Australian Capital Territory
Walter Oswald Watt Memorial Fund Act 1938
A1938-24
Republication No 1 (RI)
Effective:  9 November 1939 – 4 March 1996
Republication date of printed version: 30 June 1991
Reissued electronically: 12 November 2008
Last amendment made by A1939-13
(republication for initial republication since self-government)

Unauthorised version prepared by ACT Parliamentary Counsel's Office

About this republication
The republished law
This is a republication of the Walter Oswald Watt Memorial Fund Act 1938 effective 9 November 1939 to 4 March 1996.
Kinds of republications
The Parliamentary Counsel’s Office prepares 2 kinds of republications of ACT laws (see the ACT legislation register at www.legislation.act.gov.au):
•	authorised republications to which the Legislation Act 2001 applies
•	unauthorised republications.
The status of this republication appears on the bottom of each page.

Australian Capital Territory

walter oswald watt memorial fund 
act 1938
This consolidation has been prepared by the ACT Parliamentary Counsel’s Office
TABLE OF PROVISIONS
Section
	1.	Short title
	2.	Interpretation
	3.	Application of excess income

An Act to authorize the Variation of certain trusts under the Will of the late Walter Oswald Watt
WHEREAS by his Will dated the fifteenth day of January, One thousand nine hundred and twenty, Walter Oswald Watt, late of Sydney, in the State of New South Wales, bequeathed the sum of Five hundred pounds to the Commandant for the time being of the Royal Military College, Duntroon, in the Territory for the Seat of Government of the Commonwealth, on trust to invest the same and to apply the income accruing therefrom to the purchase in each year of a pair of field glasses to be given as a prize to the cadet who in that year writes the best essay dealing with any aspect of military aviation or aeronautics:

AND WHEREAS the said sum of Five hundred pounds (together with accretions thereto) has been duly invested and the income therefrom is more than sufficient to purchase one pair of field glasses in each year:
AND WHEREAS it is desirable to make provision for the application of the surplus income:
BE it therefore ordained by the Administrator of the Government of the Commonwealth of Australia, with the advice of the Federal Executive Council, in pursuance of the powers conferred by the Seat of Government Acceptance Act 1909-1938 of the Commonwealth and the Seat of Government (Administration) Act 1910-1933 of the Commonwealth, as follows:
Short title
1.  This Act may be cited as the Walter Oswald Watt Memorial Fund Act 1938.1
Interpretation
2.  In this Act, unless the contrary intention appears—
“the College” means the Royal Military College at Duntroon, in the Australian Capltal Territory;
“the Fund” means the sum of Five hundred pounds (together with accretions thereto) referred to in the Preamble to this Act;
“the income” means the income arising from the investment of the Fund, and includes accrued income;
“the Will” means the Will of the late Walter Oswald Watt which is referred to in the Preamble to this Act.
Application of excess income
3.  Where, in any year, the income is more than sufficient to purchase one pair of field glasses, the amount of the excess income, or any part thereof, may be expended on the purchase of a second pair of field glasses to be given as a second prize to the cadet attending the College who in that year writes the second best essay dealing with any aspect of military aviation or aeronautics.

NOTE
1.	The Walter Oswald Watt Memorial Fund Act 1938 as shown in this reprint comprises Act No. 24, 1938 amended as indicated in the Tables below.
	Citation of Laws—The Self-Government (Citation of Laws) Act 1989  (No. 21, 1989) altered the citation of most Ordinances so that after Self-Government day they are to be cited as Acts.  That Act also affects references in ACT laws to Commonwealth Acts.
Table of Ordinances
Ordinance	Number  
and year	Date of 
notification 
in Gazette	Date of 
commencement	Application, saving or transitional provisions	

Walter Oswald Watt Memorial Fund Ordinance 1938	24, 1938	8 Sept 1938	8 Sept 1938		
Walter Oswald Watt Memorial Fund Ordinance 1939	13, 1939	9 Nov 1939	9 Nov 1939	—

Table of Amendments
ad. = added or inserted      am. = amended     rep. = repealed      rs. = repealed and substituted

Provision	How affected

Ss. 2, 3	am. No. 13, 1939

©  Australian Capital Territory 2008