(1) Nothing in this Act authorizes the borrowing of money or the issue of securities otherwise than in accordance with clause six of the Financial Agreement.
(2) In this section, the Financial Agreement has the same meaning as in section four of the Financial Agreement Act 1944 .
Notes to the Loan (Temporary Revenue Deficits) Act 1953
Note 1
The Loan (Temporary Revenue Deficits) Act 1953 as shown in this compilation comprises Act No. 21, 1953 amended as indicated in the Tables below.
Table of Acts
Act | Number | Date | Date of commencement | Application, saving or transitional provisions |
21, 1953 | 9 Apr 1953 | 1 July 1950 |
| |
National Debt Sinking Fund Act 1966 | 65, 1966 | 29 Oct 1966 | 1 July 1966 | -- |
36, 1978 | 12 June 1978 | 12 June 1978 | -- | |
152, 1997 | 24 Oct 1997 | Schedule 2 (item 902): 1 Jan 1998 ( see Gazette 1997, No. GN49) (a) | -- | |
8, 2005 | 22 Feb 2005 | Schedule 1 (items 13-15): Royal Assent | -- |
(a) The Loan (Temporary Revenue Deficits) Act 1953 was amended by Schedule 2 (item 902) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997 , subsection 2(2) of which provides as follows:
(2 ) Schedule s 1 , 2 and 4 commence on the same day as the Financial Management and Accountability 1997 .
Table of Amendments
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted | |
Provision affected | How affected |
S. 3 .................... | am. No. 36, 1978; No. 152, 1997 |
| rep. No. 8, 2005 |
S. 4 .................... | am. No. 8, 2005 |
S. 6 .................... | rep. No. 65, 1966 |