Government Loan Act of 1926 (17 Geo v No. 30) (Qld)

LIQUOR.-LOANS, GOVERNMENT. 17 GEO. V. No. 30, 1926. Government Loan Act. be liable to a penalty not exceeding fifty pounds. The court f3hall by its certificate declare the increased amount of fees payable in respect of each such wine-seller's license (in accor- dance with the assessment of value for the year aforesaid) calculated for the period of nine months beginning on the first day of October, one thousand nine hundred and twenty-six, and ending on the thirtieth day of June, one thousand nine hundred and twenty-seven, and the licensee shall forthwith pay such amount to the clerk of petty sessions, and in default of so doing the license shall be liable to be forfeited. (c) The court shall by its certificate declare the increased amount of fees payable in respect of each certificate of each registered spirit merchant within its district, calculated for the period of nine months beginning on the first day of October, one thousand nine hun- dred and twenty-six, and ending on the thirtieth day of June, one thousand nine hundred and twenty-seven, and the spirit merchant shall forthwith pay such amount to the clerk of petty sessions, and in default of 1'30 doing the certificate (or, if he holds more than one, all of such certificates) shall be liable to be cancelled. 11645 LOANS, GOVERNMENT. An Act to Authorise the Raising of a Loan for the 17 Gea. v. Public Service of the State and for other N; ~ ~ O. purposes, and to Amend "The Government G~ ~~ ~ N~ ~ :T Loan Act of 1924" in a certain pa:rticular. OF 1926. [ASSENTED TO 29TH NOVEMBER, 1926.] W HEREAS it is expedient to authorise the raising by Preamble. way of Loan for the Public Service of the State of certain sums of money, amounting in all to nine million pounds, and to amend" The GO'l/ernment Loan

11646 LOANS, GOVERNMENT. Government Loan Act. 17 GEO. V. No. 30, Act of 1924"* in a certain particular: Be it therefore enacted by the King's Most Excellent M8Jjesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows : - Short title. 1. This Act may be cited as " The Government Loan Act of 1926." Interpreta. tion. Government Stock. Inscribed Stock. 2. For the purposes of this Act- The term "Government Stock" means and includes debentures, Treasury bills, bonds, and any other form of Government Stock or Securities except Inscribed Stock; and The term "Inscribed Stock" means Queensland Stock issued as provided by " The Queensland Stock Inscription Acts, 1883 to 1901 "t or any Act amending or in substitution for those Acts, and Government Inscribed Stock issued as provided by "The Govern- ment Inscribed Stock Acts,· 1920 to 1921 "t or any Act amending or in substitution for those Acts. Power to raise nine mill.ion pounds. 3. It shall be lawful for the Governor in Council to raise by way of Loan for the Public Service of the State sums of money, not exceeding in the whole the sum of nine million pounds, for expenditure upon Public Works and Services which may hereafter be approved by Parlia- ment to be defrayed out of moneys standing to the credit of the Loan Fund Account. The sum hereby authorised to be raised shall include such additional sums as may be necessary in order actually to produce. to the Treasury the said sum after providing for all costs, charges, and expenses connected with the raising thereof or with the redemp- tion, retirement, or rene wal of the Government Stock or Inscribed Stock issued or created in respect thereof; and for that purpose Government Stock or Inscribed Stock in excess of the sum hereby authorised to be raised may be issued or created accoidingly. ~ * 15 Geo. V. No. 4, supra, page 11074. t 47 Vic. No. 1 and 1 Edw. VII. No. 5, supra, pages 1847 et seq. t 11 Geo.. V. No. 10 and 12 Geo. V. No. ]0, supra, pages 9569 and 9743.

LOANS, GOVERNMENT. 11647 1926. Government Loan Act. 4. (1.) For the purpose of raising the whole or any Loans part of such sum, the Governor in Council may cause secured upon Government Stock or Inscribed Stock to be issued or ~ ~ ~ solidated created and delivered or sold. Revenue. All Government Stock or Inscribed Stock so issued or created and delivered or sold- (a) Shall be secured upon the Consolidated Revenue of the Sta,te; and (b) Shall bear interest at a rate fixed by the Governor in Council according as necessity demands; and (c) Shall be repayable at a date or dates to be fixed by the Governor in Council. (2.) The Governor in Council may authorise the safe Stock may of any such Government Stock or Inscribed Stock in ~: ; ~~ ~ the places beyond the limits of the State , and ma u v appoint l s im ~ i ~ ts of the any agent or agents to negotiate such sale and to enter . into and execute any contract or contracts therefor. (3.) All Government Stock purporting to be issued Government under the authority of this Act, if signed by the Governor ~ ~ ~ ~ ~ ; } ~ Ky or by the Vice-President of the Executive Council and issued. countersigned by the Tre8Jsurer, or, if such issue purports to have been made in any place beyond the limits of the State, signed as prescribed by the Governor in Council, shall be deemed to have been duly issued, and the holder thereof shnll not be bound to inquire whether such issue was in fact duly authorised. 5. All sums borrowed under the authority of this Sums Act shall be paid to the Treasurer, and shall be by him ~ ~ ~ ot: e~ ~ placed to the credit of the Consolidated Revenue Fund. accounted. B. Pending the final disposal of any Government Temporary Stock or Inscribed Stock authorised bv this Act to be advances. issued or created, the Governor in Council may obtain temporary advances from any bank, corporation, or financial institution for such period and on such terms as to interest or otherwise as he thinks fit. 7. (1.) The provisions of " The Government Stock ActIssue of ot 1912"* shall apply to all or any of the sums of money ~ t~ ~ ~ . ~ ~ er hereby authorised to be raised, with the followingNo 2. modification :-That the limit of currency of and the * 3 Geo. V. No. 2, 8UP""', page 5650.

11648 LOANS, GOVERNMENT. Government Loan Act. 17 GEO. V. No. 30, rate of interest· on Government Stock as defined by and issued under the said Act shall not apply to any such Government Stock issued under the s9Jid Act for the purposes of this Act. Application (2.) The provjsions of "The Government Loans ~ ol~ ~ eo. V. Redemption and Conversion Act ot 1923"* shall apply to the loan hereby authorised to be raised. Interest and 8. All interest upon any sums· borrowed under the FSiunnkdintgo be authority of this Act, and all contributions in respect of primary any Sinking Fund hereinafter provided for, and all sums crehvaernguese.on of money necessary for the purchase of Government Stock issued and sold under the conditions in the next succeeding section hereof mentioned, shall be and be deemed to be a charge upon all the revenues of the State, and the same when due shall be paid by the Treasurer out of such revenues in the following order:- Firstly, the said interest; and Secondly, the said contributions and purchase moneys; in priority to all demands on such revenues, except the charges and expenses of the collection thereof and the interest upon the sums authorised to be borrowed under the authority of the Government Loan Acts of 1890, 1894, 1896, 1899, 1900,1902, 1908, 1910, 1911, 1914, 1918, 1921, and 1924, the Agricultural Lands Purchase Acts, the Closer Settlement Acts, "The Government Savings Bank Stock Acts, 1894 to 1897," " The Treasury Bills Act ot 1917," "The Commonwealth Bank Agree- ment Ratification and. State Advances Act ot 1920," and "The Govemr; ~ ent LoansRedemptionandConversionAct ot 1923."t Special 9. Any Government Stock or Inscribed Stock issued parsotvoisSiotonck. or created and delivered or sold under the authority of this Act may, if the Governor in Council so directs, be issued or created and delivered or sold subject to the condition that a proportion of the principal moneys representing such Stock shall be redeemed at stated intervals during the period of the currency of such Stock, or to a condition that a certain amount shall be set apart at fixed periods for the purpose of purchasing such Stock at such price and on such terms and * 14 Geo. V. No. 37, supra, page 10657. t For reference to these Acts see Alphabetical tables, supra, titles Loans, Lands, and Banks. .

LOANS, GOVERNMENT. 11649 1926. Government Loan Act. conditions as are deemed desirable. Moneys so set apart may be payable to any bl:mk or agent approved by the Governor in Council, to be defrayed by such bank or agent for the purpose aforesaid. 10. (1.) The Treasurer shall pay to the Trustees of Sinking the Public Debt Reduction Fund, on the thirtieth day of ! ~ ~ ~ ! ~ h~ ~ . June and the thirty-first day of December in every year, until the whole of the sums borrowed under the authority of this Act (exclusive of sums borrowed pursuant to the last preceding section hereof) have been redeemed, a sum equal to ten shillings per centum per annum on the amount of such sums which have been so borrowed, exclusive of sums borrowed pursuant, of the last pre- ceding section hereof; and the said Trustees shall stand possessed of all such sums so 'paid to them and all interest received thereon as a Sinking Fund for the redemption' of the sums borrowed under the authority of this Act exclusive of the sums aforesa~d. ' (2.) The said Trustees shall, so soon after the receipt Investment of the aforesaid payments on account of the Sinking thereof. Fund as they in their judgment think expedient, invest the sums so received, and all interest accruing in respect of the investments of the Sinking Fund, in any Securities of the Imperial Government or any Austre,lian Govern- ment. repay( 3m.) enTth 0 e f St h ineksiunmg sF b uonrdrowsheadllunbdeerapthpelieaduthsOolre . Iltyy oinf oAFfuppSn!mdiC.kBi:ntigon this Act exclusive of sums borrowed pursuant to the last preceding section hereof; and all expenses of and incidental to the repayment of the sums borrowed under the authority of this Act exclusive of the sums aforesaid and of or incidental to the management of the Sinking Fund shall be, a charge upon and be paid out of the revenues of the State. (4.) Whenever the Treasurer notifies to the said Sinking Trustees that arrangements have been made for the ~: ~ ~' a,; hen repayment of the whole or any part of the sums borrowed 'l'.reasurer's under the authority of this Act exclusive of the sums dIsposal. aforesaid, the said Trustees shall take the necessary action so that the Sinking Fund or such part thereof as is required shall be available to the Treasurer for the purposes of repayment. (5.) The Sinking Fund Account shall be audited once Audit. at least in each financial year by the Auditor-General.

11650 LOANS, GOVERNMENT.-LOCAL AUTHORITIES. Local Authorities Acts Amendment Act. 17 GEO. V. No. 24, Report to (6.) The Auditor-General shall cause a report to be Parliament. made to the Legislative Assembly in each year, giving full information in connection with the operations of such Sinking Fund during the last preceding financial year. Amendment 11. The following amendment is made in "The ~ overnment Government Loan Act of 1924 ,,* and shall be deemed to L5 Jan Act have been so made on the first day of July, one thousand ot 1924. nine hundred and twenty-five :__ In section seven the words" not later than the first day of .T uly, one thousand nine hundred and seventy," are repealed and the words" at a date or dates to be fixed by the Governor in Council" are inserted in lieu thereof. LOCAL AUTHORITIES. 17 Geo. v.An Act to Amend "The Local Authorities Acts, T: : L204~ AL 1902 to 1925," in a certain particular. AUTHORITIES BE AMEANCDTMS ENT ACT OF 1926. [ASSENTED TO 26TH NOVEMBER, 1926.] it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in' Parliament assembled, and by the authority of the same, as follows : - Short title 1. This Act may be cited as "The Local A'ltthori#es ~ ~ ~ structjon. Acts Amendment Act ot 1926 " and shall be read as one with" The Local Authorities Acts, 1902 to 1925,"t herein collectively referred to as the Principal Act. Special Sewerage and Cleansing Rates. 2. After section two hundred and forty-three of the Principal Act the following section is inserted :- " [243A. ] In any case where a Local Authority has constructed and is maintaining works for or relating to sewerage and drainage and a locality of the Area (which locality the Local Authority is hereby empowered to define and declare) is receiving benefit from such works by the discharge of sewage from the lands within that * 15 Geo. V. No. 4, supra, page 11074. t 2 Edw. VII. No. 19 and amending Acts, supra, pages 1860 et seq., 5653, 5918, 8304, 9571, 10126, 10661, 11078, and 11333.