Loan Act 1900 (WA)

Mecitern Cattztratta.

ANNO SEXAGESIMO QUARTO

VICTORIA] REGINZE.

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No. XIII.

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

[Assented to, ath December, '1900.]

TXTHEREAS it is expedient to authorise the raising, by way of Loan, of certain sums of money amounting in all to Seven Preamble.

hundred and ninety 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:—

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

1900.   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 Power raise :o

ertain money forc

in the whole the sum of Seven hundred and ninety thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

64° VICTORIIE, No. 13.

Loan Act, 1900.

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 td 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 annual Estimates of the expenditure of Loan moneys sanctioned by Parliament.

Sums raised, how to 3.

be applied.

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.

Contribution to 4.

Sinking Fund.

THE principal moneys and interest raised and secured by shall rank pan passu 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.

Principal and 5.

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

Advances on6. THE Governor may from time to time, by warrant under account. his hand, authorise the Colonial Treasurer to advance and apply, to

the purposes set forth in the 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.

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

to this Act.

ALEX. C. ONSLOW, Administrator.

64° VICTORLE, No. 13.

Loan Act, 1900.

THE SCHEDULE.

I.—HARBOUR AND RIVER IMPROVEMENTS.

Fremantle Harbour Works ... £120,000

Lighthouses	10,000
Stock Jetty and Approaches at Point Sampson, near Cossack,

(X12,000); Albany Harbour Works (S3,000); Car-

narvon Harbour "Works (S1,500) ; Derby Harbour

Works (S6,000) ; Fremantle Sea Wall and Esplanade

(S4,500) ; Ashburton River Water Supply (S3,000) ... 30,000

£160,000

IL—RAILWAYS.

Additions and Improvements to Opened Railways ... ... £70,000

Boulder Railway Duplication Construction (second instalment)	20,000
Boulder-Brown Hill Loop Line	14,000
Donnybrook towards Bridgetown Railway (final instalment)	5,000
Northam towards Goomalling Railway (final instalment)	20,000

Rails and Fastenings	100,000
Rolling Stock	100.,000

Surveys New Lines (including Malcolm to Laverton, and Fremantle via Sandal:a to South-Western Railway, and Boulder to Kalgoorlie via Boulder and Kalgoorlie Race- courses, etc.) ; also Preliminary Inspection of route from Kalgoorlie to Eucla 6,000

£335,000

HI.—DEVELOPMENT OF GOLDFIELDS AND 111/NERAL RESOURCES.

Erection of Public Batteries ... ... £30,000

Development generally, £16,000 ; Murchison and Peak Hill

Goldfields, £4,000 £20,000

£50,000

IV. —DEVELOPMENT OP AGRICULTURE.

Development of Agriculture, including Drainage £15,000

V.—DEPARTMENTAL.

Departmental £30,000

VI.—MISCELLANEOUS.

Discounts on Loans (to be distributed as may be necessary over

items on Loan Schedules) £200,000 £790,000

By Authority : RICHARD PETTIER, Government Printer, Perth.