Loan Act 1920 (WA)

No. 35.] Loan. [1920.

LOAN, 1920.

11° GEO. V., No. XXXV.

No. 35 of 1920.

AN ACT to authorise the raising of a sum of Three million eight hundred and seventy thousand pounds by Loan for the construction of certain Public Works and for purposes incidental thereto.

[Assented to 31st December, 1920.]

Preamble.

HEItEAS it is expedient to authorise the raising, by

way of Loan, of certain sums of money amounting

in all to Three million eight hundred and seventy thousand

pounds for the several purposes hereinafter mentioned: Be

it enacted by the King's Most Excellent Majesty, by and with

the advice and consent of the Legislative Council and the

Legislative Assembly of Western Australia, in this present

Parliament assembled, and by the authority of the same, as

follows :—

Short title. 1. This Act may be cited for all purposes as the Loan

Act, 1920.

Power to raise 2.

It shall be lawful for the Governor, from time to time, to raise by way of loan such several sums of money, not exceeding in the whole the sum of Three million eight hundred and seventy thousand pounds, as may be required for the several works and purposes mentioned in the Sche- dule to this Act.

cockney for

certain purposes.

Sums raised, how

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.

to be applied. 3.

1920.] Loan. - [No. 35.

The principal moneys, and interest thereon, raised under the authority of this Act shall rank pari passu with	interest charged
Principal and
on Revenue.
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 men- tioned in the fourth section of the Loan Act, 1891.

4.

5. The Governor may, from time to time, by warrant Advances 011 account.

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 Col-

onial Treasurer out of any moneys coming to his hands under

the authority of this Act.

Loans for the

6. Loans authorised to be raised for the purpose of land purpose of soldiers'

settlement for discharged soldiers, whether such authority	settlement.
is conferred by this or any other Act, may be raised under the provisions of the General Loan and Inscribed Stock Act, 1910, without an issue of either inscribed stock or deben- tures, but all interest payable thereon shall be appropriated annually out or the general revenue of the State.

No. 35.] Loan. [1920.

THE SCHEDULE.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

ADMINISTRATION".

1 Departmental ... • •• • • . •• • 75,000

RAILWAYS.

2 Additions and Improvements to Opened Railways 75,000

3	Busselton-Margaret River	...	10,000
4	Esperance Northwards	20,000

5 Perth-Fremantle, Cottesloe Deviation ... 50,000

6 Water Supply, Now Lines ... 10,000 •

7	Wyaleatchem-Mt. Marshall Extension to Dowerinalorredin	50,000
8	Rails and Fastenings

••• 175,000

9   50,000

10       Tramways, Perth Electric and Extensions (inoluding Rails

and Fastenings and Rolling Stock) ... 100,000

11 Electric Power Station, East Perth 80,000

620,000

HARBOURS AND RIVERS.

12       Additions and Improvements to Jetties, Tramways, and

Rolling Stock in the North-West 10,000

13 Ashburton Jetty 50,000

14	Bunbury Harbour Works	...	10,000
15	Busselton Jetty Extension	...	30,000
16	Fremantle Harbour Works	...	40,000
17	Geraldton Harbour Works	...	20,000

18 Improvements to Harbours and Rivers 20,000

180,000

WATER SUPPLY.

19 Goldfields Water Supply ... 100,000

20	Metropolitan Water Supply ...	55,000
21	Water Supply for Towns generally	80,000
22	Water Supply in Agricultural Districts (including Drainage
25,000

260,000

DEVELOPMENT OF Gomprians AND MINERAL RESOURCES.

23       Development of Alining (including Boring for Coal and

Miscellaneous) 40,000

24       Erection of State Batteries, and Provision of Treatment

Plants 10,000

50,000

DEVELOPMENT OF AGRICULTURE.

25

Abattoirs, Cold Storage : Freezing, Chilling, and Canning

Works, Wyndham ; Refrigerating Works, Export

Depot, Grain Sheds, and Sale Yards (including Land

130,000

26 Land Settlement for Soldiers ; Advances, Improvements,

1920.] Loan. [No. 35.

THE SCIIEDIJLE—cont 'ed.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

£ £

Brought forward ... ... 3,515,000

PUBLIC BUILDINGS AND ROADS AND BRIDGES.

29 Public Buildings ... ... ... ... ... ... 50,000

30       New Roads and Bridges, in Country and Goldfields Dis-

tricts, including feeders to Railways ... ... ... 40,000

31 Purchase of House for residence of Agent General, London 3,600 93,600

OTHER STATE UNDERTAKINGS.

32 Agricultural Implement Works, Foundry, Motor, and

General Workshops ... ... ... ... ... 50,000 5,000

34 State Brickyards ... ... ... ... ... ... 1,000 10,000 20,000

37 State Hotels and Tourist Resorts ... ... ... 5,000

38	State Steamships	...	...	...	...	...	10,000
39	State Sawmills ...	...	...	...	...	...	50,000

40 Wyndham Freezing Works, Working Capital ... 100,000

251,000

DISCOUNTS, ETC.