Loan Act 1922 (WA)

1923.] Loan. [No. 13.

LOAN.

13° GEO. V., No. XXXVI.

No. 13 of 1923.

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

[Assented to 22nd February, 1923.]

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

way of Loan, of certain sums of money amounting in all to Three million eight hundred and fifty 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 pre- sent Parliament assembled, and by the authority of the same, as follows :—

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

Act, 1922.

Power to mine

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

2.

3. All sums by this Act authorised to be raised shall be Sums raised, how to be applied.

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

No. 13.] Loan. [1923.

time to time authorise and direct, in conformity with the annual Estimates of the expenditure of Loan moneys sanctioned by Parliament.

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 pan passes with
Advances on

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 Schedule to 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 Treas- urer out of any moneys coining to his hands under the auth- ority of this Act.

account. 5.

1923.1	Loan.	[No. 13.
THE SCHEDULE.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

ADMINISTRATION.

1 Departmental 100,000

RAILWAYS.

2	Additions and Improvements to Opened Railways	75,000
3	Nyabing-Pingrup	25,000
4	Esperanec Northwards	100,000
5	13usselton-Margaret River Area	65,000

6	anal up-Den mark	...	50,000
Dwarda Eastwards	50,000

8 Flinders Bay-Margaret River Improvements 50,000

9 Surveys Now Lines ... 10,000

10 Rolling Stock ... 50,000

11 Rails and Fastenings ... 50,000

12	Electric Power Station, East Perth	50,000
13	Tramways-Perth Electric (including Rails and Fastenings

and Rolling Stock) 1 00,000

675,000

HARBOURS AND RIVERS.

14	Fremantle Harbour Works	...	50,000
15	Tiunbury Harbour -Works	100,000

150,000

"WATER SUPPLY.

16	Murchison-Peak Hill Goldfields	10,000
17	Water Supply for Towns generally ...	20,000
18	Water Supply in Agricultural Districts (including Drainage
20,000

19 Metropolitan Water Supply ... .. 50,000

100,000

DEVELORMENT OF GOLDFIELDS AND MINERAL RESOURCES.

20      Development of Mining (including Boring for Coal and

Miscellaneous) 20,000

20,000

DEVELOPMENT OF AGRICULTURE.

21	Agricultural Group Settlement	800,000
22	Agricultural Bank	300,000
23	Assistance to Settlers, Industries, etc.	400,000

24 Development of Agriculture ... 90,000

25       Land Settlement for Soldiers : Advances, Improvements, and

Purchase of Estates, etc. ... 1,000,000

2,590,000

PUBLIC BUILDINGS AND ROADS AND BRIDGES, ETC.

26 Public Buildings 100,000

27	Urgent Minor Works throughout North-West	...	10,000
28	Stock Suspense Account	10,000

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

tricts, including feeders to Railways 25,000

30 Loans and Grants to Local Authorities for Erection of Country Hospitals or discharging Existing Liabilities thereon, and to Trustees of Agricultural Halls, also to Institutions for erection of Homes, etc. 5,000

150,000

OTRER STATE IINDERTARINGS.

31 St-ate Steamships 10,000

10,000

DISCOUNTS, ETC.

32 Discounts and Flotation Expenses 55,000

GRAND TOTAL 3,850,000