General Loan and Inscribed Stock Act 1884 Amendment Act 1891 (WA)

WESTERN AUSTRALIA

ANNO QUINQUAGESMO QUARTO

VICTOR= REGLI\LE

No. 13

An Act to amend The General Loan and Inscribed Stock

Act, 1884.' [Assented to 26th February, 1891.

lative Assembly of Western Australia, in the present Parliament BEit enacted by the Queen's Most Eicellent Majesty, by and with the advice and consent of the Legislative Council and the Legis-

assembled, and by the authority of the same, as follows :-

1. The Governor in Council may from time to time enter into an Go,„„or in

agreement with any bank in London, providing for such bank acting ac,ortiee as Registrar of the Colony of Western Australia in London, in accord- for imek ti on,wit'' ne,i,lii ni

mice with theprovisions of The Colonial Stock Act, 1877,' and for all rtmAs or any of the following things :— stook

(i.) For the inscription and sale of stock.

(m) For effecting the conversion of debentures into stock and

regulating transfers of stock.

(m) For paying interest on stock.

(iv.) For issuing stock certificates and, as often as occasion shall

require, re-inscribing or re-issuing such certificates.

54 VICTORIIE. No. 13

The General Loan and Inscribed Stock Act, 1884—Amendment

(v.) For receiving all moneys raised under The General Loan and Inscribed Stock Act, 1884,' and for paying such moneys into the public account with the bank appointed in that behalf.

(vi.) For issuing scrip for deposits on loans raised by the sale of

stock.

(vii.) For paying off capital of stock or loans.

(viii.) For conducting, generally, all business connected with

stock or loans.

(ix.) And for the protection and remuneration of any such bank

under and in respect of any such agreement.

Agreement to	2. Every agreement made with any such bank shall be as valid and effectual as if the terms thereof had been enacted by this Act, and all remuneration payable thereunder to such bank, and all charges and expenses incurred in carrying out the provisions of The General Loan and Inscribed Stock Act, 1884,' and of this Act shall be a charge on, and shall be paid out of the Consolidated Revenue Fund, and the principal money due and payable in respect of any such remuneration, charges, and expenses shall be paid by the Colonial Treasurer out of such revenue, under Warrants to be issued by the Governor.
have the force
of LW
Appointment of

Agents 3. The Governor in Council may appoint one or more persons in

London as acent or agents for the purposes of The General Loan and

Inscribed Stock Act, 1884,' and of this Act ; and such person, or ifb more than one be appointed one of such persons, shall be the Agent General of the Colony for the time being, if and so long as there be an Agent General of the Colony in London, and may empower such agent or agents to exercise all such powers and do all such things as are by

Exercise by

The General Loan and Inscribed Stock Act, 1884,' vested in, exer-

Agents of power

of the Crown

cisable or to be done by the Crown Agents, and to exercise all such

Agents in

certain cases

powers as are by this Act exercisable by the Governor in Council, as

the said Governor in Council may authorise or direct.

Notification of

4. Every such appointment of an agent shall be notified to any bank with which any agreement has been entered into under this Act, and the power and authority of every such agent shall continue in force until such bank shall have received a notice in writing of the termina- tion of the agent's appointment, signed by the Governor.

appointment of

agents

Substitution of

5. For the purposes of any loan authorised to be raised by any Act the words Crown Agents for the Colonies' and Crown Agents,' occurring in The General Loan and Inscribed Stock Act, 1884,' shall be read Agent or Agents appointed under the authority of " The General Loan and Inscribed Stock Act, 1884, Amendment Act, 1891."'

other agents for

the Crown

to be passed during the present Session of Parliament or thereafter,

Agents

Sections 11 and

14 of 48 Vic., 6. The words subject to the approval of Her Majesty's Principal

No. 4, partially

Secretary of State for the Colonies for the time being,' mentioned in

sweated

Sections 11 and 14 of The General Loan and Inscribed Stock Act,

1884,' are hereby repealed, in so far as the same may be applied to

(a) Any moneys remitted to the agent or agents appointed

under the authority of this Act ; and

(b) The redemption of any debentures issued after the passing

of this Act.

54 VICTORIA. No. 13

The General Loan and Inscribed Stock Act, 1884--Amendment

7. This Act may be cited for all purposes The General Loan Short title

and Inscribed Stock Act, 1884, Amendment Act, 1891.'

W. C. F. ROBINSON,

GOVERNOR.