Bill 25 — A Bill To Amend the Rreasury Branches Act (Legislature 14, Session 5)

L14 S5 1762

Alberta — Bills

No. 25 5th Session, 14th Legislature, Alberta 11 Elizabeth II BILL 25 A Bill to amend The rreasury Branches Act HON. MR. HINMAN Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1963

Explanatory Note 2. 'Section 5, subsection (1) presently reads: "5.

(1) The Mini,ster may re'ceive from depositors de,posits of money, bank cheques, legal tender, currency, coinage, o'r orders upon treasury branches, subjeet to such tel"'lTIS and conditions as may be prescribed in the contract entered into between the Provincial Treasurer and the depositor pursuant to the p'rovisions of this Act.".

Section 9 presently reads: "9. SUJbject to

section 10, all earnings and profits of the treasury branches arising in connection with the operation thereof shall be paid into and form part of the General Revenue Fund of the Province, and all e~enditures made and liabilities incurred pursuant to this Act shall be paid out of such sums as the Legislative Assembly may from time to time appropriate by vote for that purpose.". The amendment is meant to ma:ke it clear that lia:bilities or expenditures of Treasury Branches are chargeable to the General Revenue Fund. 4. Oommencemen t of Act.

BILL No. 2,5 of 1963 An A,ct to amend The Treasury Branches Act (Assented to , 1963) HER MAJESTY, by and with the advice and oonsent of the Legislative Assermbly of the Province of Allberta, enacts as follows: 1. The Treasury Branches Act, being

chapter 344 of the Revised Statutes, is hereby amended.

Section 5 is amended by striking out subsection (1) and by substituting the following: 5.

(1) The Minister may receive as a deposit the money, bank cheques, legal tender, currency or coinage of any country or an ordex upon a treasury branch subject to such terms and conditions as may be prescriibed in the contract entered into between the Provincial Treasurer and the de positor pursuant to the provisions of this Act.

Section 9 is struck out and the following

section is substituted: H. Sulbject to

section 10, all earnings and profits of the treasury branches arising in connection with the operation thereof shall be paid into and form part of the General Revenue Fund of the Province, and all expenditures made and liabilities incurred pursuant to this Act shall be paid out of and be chargeable to the General Revenue Fund orf the Province. 4. This Act comes into force on the day upon which it is assented to.

No. 25 FIFTH SESSION FOURTEENTH LEGISLATURE 11 ELIZABET'H II 1963 BILL

An Act to amend The Treasury Branches Act Received and read the First time ......................................... . Second time .................................... 00 Third time HON. MR. HINMAN Title: 1963 (14th, 5th) Bill 25,

An Act to amend The Treasury Branches Act

Document details

Collection	Alberta — Bills
Citation	L14 S5 1762
Type	bill
Volume / chapter	L14 S5 1762
Language	en
Format	json
Source	PROVINCIAL
Identifier	650c6b7bfb1a12e32568b63dbcc824935238a934

Source file is stored in the law ingest library (json).