Dried Fruits Act Amendment Act.-1925. previously been or are likely to be in such packing shed for the purpose of being stemmed, processed, graded, sorted, or packed, and may, by notice in writing given as aforesaid, give to any such owner, occupier, or person such direction as the Board thinks proper in order to ensure the observance of any determination for the time being in force. (3) Any person who fails to comply with any requirement or direction of the Board under this section shall be liable to a penalty not exceeding Five Hundred Pounds. (4) Any notice required to be given to any person for the purposes of this section may be served personally or sent by post addressed to such person at his usual or last known place of abode: Provided that a notice sent by post to the owner, occupier, or person in charge of a packing shed may be addressed to such owner, occupier, or person at the packing shed. 8. Section 31 of the principal Act is amended so as to read as Amendment of follows: 31. If any of the following persons, that is to say (a) any grower ; (b) any dealer; or (c) any person being the owner or occupier or person in sells or otherwise disposes of any dried fruits contrary to any principal Act, 8. 31Penalty for disobeying determination of Board. 9. Section 34 of the principal Act is amended by inserting after Amendment of the word growers in paragraph (d) thereof the words" and principal Act. dealers ". 66 8. 34Regulations. 10. Notwithstanding anything contained in the Stamp Duties Exemption of Act, 1923, no stamp duty shall be chargeable upon any declaration declarations from made for the purposes of the principal Act. In the name and on behalf of His Majesty, I hereby assent to this Bill. stamp duty. TOM BRIDGES, Governor. Adelaide: By authority, R. E. E. ROGERS, Government Printer, North Terraco. An Act to provide for the establishment of a State Bank of South Australia, for the administration by the said Bank of various other Acts dealing with the making of Advances and Loans, to make consequential and other amendments to those Acts, to repeal the State Advances Acts, 1895 to 1924, and for other purposes. BE [Assented to, December 24th, 1925.] E it Enacted by the Governor of the State of South Australia, with the advice and consent of the Parliament thereof, as follows: PART I. PART I. 1. This Act may be cited as the "State Bank Act, 1925." Title. 2. This Act shall come into operation on a day to be fixed by Commencement of proclamation. Act. 3. The provisions of this Act are arranged as follows: PART 1.--Preliminary. PART II. Establishment of the Bank. PART III.-Management of the Bank. PART IV. General Provisions. PART V.Issue of Debentures by the Bank. PART VI. Transfer of Powers under other Acts to the Bank DIVISION 1. Under the State Advances Acts, 1895 to 1924, and the Advances for A-1703 DIVISION Arrangement. PART I. Interpretation. State Bank Act.-1925. DIVISION 11. Under the Advances to Settlers on DIVISION DIVISION IV. Under the Vermin Act, 1914: v.-Under the Loans for Fencing Act, 1919: DIVISION VI. Under the Crown Lands Act, 1915: PART VII.-Miscellaneous. 4. In this Act, unless the context otherwise requires Bank means the State Bank of South Australia established by this Act: Board " means the Board of Management of the Bank : Member" means member of the Board. "Present State Bank" means the State Bank of South Australia constituted pursuant to the State Advances Act, 1895. PART II. Establishment of Incorporation of General powers of PART II. ESTABLISHMENT OF THE BANK. 5. A State Bank, to be called the State Bank of South Australia, is hereby established. 6. The Bank shall be a body corporate with perpetual succession and a common seal, and may hold land, and may sue and be sued in its corporate name. 7. The Bank shall, in addition to any other powers conferred by this Act, have power - (a) subject to the provisions of paragraph (d), to carry on the general business of banking; (b) to acquire and hold land on any tenure; (c) to receive money on deposit, either for a fixed term or on current account; (d) to make advances by way of loan, overdraft, or otherwise, State Bank Act.-1925. (e) to make advances on the security of its rates to any Municipal Corporation, District Council, Drainage Board, Irrigation Trust, or other corporate body within the State authorised to raise money on the security of its rates; (f) to discount bills and drafts; (g) to issue bills and drafts, and grant letters of credit; (h) to deal in exchanges, specie, bullion, gold-dust, assayed gold, and precious metals; (i) to borrow money; and () to do anything incidental to any of its powers. 8. (1) The capital of the Bank shall be (a) Two Million Pounds, which shall be raised by the sale and issue of debentures pursuant to this Act; and (b) all the accumulated profits, assets, property, and capital of the present State Bank, including the State Advances Fund. (2) The capital of the Bank shall be available for all the of the Bank. purposes PART II. Capital, by Treasurer. 9. (1) The Treasurer may, out of money appropriated by Parlia- Advances to Bank ment for the purpose, make advances to the Bank for the purpose of enabling it to defray any of the expenses incidental to the establishment of the Bank, the opening of offices thereof for business, and the raising of sufficient capital for carrying on business. (2) Any moneys advanced in pursuance of this section shall be repaid to the Treasurer by the Bank, together with interest at the rate of six per centum per annum. PART III. MANAGEMENT OF THE BANK. 10. The Bank shall be managed by a Board of Management. PART III. Management of 11. (1) The Board shall consist of five Members, who shall be Membership of appointed from time to time by the Governor. (2) One Member of the first Board appointed pursuant to this Act shall retire at the end of the second year after the appointment of the first Board, and thereafter one other Member of the first Board shall retire at the end of each successive year until all have retired. The Members of the first Board shall, at least six weeks before the date of retirement, decide by lot who shall retire in any one year as aforesaid; if no decision is made by lot as aforesaid the Governor shall declare which Member shall retire in that year. Every Member appointed in lieu of a retiring Member of the first Board and every subsequent Member shall be appointed for a term of five years; and any Member shall, from time to time, at the expiration of his term. of office, be eligible for re-appointment for a further term of five years. 12. (1) The Board. |