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| Attachment | Size |
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| act-78-1968.pdf | 2.82 MB |
78 of 1968
The repealed Finance Act 78 of 1968 intended:
- to provide:
- for the disposal of certain surplus State revenues;
- for the financing of certain deficiencies in the Bantu Education Account;
- for the manner in which certain provisions relative to the powers of the Minister of Finance shall be applied;
- for the disposal of moneys and property in the custody or under the control of the Custodian of Enemy Property;
- for the validation of the increase of the rate at which interest on certain moneys in the Guardian's Fund has been paid;
- for guarantees by the Government in respect of certain losses which may be sustained by the South African Reserve Bank;
- for guarantees by the Government in respect of certain obligations of the South African Iron and Steel Industrial Corporation;
- to amend section 3 of the Finance Act, 1954 [repealed in 1977], relative to the redemption of certain inscribed stock, and the investment of the proceeds of such redemption;
- to amend section 3bis of the General Loans Act, 1961 [repealed in 1976], so as to provide for the transfer of certain moneys from the Stabilization Account to the Loan Account, and for the tabling of statements relative to such moneys;
- to amend section 4 of the last-mentioned Act so as to provide for the placing to the credit of the Loan Account of moneys so transferred;
- to amend section 1 of the Finance Act, 1966 ([repealed in 1977], relative to loans the repayment of which may be guaranteed by the Government;
- to provide:
- for the disposal of the surplus revenue of the Railway and Harbour Fund;
- for the validation of the payment of increased salaries, and
- for the authorization of the payment of certain amounts to the Railway Commissioners; and
- to provide for matters incidental thereto.
Commencement
3 July 1968
