Loan Act 1896 (WA)

lectern Clustratta.

ANNO SEXAGESIMO

VICTORIAR REGINIE.

*********************flfl

No. XXVIII.

AN ACT to authorise the raising of a sum of Three Million Five Hundred Thousand Pounds by Loan for the construction of certain Public Works, and other purposes.

[Assented to, 27th October, 0'96.]

HEREAS it is expedient to authorise the raising, by way of million five hundred thousand pounds, for the several purposes hereinafter mentioned: Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows :— W Loan, of certain sums of money amounting in all to Three Preamble.

1.     THIS Act may be cited for all purposes as the Loan Act,

1896.  Short title.

2.      IT shall be lawful for the Governor, from time to time, to

raise by way of Loan such several sums of money, not exceeding' , Pfloolivieeyr tfo roratta,„

in the whole the sum of Three million five hundred thousand pounds, purposes.

60° V1CTORLE, No. 28.

Loan Act, 1896.

as may be required for the several works and purposes mentioned in the second Schedule to this Act, the particulars in the first Schedule hereto being given by way of explanation.

Sums raised, how to 3.

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 General Loan Fund, and shall be applied by the. Colonial Treasurer to the purposes set forth in this Act, in such amounts and manner as the Governor by any warrants under his hand may -from time to time authorise and direct, in conformity with the animal Estimates of the expenditure of Loan moneys sanctioned by Parliament.

be applied.

Contribution to 4.

THE contributions to the Sinking Fund for the repayment of 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.

Sinking Fund.

Principal and 5.

THE principal moneys and interest raised and secured by shall rank pan passe with the principal moneys and interest raised and secured by the Stock created and sold under " The Loan Act, 1891," and all subsequent Loan Acts, and are 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, subject to the prior charges mentioned in the fourth section of " The Loan Act, 1891."

interest charged on	the Stock to be created and sold, under the authority of this Act,
Revenue.

Advances on 6.

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 Second Schedule of this Act, 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.

account.

In the name and on behalf of the Queen I hereby assent

to this Act.

ALEX. C. ONSLOW, Governor's Deputy.

600 VICTORTIE, No. 28.

Loan Act, 1896.

First Schedule.

Construe. Rails and Rolling Depart.

Item. Description. Totals.

Don. Fastenings. Stock. mental.

S .2 a .2 .2

1 Development of Goldfields and Mineral

Resources , ... ... ... ... ... 190,000 10,000 200,000

2	Water Supply for Towns	...	...	...	95,000	5,000	100,000
3	Fremantle Dock and Slip	...	...	...	142,000	8,000	150,000

4

Fremantle Harbour Works (Third Instalment

of Original Estimate of £800,000, the

First and Second Instalments having been

£150,000 and £200,000 respectively) ... 237,000 13,000 250,000

5 Dredges and Barges ... ... ... ... 128,000 7,000 135,000

6     Sewerage for Perth and Fremantle (First

Instalment) ... ... 142,000 .. ... 8,000 150,000

7 Menzies Railway ... 114,000 92,000 50,000 14,000 270,000

8 Kanowna Railway ... ... ... ... 20,000 12,000 10,000 3,000 45,000

9 Additions anti Improvements ( Land & Works 870,000 80,00 50,000 1,000,000

to opened Railways ... t Rolling Stock... ... ... 1,140,000 60,000 1,200,000

Totals ... . ... ... 1,938,000 184,000 1,200,000 178,000 3,500,000

Second Schedule.

Item. Description. Totals.

.2

1 Development of Goldfields and Mineral Resources ... 190,000

2 Water Supply for Towns ... ... ... 95,000

3 Fremantle Dock and Slip	142,000
4 Fremantle Harbour Works	237,000

5 Dredgesand Barges ... ... ... ... .. 128,000

6 Sewerage for Perth and Fremantle (first instalment) 142,000

7	Menzies Railway	...	...	...	...	114,000
8	Kanowna Railway	..	...	...	...	20,000

9	Additions and Improvements to opened Railways	870,000
10	Rails and Fastenings	184,000

11 Rolling Stock ... 1,200,000

12 Departmental ... 178,000

Grand total	£3,500,000
By Authority : RICRAIth PETHER, Government Printer, Perth.