Loan Act 1894 (WA)

WESTERN AUSTRALIA

ANNO QTJINQUAGESIMO OCTAVO

ATIOTOBLE REGINi3

No. 18

An Act to authorise the raising of a sum of One Million Five Hundred Thousand Pounds by Loan, for the construction of certain Public Works, and other purposes, and to amend The Loan Act, 1893.'

[Assented to 8th November, 1894.

Preamble

-IEREAS it is expedient to construct certain Railways and

other Public Works, and to authorise the raising, by way of

Loan, of certain sums of money amounting in all to One million five

hundred thousand pounds, for the several purposes hereinafter men-

tioned : Be it enacted by the Queen's Most Excellent Majesty, by and

with the advice and consent of the Legislative Council and the Legis-

lative Assembly of Western Australia, in this present Parliament

assembled, and by the authority of the same, as follows :—

money for

Power to raise

1. It shall be lawful for the Governor in Council, from time to time, to raise by way of Loan such several sums of money, not exceed- ing in the whole the sum of One million five hundred thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

certain pnrposcs

Stuns raised,

2. All sums by this Act authorised to be raised shall be paid to the Colonial Treasurer, and shall be by him placed to the credit of an account to be called ' The 1894 Loan Account,' and shall be applied

Low to be

applied

58 VICTORLE. No. 18

The Loan Act, 1894

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.

of the sum by this Act authorised to be raised shall commence four Sinking Fmla 3. The contributions to the Sinking Fund for the repayment contribution to

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

Stock.

4. The principal moneys and interest raised and secured by the Pri ncipal and

Stock to be created and sold, under the authority of this Act, shall 1:,Nete,;',erned thereon, subject to the prior charges mentioned in the fourth section of The Loan Act, 1891.'

rank pari panic with the principal moneys and interest raised and

secured by the Stock created and sold under The Loan Act, 1891,'

and The Loan Act, 1893,' and are hereby charged upon, and shall be

payable out of the Consolidated Revenue Fund and Assets of the

hand, authorise the Colonial Treasurer to advance and apply, to account 5. The Governor may from time to time, by warrant under his Advances on

the purposes set forth in the said Schedule, any sums of money not exceeding in the whole the sum hereby authorised to be raised, and any sums of money so advanced and paid shall be retained by the Colonial Treasurer out of any moneys coming to his hands under the authority of this Act.

6. The principal moneys and interest raised and secured by the Tconcipai and

Stock created and sold under the authority of The Loan Act, 1893,' =TAT:

shall rank pari passe with the principal moneys and interest raised MkitTed:2:

and secured by the Stock created and sold under The Loan Act, 1891

1891,' subject to the prior charges mentioned in the fourth section of

that Act.

7. This Act may be cited for all purposes as The Loan Act,' Short titie

1894.'

ALEX. C. ONSLOW,

GOVERNOR'S DEPUTY.

THE SCHEDULE

1.    Railway from Mullewa to Murchison Goldfields (exclusive of

Rolling Stock) . . . . . . . . . 409,000

2.     Railway from Southern Cross to Coolgardie Goldfields (exclusive

of Rolling Stock) . . . . . . . . 229,000

3.    Railway from Donnybrook towards Bridgetown (exclusive of

Rolling Stock) . . . . . . . 80,000

.

4. Railway to Collie Coalfields (exclusive of Rolling Stock) . . 60,000

58 VICTORI.a. No. 18

The Loan Act, 1894

8.

Development of Goldfields and Mineral Resources, including

L10,000 for the Pilbarra Goldfields, and £5,000 for the

Kimberley Districts . . . . . . . . £70,000

9.    Development of Agriculture, including Clearing Land, Draining

of Land, Market in Perth, and Cold Storage . . . . 40,000

10.	Harbour Works at Geraldton, including extension of Jetty	.	14,000
11.	Improvements to Harbours and Rivers, including Jetties and
40,000

12. Lighthouses . . ...... 25,000

13.    Telegraphs--Prom Broome Hill to Albany—Prom Bannister to Mooradong—From Moore to Dandaraga—From Coolgardie to Hannan's, White Feather, Kurnalpi, 25-Mile, 45-Mile, and to 90-Mile—From Cue to Day Dawn, The Island, and to Mount Magnet—Connection to Yalgoo—From Marble Bar to Bamboo Creek—and extensions to other centres on Goldfields,

and to other parts of the Colony . . . . 20,000

14.    Roads and Bridges, including Stock Route to Northern Districts,