LOAN.
No. 24 of 1913.
An Act to authorize the raising and expending
of the sum of Two million seven hundred and eighty thousand pounds for certain
purposes.
[Assented to 19th December, 1913.]
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 1913.
Treasurer may borrow £2,780,000.
2.The Treasurer may from
time to time under the provisions of the Commonwealth
Inscribed Stock Act 1911–1912 borrow moneys not exceeding in the whole
the amount of Two million seven hundred and eighty thousand pounds.
Provided that, notwithstanding anything
contained in that Act the sum to be paid out of the Consolidated Revenue Fund
into the Trust Fund, under the head of the Stock Redemption Fund, in respect of
the items numbered five and six in the Schedule to this Act, shall be Five
pounds per centum per annum on the amount of stock sold for the purposes of
those items.
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..........
| 1,400,000 |
2. For the construction of a railway in the Northern Territory
from Pine Creek to the Katherine River and Southwards.......................................................
| 400,000 |
3. For the construction of a railway from Port Moresby to
Astrolabe; and for the construction of wharves, Port Moresby and Samarai,
Papua................
| 60,000 |
4. For the purchase of land for post and telegraph purposes........................
| 170,000 |
5. For the construction of conduits and for laying wires
underground..........
| 425,000 |
6. For machinery,
machine shops, and construction of wharves, Cockatoo Island, New South Wales....................................................................................
| 175,000 |
7. For the erection of London offices........................................................
| 150,000 |
£2,780,000 |