Bill 45 (Legislature 9, Session 3)

L9 S3 7733

Alberta — Bills

BILL No. 45 of 1943.

An Act to provide for the Setting up of a Fund to Aid in Post-war Reconstruction. (Assented to , 1943.)

WHEREAS owing to war conditions involving a scarcity of both manpower and material the construction of certain necessary public works has been deferred; and

Whereas at the conclusion of the war very large numbers of men and women will be discharged from the armed forces of His Majesty, and from the supporting war serv ices, and will be seeking employment in the Province; and

Whereas it has been deemed advisable to set aside out of the revenues for the fiscal year ending on March 31, 1943, the sum of One Million Dollars for a Post-war Reconstruc tion Fund to assist in a satisfactory transition from a war time to a peacetime e~onomy and to aid in the rehabilitation and re-establishment of men and women who will find them selves in need of employment;

Now therefore His Majesty, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This A'ct may be cited as "The Post-war Reconstruc tion Fund Act." 2. There' is hereby created "The Post-war Reconstruc tion Fund", which fund shall stand in the name of the Provincial Treasurer and shall be constituted and dealt with in the manner hereinafter set out. 3.

The said fund shall ,consist of such sums as may be appropriated by the Legislative Assembly from time to time, the interest upon any sums remaining in the fund at any time and the earnings and dividends from any invest ments made of moneys in the fund. 4. The moneys in the fund from time to time may be invested subject to the approval of the Lieutenant Gover nor in C~uncil, in securities approved for the investment of trust funds by The Trustee Act. 5.

Subject to the approval of the Lieutenant Governor in Council the securities in which any portion of the funds are invested may be sold when funds are required for the purposes for which the fund is created, or they may be sold from time to time and the proceeds reinvested in similar securities. 6. The said fund, with its accumulations, may be ap plied, whenever circumstances permit and it is deemed proper and advisable, to the following purposes:

(1) The undertaking of such public works and enter prises, including the construction of roads and public build ings and land settlement projects, as in the opinion of the Lieutenant Governor in Council are necessary for the satis factory development of the Province or of any particular area of the Province, and which would afford employment to Albertans, or assist in the rehabilitation or re-establish ment of persons now or hereafter serving in His Majesty's armed for,ces;

(2) The granting of assistance by way of subsidy or loan on such terms and conditions as may be agreed upon, to any person, firm or corporation seeking to establish in the Prov ince a commercial or industrial enterprise which will or may provide employment particularly for persons now or hereafter serving in His Majesty's armed forces;

(3) The payment of expenses incurred by the Post-war Reconstruction Committee constituted under the provisions of The Post-war Reconstruction Act. 7. All projects undertaken pursuant to this Act and all payments made from the fund shall be subject to the ap proval of the Lieutenant Governor in Council. 8. This Act shall come into force on the day upon which it is assented to. No. 45. THIRD SESSION NINTH LEGISLATURE GEORGE VI BILL

An Act to provide for the Setting up of a Fund to Aid in Post-war Reconstruction. Received and read the First time ........................................ . Second time ..................................... . Third time ....................................... . HON. MR. Low. EDMONTON: A. Shnitka, King's Printer Title: 1943 (9th, 3rd) Bill 45,

An Act to provide for the Setting up of a Fund to Aid in Post-war Reconstruction

Document details

Collection	Alberta — Bills
Citation	L9 S3 7733
Type	bill
Volume / chapter	L9 S3 7733
Language	en
Format	json
Source	PROVINCIAL
Identifier	b479e50ac09fa381508c62399bcd207bffaae750

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