Loan (1845) (WA)

WESTERN AUSTRALIA.

ANNO NONO

VICTORIA, REGINA:.

No. III.

An Ordinance to authorise the Governor of Western Australia to raise the sum of. Two Thousand Pounds on Loan, for the erection of a Gaol, or for other public ser- vices of the colony.

HEREAS the construction of a suitable gaol in the town of Preamble.

W Perth, is a work of urgent necessity, and of great public

9th Viet, No. 3. 1845.

utility ; and whereas the annual Revenue of this colony is utterly inadequate to defray the expenses of such a building, as well as to meet some other pressing demands on account of the public service; and whereas it is expedient to raise a stun sufficient for such purposes by way of loan, the repayment of -which sum, with interest, shall be secured on the Colonial Revenue:— Be it therefore enacted, by His Excellency the Governor of Western Australia and its Dependencies, -with the advice and consent of the Legislative Council thereof; That at any time during twelve calendar months next from and after

Gove r emp ower ed per to the passing of this Ordinance, it shall be lawful for the said Gov- ernor, with the advice and consent of the Executive. Council of the said colony, to borrow and take up in such manner as to him or them shall seem advisable, a sum not exceeding. Two Thousand Pounds for the purposes aforesaid, at a rate of interest not exceeding seven pounds for every hundred pounds by the year.

bow rrornoa sum at 1 7

cent.

If a less sum be raised it II. PROVIDED always, that in case the said sum of Two

may be applied to exten- Thousand Pounds cannot be raised in manner aforesaid, but that asion of Jetty or construc-

tion of Road. less sum be raised, then it shall be_ competent for the Governor,

with the consent of the Executive Council, to appropriate the sum so raised, either to the erection of the Gaol at Perth. or to the exten- sion of the Jetty in Bathers' bay at -Fremantle, or to the construction and completion of the road between Perth and Fremantle, as may appear most expedient.

Principal charged upon III. AND be it enacted, that the said principal sum shall be and

p,yable quarterly, is hereby charged upon the revenue of the said colony, and that thethe revenue, and interest .

interest thereof, at the rate aforesaid, shall be payable quarterly out

of the said revenue.

Principal to be repaid in

ten years, or sooner, at IV. AND be it enacted, that the said principal sum, shall, be

the option of Govern-	repayable: at the expiration of Ten - Years from the lime of' the ad-
ment, by giving sin
months' notice.	vance thereof, or at any earlier period; at the opition of , the Lecal
Government, on giving six months' notice of their intention to make such repayment.

Ordinance moybe altered. IX. AND be it enacted, that this Ordinance may be altered,

1845.                 9th Viet. No. 3.

amended or repealed by any Ordinance to be passed during the

present Session.

JOHN HUTT,

GOVERNOR.

Passed the Council

7th Aug., 1845.

WALKINSHAW COWAN,

Clerk of the Councils.

Printed by authority of the Government, by E. Stirling, Perth.