DEFENCE EQUIPMENT.

No. 6 of 1928.

An Act to grant and apply out of the Consolidated Revenue Fund the sum of Three million two hundred and twenty thousand pounds for Naval Construction, a Reserve for Defence and the Development of Civil Aviation.

[Assented to 2nd April, 1928.]

Preamble.

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

1. This Act may be cited as the Defence Equipment Act 1928.

Appropriation of £2,900,000.

2. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of the Trust Account established under the Defence Equipment Act 1924 and known as the Naval Construction Trust Account, a sum not exceeding Two million nine hundred thousand pounds.

Appropriation of £120,000 for Defence Reserve.

3.—(1.) There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of the Trust Account established under the Defence Equipment Act 1924 and known as the Defence Reserve Trust Account, the sum of One hundred and twenty thousand pounds.

(2.) The amount appropriated by this section shall be applied only for the survey of the Great Barrier Reef.

Civil Aviation Trust Account.

4.—(1.) For the purposes of this Act there shall be a Trust Account which shall be known as the Civil Aviation Trust Account.

(2.) The account established in pursuance of this section shall be a Trust Account for the purposes of section sixty-two a of the Audit Act 1901-1926.

Appropriation of. £200,000 for civil aviation.

5. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of the Civil Aviation Trust Account, the sum of Two hundred thousand pounds.

Payments from Civil Aviation Trust Account.

6. The moneys standing to the credit of the Civil Aviation Trust Account may be applied for the purpose of the development of civil aviation.