Loan Act 1923 (WA)

1923.] Loan. [No. 47.

LOAN.

14° GEO. V., No. XXVI.

No. 47 of 1923.

AN ACT to authorise the raising of a sum of Three million seven hundred and sixty-three thousand pounds by Loan for the construction of certain Public Works, the Re-appropriation of certain Loan moneys, and the issue of certain Treasury Bills, and for purposes inci- dental thereto.

[Assented to 22nd December, 1923.]

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

Wway of Loan, of certain sums of money amounting

in all to Three million seven hundred and sixty-three

thousand pounds for the several purposes hereinafter mentioned, and the Re-appropriation of certain Loan moneys : Be it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Council and the 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 Short tub.

Act, 1923.

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

time, to raise by way of loan such several sums of money, mines for

not exceeding in the whole the sum of Three million

seven hundred and sixty-three thousand pounds, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

3.    All sums by this Act authorised to be raised shall be S Lc rLtspeld.how

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

No. 47.] Loan. [1923.

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.

Principal and

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 mentioned in the fourth section of the Loan Act, 1891.

interest charged 4.

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

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 Treasurer out of any moneys coming to his hands under the authority of this Act.

Advances on 5.

account.

Re-appropriation 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 enumer- ated in the Third Schedule hereto, the sum of One hundred and thirty-three thousand one hundred and ninety-six

from and to.

pounds nine shillings and two-pence to be expended on

the works named in the Third Schedule hereto.

Power to issue

The Colonial Treasurer is hereby authorised to issue Bank Treasury Bills for arrears of interest accrued upon an outstanding debt of Three Million One Hundred Thousand Pounds, with a currency of not more than ten years, and to be issued in accordance with the Treasury Bills Act, 1893, but not subject to any Loan Act. The amount payable under such Treasury Bills shall, at maturity, become a charge on the Consolidated Revenue Fund, which is hereby appropriated accordingly.

Treasury Bills in 7.

respect of interest

payable under a	to the Commonwealth Government or the Commonwealth
certain debt to the
Commonwealth.

1923.]	Loan.	[No. 47.
FIRST SCHEDULE.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

ADMINISTRATION. £ £

1 Departmental ... ... ... ... 50,000

0 Rstmwevs.

Additions and Improvements to Opened Railways 150,000

3	Narembeen-Merredin	...	...	...	70,000
4	Piawaning Northward ...	...	...	60,000

5 Water Supply, New Lines ... ... 30,000

6 Rails and Fastenings ... ... ... 100,000

Electric Power Station, East Perth ... ... ... ... 50,000

S Tramways-Perth Electric (including Rails and Fastenings

and Rolling Stock) ... ... ... ... ... ... 50,000

510,000

II:moons AND RrvERS.

9	Fremantle Harbour Works	30,000
10	Geraldton Harbour Works	30,000
11	Ashburton Jetty	70,000

130,000

WATER SUPPLY.

12	Sewerage-Perth and Fremantle	...	50,000
13	Water Supply for Towns generally ...	20,000

14       Water Supply in Agricultural Districts (including Drainage

and Irrigation) 30,000

15 Metropolitan Water Supply ... 700,000

800,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL

RESOURCES.

16      Development of Mining (including Boring for Coal and

Miscellaneous) 100,000

100,000

DEVELOPMENT OF AGRICULTURE.

17 Agricultural Group Settlement 800,000

18 Pine Planting 5,000

19 Assistance to Settlers. Industries, etc. 450,000

20 Development of Agriculture ... 50,000

21       Land Settlement for Soldiers : Advances, Improvements,

and Purchase of Estates, etc. ... 500,000

22 College of Agriculture ... 30,000

1,835,000

PUBLIC BUILDINGS AND ROADS AND BRIDGES, ETC.

23	Public Buildings	50,000
24	Stock Suspense Account	30,000
25	New Roads and Bridges, in Country and Goldfields Dis-

tricts, including feeders to Railways ... 100,000

26 [ 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 Honies, etc. 10,000

27	, Purchase of Tailings Suspense Account	...	20,000
28	Country Roads-Stone ar Roelands	5,000
29	Perth Causeway-Reinstatement	18,000

233,000

OTHER STATE UNDERTAKINGS.

State Hotels ... 5,000

5.000

DISCOUNTS, ETC.

31 Discounts and Flotation Expenses ... 100,000

GRAND TOTAL 3,763,000

No. 47.] Loan. [1923.

SECOND SCHEDULE.

Re-appropriations from, referred to in Section 6.

Amount Re-

Original Amount on

No. Appropriation Work or Service to which originally original Loan appropriated

or Loan Appropriated. Schedule. under this

Act. Act.

RAILWAYS. s. £ s. d.

1 47 of 1919 Bolgart Extension 3,500 0 0 422 11 0

2 13 „ 1923 Jarnadup-Denmark 50,000 0 0 50,000 0 0

3 14 „ 1913 Kondinin-Merredin Extension ... 5,000 0 0 1,719 10 1

4	14 „ 1922	Waroona-Lake Clifton Railway Purchase ...	70,000	0	0	8,087 16	5
5	58 „ 19151

35 „ 1920f Perth-Fremantle-CottnAoe Deviation ... 80,000 0 0 72,743 19 6

HARBOUR AND RIVER IMPROVEMENTS.

6 31 „ 1915 Port Hedland Harbour Works ... 500 1 3 222 12 2

Total 209,000 1 3 133,196 9 2

THIRD SCHEDULE.

Re-appropriations to, referred to in Section 6.

Amount Re-

No. Work or Service to which sum Appropriated. appropriated under this Act.

RAILWAYS. s. d.

1 Additions and Improvements to opened Railways 8,510 7 5

2	Albany-Denmark Railway Extension	...	25,000	0	0
3	Bridgetown-Jarnadup Railway Extension ...	25,000	0	0
4	Narembeenalerredin	1,719 10	1

5 Perth.Premantle Deviation ... 72,743 19 6

HARBOURS AND RIVERS.

6        Additions and Improvements to Jetties, Tramways, and Rolling Stock

in the North-West 222 12 2

9 2