Loan Act 1916 (WA)

WESTERN AUSTRALIA.

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ANNO SEPTIMO

GEORGII QUINTI REGIS,

XVI.

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No. 16 of 1916.

AN ACT to authorise the raising of a sum of One million five hundred and thirty-seven thousand pounds by Loan for the construction of certain Public Works and for other pur- poses, and the Re-appropriation of certain Loan moneys.

[Assented to 16th December, 1916.]

HEREAS it is expedient to authorise the raising, by way of Preamble.

WLoan, of certain sums of money amounting in all to One

million five hundred and thirty-seven thousand pounds for the several purposes hereinafter mentioned, and also to re-appropriate certain Loan moneys : 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.

1916.

2.      It shall be lawful for the Governor, from time to time, to Power to raise

money

raise by way of loan such several sums of money, not exceeding in men for certain purposes.

the whole the sum of One million five hundred and thirty-seven thousand pounds, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

1916, No. 16.] Loan. [7 GEO. V.

Sums raised, how to

be applied. 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 con- formity with the annual Estimates of the expenditure of Loan moneys sanctioned by Parliament.

Principal and in- 4.

The principal moneys. and interest thereon, raised under the 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 Con- solidated Revenue Fund and Assets of the Government of West- ern Australia, and shall constitute a charge thereon, subject to the prior charges mentioned in the fourth section of the Loan Act, 1891.

terest charged on

Revenue. authority of this Act shall rank pa•i passu with the principal

Advances on 5.

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 First 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.

Re-approprh	on 6. It shall further be lawful for the Governor to appropriate out of the sums set forth in the Second Schedule hereto, from the items therein set forth, and to the items enumerated in the Third Schedule hereto, the sum of Forty thousand seven hundred and thirty-five pounds nineteen shillings and two pence to be expended on the works named in the Third Schedule hereto.
from and to.

Confirmation of	7. An Agreement dated the twentieth day of October, One
agreement of 20th

October, 1916, with	thousand nine hundred and sixteen and made between the Com-
Commonwealth	monwealth Bank of Australia of the one part and the Colonial
Bank,	'treasurer of the other part, relating to advances by the said Bank of a sum not exceeding Two hundred and fifty thousand pounds, on the Western Australian Wheat Marketing Committee's Special Advance Account, is hereby ratified and confirmed, and the Parlia- mentary sanction referred to in paragraph 5 thereof is hereby conferred.

7 GEO. V.1 Loan. [1916, No. 16.

FIRST SCHEDULE.

Provision.

Item	Work or Service.
No.

Amount. Total of Group.

ADMINISTRATION.

1 Departmental 75,000

RAILWAYS AND TRAMWAYS.

2 Additions and Improvements Opened Railways, including Bridge over

Melbourne Road Crossing .. .. .. .. .. .. .. 50,000

3 BolgartExtension .. .. .. .. .. .. .. .. 7,000

4 Busselton-Margaret River Area .. .. .. .. .. .. 15,000

5 KondinimilIerredin .. .. .. .. .. .. .. 45,000

6 Itukerin-bake Grace .. .. .. .. .. 2,000

7 Margaret River-Flinders Bay, Purchase of Line and Rolling Stock .. .. 32,000

Nyabing-Pingrup .. .. .. .. .. .. .. .. 3,000

9 Wagin-Bowelling .. .. .. .. .. .. .. .. 27,000

181,000

HARBOURS AND RIVERS.

10	Bunbury Harbour Works ..	80,000
11	Busselton Jetty Extension	10,000
12	Fremantle Harbour -Works	50,000
13	Goraldton Harbour Improvements	30,000

170,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

14 Advances on Ores, Generally .. 5,000

5,000

DEVELOPMENT OF AGRICULTURE.

15 Abattoirs, Cold Storage ; Freezing, Chilling, and Canning Works, Wyndham ; Refrigerating Works, Export Depot, Grain Sheds, and Sale Yards (including Land Resumption) 300,000

16 Assistance to Settlers, industries, etc. .. 650,000

950,000

OTHER STATE UNDERTAKINGS.

17 Agricultural Implement Works—Foundry, Meter, and General Workshops .. 47,556

18 State Fish Supply .. .. .. 631

19 Steamships . • . .. .. .. 11,065

20 State Ferries 968

21 State Quarries .. 684

22 Brickyards 2,000

23 State Saw Mills .. .. .. 28,976

24 Shipment of Cattle front North-West 10,000

25 Meat Distribution .. .. .. 2,600

104,480

DISCOUNTS, ETC.

26 Discounts and Flotation Expenses .. 51,520

GRAND ToTAL £1,537,000

1916, No. 16.] Loan. [7 GEO. V.

SECOND SCHEDULE.

Re-appropriations from, referred to in Section 6.

Amount on Amount Re-a p-

No. Original Appropriation or

Loan Act. Work or Service to which originally appropriated. original Loan propriated under

Schedule, this Act.

•

£ s. d. £ s. d.

DEVELOPMENT OF AGRICULTURE.

4 .. Norseman-Esporance Road(including equipment with 10,000 0 0 1 6,202 11 6

5 VT., No. g'3 Motor Tractors) . .. .. .. .. 6,000 0 0 f

{

DEVELOPMENT OF GOLDFIELDS.

2 6 Geo. V., No. 25 .. State Smelter, Ravenethorpe—Advances, etc. .. 80,000 0 0 1,033 7 8

SmcomEs.

3 { 5 Geo. V., No. 58 .. State Hotels .. .. .. .. .. 10,000 0 0 9,000 0 0

5 Geo. V., No. 58 .. Workers' Homes .. .. .. .. .. 50,000 0 0 24,500 0 0

TOTAL .. .. 40,735 19 2

THIRD SCHEDULE.

Re-appropriations to, referred to in Section 6.

Amount Re-ap-

No. Work or Service to which now appropriated. propriated under

this Act.

s. d.

DEVELOPMENT OP GOLDFIELDS.

1 Advances on Ores, generally 1,033 7 S

PUBLIC BUILDINGS, ETC.

2	Public Buildings	33,500 0 0
3	New Roads and Bridges in Country and Goldfields Districts (including Feeders to Railways)	6,202 11 6

£40,735 19 2

By Authority: FRED. WM. Stun()1g, Government Printer, Perth.