Agricultural Bank Act Amendment Act 1909 (WA)

WESTERN AUSTRALIA.

ANNO NONO

EDWARDI SEPTUM REGIS,

XLVI.

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No. 50 of 1909.

AN ACT to further amend the Agricultural

Bank Act, 1906.

[Assented to 21st December, 1909.]

Legislative Assembly of Western Australia, in this present Parlia-BE it enacted by the King's Most Excellent Majesty, by andwith the advice and consent of the Legislative Council and

ment assembled, and by the authority of the same, as follows:—

1.    This Act may be cited as the Agricultural Bank Act Amend- short title.

meat Art. 1909, and shall be read as one with the Agricultural Bank

Act, 1906, hereinafter referred to as the principal Act.

2.    Subsection two of section ten of the principal Act is Amendment of

amended by striking out the words " two guineas" and inserting No• 15 of 1906,

i

in place thereof the words "three guineas," and by striking out s'

u'

the words "one hundred and five pounds" and inserting in place

thereof "one hundred and fifty guineas."

3. Section sixteen of the principal Act as amended by section Amendment of

two of the Agricultural Bank Amendment Act, 1907, is further	No. 15 of 1906.
amended by striking out the words "one million five hundred	s. 16.
thousand " and inserting in place thereof the words " two million."

1909, No. 50.] Agricultural Bank Art—Amendment. [9 EDW. VII.

Amendment of 4. Section twenty-eight of the principal Act is repealed, and

No. 15 Of 1906,

s. 28. the following is enacted in place thereof :

Bank may make	28. (1.) Subject to the provisions of this Act, the Bank
advances to

farmers and cul-	may, if the Trustees think fit, make advances on the pre-
tivators.	scribed security for

(a.) Ring-barking, clearing, fencing. draining, or

water conservation; or

(b.) Discharging any mortgage already existing on

any holding; or -

(c • .) The purchase of stock for breeding purposes; or (d.) The purchase of agricultural machinery manu-

factured in Western Australia.

Provided that subject to regulations made under this Act such machinery shall be deemed to have been manufactured in Western Australia, notwith- standing that certain parts thereof were imported.

Provided also that employees engaged in the manufacture of such machinery are paid the ruling rate of wages.

(2.) Every application for an advance shall be made

in the prescribed form, and shall contain such particulars as

may be prescribed.

(3.) Advances for the purposes specified in paragraph

(a) of subsection one may be made of an amount not ex-

ceeding four hundred pounds to the full value of the im-

provements proposed to be made.

(4.) Further advances for the purposes specified in

paragraph (a) of subsection one may be made of an amount not exceeding two hundred and fifty pounds to one-half the value of additional improvements proposed to be made.

(5.) No advance shall be made under paragraph (b.)

of subsection one to an amount exceeding three-fourths the

value of the improvements already made on the holding.

(6.) Advances may be made for the purposes specified

in paragraphs (c) and (d) of subsection one respectively, to

an amount not exceeding one hundre i pounds.

Provided that at no time shall the advances to any one person exceed the sum of seven hundred and fifty pounds.

Provided also that where any land is held by two or more persons as joint proprietors, the amount to be advanced under the provisions of this section may, in the discretion of the trustees, be multiplied by the number of such joint pro- prietors.

Deputy Managing 5. The Governor may appoint any officer as Deputy Managing Trustee, and such officer shall have all the powers and may perform all the duties of the Managing Trustee.

Trustee.

By Authority : A. CURTIS, Acting Government Printer, Perth.