Government Loans Act 1856 No 1a (NSW)

Case
No judgment structure available for this case.

ANNO VICESIMO

V I C T O R I A E R E G I N A E .

No. I.

An Act to enable the Government to raise certain

Loans for 1856, [3rd October, 1856.]

WH E R E A S s u m of two h u n d r e d t housand pounds for t h e ca r ry ing on of

it is expedient to enable t he Gove rnmen t to borrow the

Ra i lway "Works a n d the s u m of seventy- three t housand seven h u n d r e d
a n d seventy-s ix pounds to enable t h e G o v e r n m e n t t o p a y off cer ta in
L a n d a n d I m m i g r a t i o n Deben tu re s which will fall due in th i s present
yea r Be i t enac ted by t h e Queen ' s Mos t Exce l len t Majesty by and
w i t h t h e advice and consent of t h e Legis la t ive Counci l a n d Legis la t ive
Assembly of N e w South W a l e s and by the au tho r i t y of t h e same as
follows :—

1. I t shal l be lawful for t he Governor wi th t he advice of t h e

E x e c u t i v e Counci l from t i m e to t ime to raise by the sale of Deben tu res
secured u p o n t h e Consolidated R e v e n u e F u n d of t h e Colony and
bear ing in te res t a t a r a t e not exceeding five pe r c e n t u m per a n n u m
such sum or sums of money no t exceeding two h u n d r e d t housand

pounds as m a y be requi red for t h e ca r ry ing on of Ra i lway W o r k s and all sums borrowed u n d e r th i s section shall be paid to t h e Treasurer of t h e Colony a n d shal l be by h i m placed to t h e credi t of t h e Consolidated R e v e n u e F u n d a n d shal l be applied to t h e purpose for wh ich t h e same

shal l have been raised and shal l be accounted for in t h e same m a n n e r
as if t h e y h a d formed p a r t of t h e C u r r e n t A n n u a l R e v e n u e of t he

Colony.

2. I t shal l be lawful for t h e Governor w i th t h e l ike advice to

raise b y the sale of Deben tu re s secured u p o n the Consol idated R e v e n u e
F u n d of t h e Colony and bea r ing in teres t at a r a t e n o t exceeding five
per c e n t u m per a n n u m such s u m or sums of money n o t exceeding
seventy- three t housand seven h u n d r e d and seventy-s ix pounds as m a y
b e requ i red t o pay off a n d discharge al l L a n d and I m m i g r a t i o n Deben­
t u r e s which shall fall due in th is p resen t year a n d all sums borrowed
u n d e r th i s section shal l be paid to t he Treasure r of t h e Colony and

shal l be by h i m placed to t h e credi t of t h e Consolidated R e v e n u e Fund a n d shal l be applied to t h e purpose for which the same shal l have been raised a n d shall be accounted for in t he same m a n n e r as if

t hey h a d formed p a r t of t h e C u r r e n t A n n u a l R e v e n u e of t h e Colony.
N o . I I .
Actions
Download as PDF Download as Word Document


Cases Citing This Decision

0

Cases Cited

0

Statutory Material Cited

0