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Brief
'The Loan (War Service Land Settlement) Act 1975' outlines a provision for borrowing up to $4,000,000 from the Commonwealth of Australia. The act authorizes the Treasurer to raise and spend this amount, which is specifically allocated for financial assistance to South Australia, Western Australia, and Tasmania in relation to war service land settlement. This authorization allows the Treasurer to borrow funds through various means, such as issuing Treasury Bills or complying with specific legislation regarding stock issuance. The borrowed amount must be used exclusively for expenses related to borrowing and providing financial aid to the mentioned states according to the provisions of the States Grants (War Service Land Settlement) Act 1952-1953.
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