Loan Act 1901 (WA)

&e.

Kleztern attotratta.

ANNO PRIMO

EDWARDI REGIS.

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No. II.

AN ACT to authorise the raising of a sum of Two million six hundred thousand Pounds by Loan for the construction of certain Public Works, and other purposes.

[Assented to, 2nd August, 1goi.]

HEREAS it is expedient to authorise the raising, by way of million six hunched thousand pounds for the several purposesw	Preamble.
Loan, of certain sums of money amounting in all to Two hereinafter mentioned: Be it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and 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, Short title.

1901.

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 to raise

money for certain

purposes.

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

2.

1° EDWARDI VII., No. 2.

Loan Act, 1901.

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

3.

Snms raised, how to

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 passzt 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.

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 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.

6.

A dvances on

account.

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

to this Act.

ARTHUR LAWLEY, Governor.

1° EDWARDI VII., No. 2.

Loan Act, 1901.

THE SCHEDULE.

Item. Total.

RAILWAYS AND TRAMWAYS.

1.     Boulder-Brown Hill Loop Line (second and final in-

stalment), Construction ... ... ...... 17,000

2.     Menzies-Leonora Railway (second and final instal-

ment), Construction ... ... ... ... ... 83,700

3.     Gcraldton to Murchison Goldfields Railway (Cue-

Nanniue), Construction ... ... ... 60,400

4. Additions and Improvements to Opened Railways 159,000

5. Rails and Fastenings ... ... ... 265,000

6. Rolling Stock ... ... ... ... 742,000

7. Railway Workshops (Midland Junction) 159,000

8. Surveys—New Lines ... ... ... 10,600

1,496,700

HARBOUR AND RIVER IMPROVEMENTS.

9.	Fremantle Harbour Works, including Wharf Sheds ...	243,000
10.	Fremantle Dock and Slip	10,600

11.	Carnarvon Harbour Works	...	4,200
12.	Albany Harbour Works	26,500

13.	Improvements to Harbours and Rivers	10,600
14.	Lighthouses	21,200

316,100

COOLGARDIE WATER SUPPLY.

15.     Coolgardie Water Supply (refund of previous re-

appropriation) 488,700

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

16. Eastern Goldfields 21,200

17.	Murchison and Peak Hill Goldfields	...	12,700
18.	Pilbarra Goldfields	6,400
19.	Development of Mining	15,900

20. Erection of Public Batteries ... 21,200

77,400

DEVELOPMENT OF AGRICULTURE.

21. Development of Agriculture, including Drainage 21,200

IMMIGRATION.

22. Immigration 3,200

• • •

DEPARTMENTAL.

•••	95,400
MISCELLANEOUS.

23.     Departmental

24.

Discounts on Current Loans (to be distributed as may

be necessary over items in Loan Schedules), in

order to produce, in cash, the amounts therein

allocated ... 101,300

Grand Total 2,600,000

By Authority : Wm. ALIRE WA'rsoN, Government Printer,Perth.