Post Office Re-adjustment Amendment Act 100 of 1972

The Post Office Re-adjustment Amendment Act 100 of 1972 intends:

• to amend the Post Office Re-adjustment Act, 1968 [repealed in 1976], in order to provide for the raising of loans by the Postmaster-General, the methods by which such loans may be raised and the defrayal of costs in connection with such loans, and to apply certain provisions of the Exchequer and Audit Act, 1956, and of the General Loans Act, 1961, in respect of such loans;
• to amend sections 52 and 52B of the Exchequer and Audit Act, 1956 [repealed in 1976], in order to provide for the investment of working balances of the Department of Posts and Telegraphs with the National Finance Corporation of South Africa or financial institutions outside the Republic, and for the conversion of a part of the outstanding loan liability of that Department into permanent capital; and
• to provide for incidental matters.

Commencement

5 July 1972