Loan Act 1921 (WA)

1924 . Loam. No. 14.

LOAN.

12° GEO. V., No. XLVII1.

No. 14 of 1922.

AN ACT to authorise the raising of a sum of Two million pounds by Loan for the construction of certain Public Works and for purposes incidental thereto, and the Reappropriation of certain Loan moneys.

[Assented to 31st January, 1922.]

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

Win all to Two million pounds for the several purposes herein-way of Loan, of certain sums of money amounting

after mentioned: Be it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legisla- tive Council and the Legislative Assembly of Western Aus- tralia, in this present Parliament assembled, and by the auth- ority of the same, as follows:-

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

Act, 1921.

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

to raise by way of loan such several sums of money, not ex- certain ptrtrposes.

seeding in the whole the sum of Two million pounds, as may

be required for the several works and purposes mentioned in

the First Schedule to this Act.

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.

Sums raised, how

to be applied.

3.

No. 14.] Loan. [1922.

Principal and 4.

The principal moneys, and interest thereon, raised 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.

interest charged

on Revenue. under the authority of this Act shall rank part passu with

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 Col- onial Treasurer out of any moneys coining to his hands under the authority of this Act.

account..

Iteappropriation 6.

It shall be lawful for the Governor to appropriate out of the sum 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 Twenty-one thousand eight hundred and thirteen pounds fifteen shillings to be ex- pended on the works named in the Third Schedule hereto.

from and to.

1922.] Loan. [No. 14.

FIRST SCHEDULE.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

ADMINISTRATION. £

1 Departmental 150,000

RAILWAYS.

2	Additions and Improvements to Opened Railways	...	50,000
3	Wyalcatchem-Mt. Marshall, Extension to Dowerin-Merredin	25,000

4 Waroona-Lake Clifton, Purchase ... 70,000

5 Rolling Stock ... 50,000

6 Electric Power Station, East Perth... 100,000

295,000

HARBOURS AND RIVERS.

7	Fremantle Harbour Works	...	50,000
8	Albany Harbour Works	...	50,000

100,000

WATER SUPPLY.

9	Water Supply for Towns generally	25,000
10	Water Supply in Agricultural Districts (including Drainage
60,000

75,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

11       Development of Mining (including Boring for Coal and

Miscellaneous) ... ... ... ... ... ... 50,000

12       Erection of State Batteries, and Provision of Treatment

... ... ... ... 10,000

Plants...

60,000

DEVELOPMENT OP AGRICULTURE.

13 Agricultural Bank ... 600,000

... 70,000

14       Assistance to Settlers, Industries, etc.

15 Development of Agriculture ... 70,000

16 Land Resumption ... 250,000

990,000

PUBLIC BUILDINGS AND ROADS AND BRIDGES, ETC.

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

tricts, including feeders to Railways ... 20,000

18       Loans and Grants to Local Authorities for Erection of

No. 14.] Loan. [1922.

SECOND SCHEDULE.

Re-appropriations from, referred to in Section 6.

Amount Re-

Original Appro- Amount on

Work or service to which appropriated

No. priation or original Loan

originally appropriated. under this

Loan Act. Schedule. Act.

£ £ s. d.

1 No. 31 of 1915 Brookton-Kunjin Railway ... 4,500 895 7 3

2	No. 16 of 1916	Kukerin-Lake Grace Railway ...	2,000	940 15 10
3	No. 16 of 1916	Margaret River-Minder's Bay	32,000	42 0 0

Railway

4 No. 10 of 1919 Wagin-Bowelling Railway ... 16,000 1,417 1 8

5 No. 50 of 1912 Purchase of Harvey Estate ... 25,000 338 2 2

6 No. 35 of 1920 Fisheries ... ... ... 20,000 18,175 19 9

7 No. 30 of 1913 Milk Supply ... ... ... 500 4 8 4

Total ••• ••• 100,000 21,813 15 0

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.

1 Additions and Improvements to Opened Railways 3,295 4 9

2 Development of Agriculture ... 338 2 2