Land Sales Proceeds Act of 1911 (2 Geo v No. 19) (Qld)

LAND, CROWN. 2GEO. V; No. 19, 1911. Land Sales Prot:iieds Act. 5198' LAND, CROWN. An Act to Make Provision for the Application of 2 Geo. V. the Proceeds of Sales by Auction of Crown TH N E o. L 1 A 9 N . D Land. SALES PROOEEDS AOT OF 1911. [ASS'ENTED TO. 20TH DECEMBER, 1911.] , BE it enacted by the King's Most Excellent Majesty, . by and with the advice and consent of the Legis- lative Council and Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows : ~ , .' 1. This Act may be cited as "The Land Sales Short title. Prooeeds Aot of 1911." . 2. "The Larl,ds Sales PrQoeeds Act of 1906"* is Repeal of repealed. , 6 NoE. d I w S. . VII. 3. (1.) All moneys received in payment for land sold Application, by auction under the au . thority of Part V ' o , f "T ' he Land l o a f n p d ro a c a e le e s d . s of Aot of 1910,"t or declared open for purchase and purchased under that Part, or sold by auction or purchased as afore- . said under the analogous provisions of any Act repealed by the said Act, shall be paid into the Loan l!'und Account, and shall be applied in defraying the cost of such works as Parliament may from time to time determine shall be executed out of tno:p.eys standing to the credit of such' Loan Fund Account. ,(2.) This Act does not apply"to sales by auction- (i.) Of Perpetual Town Allotment Leases or Perpetual Suburban Allotment Leases; or (ii.) Of land escheated to the Crown under" The Esc,heat (Procedure and Amendment) A.ct, 1891,"t and so sold, wholly or in part; or (iii.) Of land which was held in fee-simple and which was surrendered to or acquired hythe .Crown . under any Act, whether by agreement o.r compulsorily; o r , r'. (iv.) Of part of a hol4ing under" ,PheLand ,Aot of 1910"t surrendered to the Crown for valuable co.nsideration, or resumed by the Crown with co.mpensatio.n fo.r resumptio.n, and so sold-· (a) For township purposes; or • 6 .Edw. VII. No. 16, 8Upra, page 1677. t 1 Geo. V,, l! o. 15imp1' lJ; PII; ge~ 1S4' 1- ; :t 6;; Vie. No. 12, "pra" page'721. '

5194 LAND, CROWN.-LOANS. Government Loan Act. 2 GEO. V. No. 23, (b) For the reason that the nature and value of the improvements thereon render this the most advantageous method of sale; or (v.) Of land in respect of which improvements have been effected out of moneys to the credit of the Public Estate Improvement Fund to the extent of the moneys so expended; or (vi.). Of a public reserve or land held upon public trusts, which has been surrendered to the Crown and so sold upon a condition or engage- ment that the proceeds of sale shall be applied wholly or in part in the improvement or pur- chase of other public reserves or land held upon public trusts or for any other purpose of public advantage. LAND SURVEYORS. See SURVEYORS. 'LEASES TO ALIENS RESTRICTION. See REAL PROPERTY. LOANS. Government Loan Act C!i 1911 ... Treasury Bill" Act of 1911 ... 2 Qeo. V. No, 23 2 Qeo, V. No. ~ 2NGoe.o2. 3V. . An Act to Authorise the Raising of a Loan for the THE Retirement of the Loan raised under "The GOVERNMENT LOAN ACT OF Government Loan Act of 1872" and for other' 1911. purposes. Preamble. [ASSENTED TO 20TH DECEMBER, 1911.J W HEREAS it is expedient to authorise the raising by way of loan for the retirement of the loan raised under "The Govern;IIent Loan Act of 187~ " * of certain sums of money, amounting in all to One million four hundred and sixty-six thousand five hundred pounds: Be it therefore enacted by the. King's Most Excellent Majesty, by and with the advice and consent of the «< 36 Vie. No, 24, sup.ra, page 1812,