Loan Act 1920 (Cth)

LOAN.

No. 29 of 1920.

An Act to authorize the Raising and Expending of the sum of Four million two hundred and eighty-six thousand four hundred and ninety pounds for certain purposes.

[Assented to 7th October, 1920.]

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 1920.

Treasurer may borrow £4,286,490.

2. The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1918, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Four million two hundred and eighty-six thousand four hundred and ninety pounds.

Purposes for which moneys 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.

—	Amount required in 1920–21. — First Column.	Already available under Appropriations made by previous Acts. — Second Column.	Appropriated under this Act. — Third Column.
Under Control of Prime Minister’s Department.	£	£	£
London Offices.........................................................................................	64,000	3,388	60,612
Subscription to capital of Refinery Company, in accordance with Oil Agreement Act 1920.................................................................................................	100,000	..	100,000
Williamstown Shipbuilding Yard—Buildings, plant, and machinery......	2,500	..	2,500
Loan to Westralian Farmers Company Limited, for erection of wheat silos and other appliances........................................................................................	20,000	..	20,000
Total under Control of Prime Minister’s Department..............................	186,500	3,388	183,112
Under Control of Department of the Treasury.
Construction of Ships (to be paid to Trust Fund Commonwealth Government Ships Account)	3,000,000	..	3,000,000
Under Control of Home and Territories Department.
Loan to Papua for Public Works...............................................................	20,000	..	20,000
Purchase of Properties and Sites—
Shipbuilding Yard, Maryborough, Queensland	500	..	500
Land, Fairy Meadow, New South Wales........................................	5,150	5,150	..
Land in Federal Capital Territory...................................................	10,800	10,800	..
Kirribilli House, Sydney.................................................................	15,000	..	15,000
Land for Defence purposes generally.............................................	10,000	10,000	..
Land for Naval Defence purposes, Cockburn Sound......................	4,000	4,000	..
Land for Port Stephens Naval Base................................................	23,000	14,074	8,926
Tresco Naval Establishment, Sydney..............................................	1,600	..	1,600
Naval Drill Hall, Launceston..........................................................	2,000	..	2,000
Land for Quarantine purposes.........................................................	25	25	..
Residence for Medical Officer, Thursday Island............................	1,000	..	1,000
Land for Post and Telegraph purposes............................................	3,000	3,000	..
Townsville Wireless Site................................................................	100	100	..
Total under Control of Home and Territories Department.......................	96,175	47,149	49,026
Under Control of Department of Works and Railways.
Williamstown Shipbuilding Yard—Pumping plant	14,787	..	14,787
Federal Capital Territory—Initial Settlement...........................................	90,000	..	90,000
Federal Capital Territory—Preparatory Works........................................	60,000	..	60,000
Railway—Completion of Construction Line— Federal Capital Territory	250	250	..
Acetate of Lime Factory—Works and Buildings.....................................	2,600	..	2,600
Inspection Branch (Arms and Ammunition)— Works and Buildings at Footscray and Maribyrnong................................................................................	9,942	..	9,942
177,579	250	177,329
Carried forward.....................................................................	3,282,675	50,537	3,232,138

 

Schedule—continued.

—	Amount required in 1920–21. — First Column.	Already available under Appropriations made by previous Acts — Second Column	Appropriated under this Act. — Third Column.
£	£	£
Brought forward.............................................................	3,282,675	50,537	3,232,138
Under Control of Department of Works and Railways—continued.
Brought forward............................................................	177,579	250	177,329
Cordite Factory, Maribyrnong—Building and Engineering Works..	18,925	4,801	14,124
Lithgow Housing Scheme—Erection of cottages —towards cost.....	48,791	29,868	18,923
Mobilization Stores—Erection of..................................................	167,964	..	167,964
General Arsenal—Works and Buildings—towards cost..................	27,982	27,982	..
Small Arms Factory—Additional Buildings...................................	1,500	..	1,500
Research Laboratory, Maribyrnong—Works and Buildings............	40,500	..	40,500
Naval Bases—Works and Establishments......................................	187,000	75,953	111,047
Cockatoo Island Dockyard—Naval, Engineering, and other Works.	15,000	15,000	..
Contribution under River Murray Waters Act 1915.........................	132,528	27,458	105,070
Kalgoorlie to Port Augusta Railway..............................................	100,000	5,652	94,348
Northern Territory Railway—Capital Expenditure.........................	2,500	461	2,039
Port Augusta-Oodnadatta Railway................................................	6,000	1,505	4,495
Perth General Post Office—towards cost.......................................	50,000	37,074	12,926
Total under Control of Department of Works and Railways	976,269	226,004	750,265
Under Control of Department of the Navy.
Cockatoo Island Dockyard—Machinery and Plant, Yard, and Floating Plant............................................................................................	55,000	16,482	38,518
Flinders Naval Depôt—Machinery and Plant.................................	14,500	11,543	2,957
Total under Control of Department of the Navy......................	69,500	28,025	41,475
Under Control of Department of Trade and Customs.
New Lighthouses (including upkeep of vessels for construction work) and optical and other apparatus for Lightships.................................	15,000	1,056	13,944
Alterations to Lighthouse Services................................................	25,000	146	24,854
Total under Control of Department of Trade and Customs.......	40,000	1,202	38,798
Redemption of loans raised by the Government of South Australia on account of the Northern Territory...........................................	223,814	..	223,814
Total......................................................................	4,592,258	305,768	4,286,490