NATIONAL DEBT SINKING FUND.

No. 13 of 1959.

An Act relating to the National Debt Commission.

[Assented to 23rd April, 1959.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the National Debt Sinking Fund Act 1959.

(2.) The National Debt Sinking Fund Act 1923-1950, as amended by this Act, may be cited as the National Debt Sinking Fund Act 1923-1959.

Commencement.

2. This Act shall come into operation on the day on which the Reserve Bank Act 1959 comes into operation.

Constitution of Commission.

3. Section six of the National Debt Sinking Fund Act 1923—1950 is amended by omitting from sub-section (1.) the words “the Governor of the Commonwealth Bank” and inserting in their stead the words “the Governor of the Reserve Bank of Australia”.