Loan Act 1893 (WA)

57 VICTORDE. No. 10

The Loan Act, 1893

WESTERN AUSTRALIA

ANNO QUINQUAGESIMO SEPTIMO

VICTORLE REGIN}E

No. 10

An Act to authorise the raising of a sum of Five Hundred

and Forty Thousand Pounds by Loan, for the con-

struction of certain Public Works, and other purposes.

[Assented to 27th September, 1893.

Preamble	TXTHEREAS it is expedient to complete certain Railways, and to
construct and complete other Public Works, and to authorise the raising, by way of Loan, of certain sums of money amounting in all to Five hundred and forty thousand pounds, for the several pur- poses hereinafter mentioned : Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows :—
Power to raise	1. It shall be lawful for the Governor in Council, from time to ing in the whole the sum of Five hundred and forty thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.
money for
certain purposes ,	time, to raise by way of Loan such several sums of money, not exceed-

Sums raised, 2. All sums by this Act authorised to be raised shall be paid to the Low to beapplied Colonial Treasurer, and shall be by him placed to the credit of an

account to be called The 1893 Loan Account,' and shall be applied by the Colonial Treasurer to the purposes set forth in the Schedule hereto, in such amounts and manner as the Governor by any warrants under his hand may from time to time authorise and direct, in con- formity with the annual Estimates of the expenditure of Loan moneys sanctioned by Parliament.

-contribution to 3. The contributions to the Sinking Fund for the repayment of

sinking Mimi the sum by this Act authorised to be raised shall commence four

years from the date of the first issue of the Debentures or Inscribed

Stock.

Principal and	4. The principal moneys and interest raised and secured by the hereby charged upon, and shall be payable out of the Consolidated Revenue Fund and Assets of the Government of Western Australia, and shall constitute a charge thereon.
interest &target
on Revenue	Stock to be created and sold, under the authority of this Act, are
Advances on	5. The Governor may, from time to time, by warrant under his hand, authorise the Colonial Treasurer to advance and apply, to the purposes set forth in the said Schedule, any sums of money not exceed- ing in the whole the sum hereby authorised to be raised, and any sums
account

57 VICTORIa. No. 10

The Loan Act, 1893

of money so advanced and paid shall be retained by the Colonial Treasurer out of any moneys coining to his hands under the authority of this Act.

6. This Act may be cited for all purposes The Loan Act, 1898.' Sim tle

W. C. F. ROBINSON,

GOVERNOR.

THE SCHEDULE

1. Completion of Yilgarn Railway

2. ompletion of Mullewa Railway . . . . . . . 80.000 C

3. Deviations to improve the Grades between Fremantle and Beverley,

and Relaying the same with 601b. Rails . . . . . 120,000

4. Purchase of Land for Perth Railway Station and Yards, Buildings,

&c., including Iron Bridge and Improvements to Barrack Street 85,000

5. Eastern Railway, Miscellaneous . . . . . . . 20,000

6. Additional Rolling Stock for existing Lines . . . . . 60,000

7. Additional Improvements to opened Railways (exclusive of Eastern

Railway) . . . . . . . . 10,000

8. Railway Workshops	20 000
O. Roads ; and also Roads to Railway Stations	10 000

10. Development of Goldfields and Mineral Resources . . . . 40,000

11. Improvements to Harbours and Rivers, including Jetties and

Dredging . . . . . . 15,000

12. School Buildings . . . . . . 15,000

13. Charges and Expenses of raising Loans

25,000

£540,000