Bill 37 (Legislature 10, Session 5)

L10 S5 7283

Alberta — Bills

Bill No. 37 of 1948. A BILL TO AMEND THE TREASURY BRANCHES ACT NOTE. This Bill amends The Treasury Branches Act by the in clusion of a new section. At the present time there is ' nothing in the Act dealing with the subject of bad and doubtful debts. The proposed new

section establishes a "-reserve for bad and doubtful debts" and gives the Super intendent power to charge against that Reserve debts or portions of debts which have been remitted by the Treasury Board under the provisions of The Treasury Department Act. w. S. GRAY, Legi~lative Counsel. (This note does not form any part of the Bill but is offered in explanation of its provisions.) BILL No. 37 of 1948.

An Act to Amend The Treasury Branches Act. (Assented to , 1948.) HIS MAJESTY, by and with the advice and- consent of the the Legislative Assembly of the Pr·bvince of Alberta, enacts as follows: 1 .• The Treasury Branches Act, being

chapter of the Revised Statutes of Alberta, 1942, is hereby amended by adding immediately after

section thereof the following new section: "9a.-

(1) The Minister, in order to make provision for bad and doubtful debts, may establish out of the earnings and profits .of the treasury branches a reserve to be known as "Reserve for Bad and Doubtful Debts" which reserve shall be established and maintained at the Edmonton main treasury branch. "

(2) The Superintendent of treasury branches appointed under this Act may charge against the said Reserve any debt or portion thereof due to the Minister arising in connec tion with the operation of any treasury branch whi,c:h has become irrecoverable or only partially recoverable and which has been, or to the extent to which it has been, remitted by the Treasury Boaro pursuant to the provisions of

section of The Treasury Department Act.". 2. This Act shall come into force on the day upon which it is assented to. J::'1"<>. 37 FIFTH SESSION TENTH LEGISLATURE GEORGE VI BILL

An Act to amend The Treasury Branches A'ct. Received and read the First time Second time .... Third time. HON. MR. MANNING. EDMONTON: A. Shnltka, King's Printer Title: 1948 (10th, 5th) Bill 37,

An Act to Amend The Treasury Branches Act

Document details

Collection	Alberta — Bills
Citation	L10 S5 7283
Type	bill
Volume / chapter	L10 S5 7283
Language	en
Format	json
Source	PROVINCIAL
Identifier	d9bd8f3a1bb0351e1048a5ed2af2e4a755af79ed

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