the “Lord Howe Island Mortgages Account”.
There shall be paid to the credit of the Lord Howe Island Mortgages Account:

(a) all moneys made available to the Board by the Treasurer for advances under section 12A,

(b) all moneys received by way of repayments of those advances and interest thereon.

(2) There shall be paid out of the Lord Howe Island Mortgages Account:

(a) all moneys advanced under section 12A,

(b) such moneys as are required by the Treasurer to be repaid to the Treasurer from time to time.