Act Repealed Latest version as at 23 July 1870 (as enacted) | 1870 No 9

Treasury Bills Act 1870

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Colonial Treasurer authorized to make out Treasury Bills to the amount of £50,000; such Bills to be made out and issued under the authority of “The Treasury Bills Regulation Act, 1868.”

Treasury Bills Act 1870

Public Act		1870 No 9
Date of assent		23 July 1870

	Title
	Preamble.
1	Short Title.
2	Colonial Treasurer authorized to make out Treasury Bills to the amount of £50,000; such Bills to be made out and issued under the authority of “The Treasury Bills Regulation Act, 1868.”

An Act for raising the Sum of Fifty Thousand Pounds (£50,000) by Treasury Bills.

Preamble.

MOST GRACIOUS SOVEREIGN—We, Your Majesty’s most dutiful and loyal subjects the Representatives of New Zealand in Parliament assembled, towards raising the supplies which have been cheerfully granted to Your Majesty in this Session of Parliament have resolved to grant unto Your Majesty the sum hereinafter mentioned:

Be it therefore enacted by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—

1 Short Title.

The Short Title of this Act shall be “The Treasury Bills Act, 1870.”

2 Colonial Treasurer authorized to make out Treasury Bills to the amount of £50,000; such Bills to be made out and issued under the authority of “The Treasury Bills Regulation Act, 1868.”

Towards making good the supply granted to Her Majesty during the present Session, it shall be lawful for the Colonial Treasurer from time to time to cause any number of Treasury Bills to be made out at the Colonial Treasury, for any sum or sums of money not exceeding in the whole fifty thousand pounds (£50,000) sterling, and all such Treasury Bills shall be prepared made out and issued under the authority of and in the manner prescribed by “The Treasury Bills Regulation Act, 1868,” and “The Treasury Bills Regulations Act Amendment Act, 1869,” and may bear interest at any rate not exceeding fourpence (4d.) for every one hundred pounds (£100) by the day in respect of the whole moneys contained therein: Provided always that the currency of the said Bills shall in no case be made to extend beyond the thirty-first day of October, one thousand eight hundred and seventy.

Treasury Bills Act 1870