Government Loan Act of 1908 (8 Edw VII No. 19) (Qld)

9~ 1O CONSTITUTION-LOANS, Government Loan. 8 Euw. VlI. No. H), PART L. SUPPLEM1£NTARY APP1WPRIATION (LOAN FUND) FOlt THE YEAR ENDED 30TH JUNE, 1908. Sums llot exceeding DEPAltTMENT OF TIlE TREASURElt. , £ 8. d. For Improvements,' Brisbane River 4,600 0 0 DEPARTMENT OF RAILWAYS. For Southern Division For Central Divisiou .. For Northern Division For General Expenditure 011 Railways 200 !) 3,315 12 64,791 2 6,476 19 8 1 3 8 TOTAL SUPPLEMENTARY CHARGES UPON MONEYS TO THE CREDIT OF THE LOAN FUND ACCOUNT £79,384 3 8 LOANS. 8 E N d o w . . 1 V 9. II. An Act to Authorise the Raising of a Loan for THE the Public Service of the State and for other GOVERN1IENT LOAN ACT m' 1908. purposes. ' [ASSENTED 'L'O 23RD DECEMBER, 1908.J P r e a m hIe. W HEREAS it is expedient to authorise the raising by wav of Loan for the Public Service of the State of certain ~ sums of money, amounting in all to Three million two hundred and eight thousand pounds, for the several purposes hereinafter specified: Be it therefore enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows : - Power to raise money for certain purposes. 1. It shall be lawful for the Governor in Council to raise by way of Loan for the Public Service of the State such several sums of money, not exceeding in the whole the sum of Three million two hundred and eight thousand pounds, as may be required for the several purposes following, that is to say,- RAILWAYS- Southern Oentral Northern General £ 8. d. 1,281,800 o 0 466,700 o 0 812,000 o 0 517,000 o 0 £ 8. d. 3,077,500 0 0 ADVANCES TO CENTRAL SUGAR-MILLS 24,000 0 0 HARBOUR IMPROVEMENTS ••• 21,500 0 0 RABRIT BOARDS ACTS-PURCHASE OF WIRE NETTING 85,000 0 0 £3,208,000 0 0

LOANS. 9411 1908. Government Loan. 2. For the purpose of raising the whole or any part of TJoans secured sue 1 1 sum, the Gov· ern. or I.n Counm ' 1 Iua · y cause De 1 )ent ures uCpoonnsotlhideated . to he made out and sold, or mav authorise the creation and Revenue. sale of Inscrihed Stock ttS provided hy " rPhe Queensland Stook Insoription Act of 1883" ; * and all dehentures or Inscribed Stock so made out or created, and sold, shall he secured upon the Consolidated Revenue of the State, and shall hear interest at a rate not exceeding Three pounds -and ten shillings per centum per annum. 3. 'rhe Governor in Council may authorise the sale of Debentures any suc I 1 D e b en t ures or I nsc1'1 'h ~ d o St c k' In pIaces b eyonc 1 oSrtoIcnkscJrtilabyedbe ·the limits of the State ' and . mav alJpoint any aO b 'ent or sthohe! h ~ m e~ lt o s n o d f agents to negotiate such sale. the State. 4. All sums horrowed under the authority of this Act Sums shall he paid to the Treasurer, and shall be hy him placed ~ ~ ~ ~ : e! to the credit of the Consolidated Revenue Fund. accounted for. 5. All sums horrowed under the tmthority of this Act Loan when to shall he repayahle not later than the first day of January, be repaid. one thousand nine hundred and fifty-nine. S. All Debentures purporting to be issued by the S.ecul'ities Governor under the authority of this Act, and signed by ~ ~ ~ : ~ o~ ~ ' nol' the Governor or hy the Vice-President of the Executive oPrreVsi! deee·nt of Council, and countersigned by the Treasurer, shall be the Executive deemed to have heen duIy I.ssued, and t he I 10 Ider t hereof dCeoeumnceidl dtoublye shall not he hound to inquire whether such issue was in issued. fact duly authorised. 7. All interest upon any sums borrowed under the Interest to be authority of this Act shall be and he deemed to be a ~ lfa~ ; ~ a~ ~ , charge upon all the revenues of the State, and the same revenue. when due shall he paid hy the Treasurer out of such revenues in priority to all demands thereon, except the charges and expenses of the collection thereof and the interest upon the sum authorised to he horrowed under the authority of the Government Loan Acts of 1872, 1875, 1876, 1877, 1878, 1879, 1881, 1882, 1884, 1889, 1890, 1894, 1896, 1899, 1900, and 1902, the Agricultural Lands « 47 Vie. No. 1, supra, page 1327.

9412 LOANS. Government LOlJn. 8 Enw. VII. No. 19, 1908. Short title. Purchase Acts, the Closer Settlement Acts, " The Savings Bank (Securities) Act of 1895," and the Treasury Hills Acts of 1901 and 1902.* , 8. This Act shall be styled and may be cited as "The Government Loan Act oj 1U08." «< 36 ne. No. 24, lupra page lOOt; 39 Vie. No. 8, supra, page 1306; 40 Vie. No. 19, supra, page 1307; 41 Vie. No. 22, IJIlpra, page 1308; 42 Vie. No. 1O,IIUJ'r'tJ, page 1310; 43 VlC. No. 6, supra, pnge ISH; 45 Vie. No. 8, supra, page 1313; 46 Vie. No. 16, supra, page 1314; 47 V~ c. No. 10, supra, page 1316; 48 Vie. No. 25; supra, page 1317; 53 Vie. No. 16, supra, page 3772; 54 Vie. No. 25, IJIlpra, page 4013; 58 Vie. No. 32, supra, page 4997; 1;0 Vie. No. 17, supra, page 6013; 68 Vie. ~ o.14,supra, page 7137; 64 Vie. No. 24, supra, page 7362; 2 Edw. VII. No. 27, lIupra, page 8353; 58 Vie. No. 27, supra, page 4988; 61 Vie. No. 13, supra, page 6223; 1 Edw.VlI. NO.,9, /lupra, page 8133; 1 Edw. VII. No. 23, supra, page 8136; 6 Edw. VII. No. 211, supra, page 9083; 6 Edw. VII. No. ~ , supra, page 9067; 59 Vie. No. 20, supra, page 5600; 1 Edw. VII. No. 4, supra, page 8166; 2 Edw. VII. No. 26, sup1'a, page 8352. PARLIAMENTARY BILLS REFERENDUM. . See CONSTITUTION. STATUTE LAW REVISION. See ACTS. By AtlthoriLy: ANTHONyJAMEs CUII1UNG, 'Government Printer, Bri.ban••