LOAN.
No. 24 of 1911.
An Act to authorize the raising and
expending of the sum of Two million four hundred and sixty thousand four
hundred and seventy-six pounds for construction of a Railway from Kalgoorlie to
Port Augusta, for the acquisition of land in the Federal Capital Territory, for
the purchase of land and erection of buildings in London, for the redemption of
loans raised by the Government of South Australia in connexion with the
Northern Territory which are redeemable by the Commonwealth and to pay to the
State of South Australia amount expended from Revenue towards construction of
Railway from Port Augusta to Oodnadatta.
[Assented
to 22nd December, 1911.]
BE it
enacted by the King’s Most Excellent Majesty, the Senate, and the House of
Representatives of the Commonwealth of Australia, as follows :—
Short
title.
1 This Act may be cited as the Loan Act 1911.
Treasurer
may borrow £2,460,476.
2.The Treasurer may from time to time under the
provisions of the Commonwealth Inscribed
Stock Act 1911 borrow moneys not exceeding in the whole the amount of Two
million four hundred and sixty thousand four hundred and seventy-six pounds.
Purposes
for which money may be expended.
3.The amount borrowed shall be issued and applied only
for the expenses of borrowing and for the purposes set forth in the Schedule to
this Act.
SCHEDULE.
——
No.1
For the construction of a Railway from Kalgoorlie to Port Augusta...................... | £1,000,000 |
2. For the acquisition
of land in the Federal Capital Territory..................................
| 600,000 |
3. For the purchase of
land and erection of buildings in London..............................
| 600,000 |
4. To redeem Treasury
Bills issued by the Government of South Australia on account of the Northern
Territory........................................................................................
| 226,000 |
5. To pay to the State
of South Australia amount expended from Revenue towards construction of
Railway from Port Augusta to Oodnadatta..................................................
| 34,476 |
£2,460,476 |