Loan Act 1926 (WA)

1926.] Loan. [No. 53.

LOAN.

17° GEo. V., No. LIII.

No. 53 of 1926.

AN ACT to authorise the raising of a sum of Four million three hundred and seventy thousand pounds by Loan for the construction of certain Public Works and Other Services and the Re-appropriation of certain Loan moneys.

[Assented to 24th December, 1926.]

in all to Four million three hundred and seventy thousand way of Loan, of certain sums of money amounting 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 Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows :— wHEREAS it is expedient to authorise the raising, by preamble.

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

Act, 1926.

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

time, to raise by way of loan such several sums of money, =m e	i" certain
not exceeding in the whole the sum of Four million three hundred and seventy thousand 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 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 Treasurer to the	Suns raised, how
to be applied.

3.

No. 53.] Luau. t926.

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 interest charged on4. The principal moneys, and interest thereon, raised

Revenue. under the authority of this Act shall rank pari passe with 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.

Advances on

account. 5.

The Governor may, from time to time, by warrant under his hand, authorise the 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 Treasurer out of any moneys coming to his hands under the authority of this Act.

Re-appropriation

Rom and to. 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 eighty-two thousand four hundred and thirty pounds nine shillings and tenpence to be expended on the works named in the Third Schedule hereto.

1926.] Loot. [No. 53.

FIRST SCHEDULE.

Provis'on.

Item

Work or Service. Total of

NO	A
Amount. Group.

ADMINISTRATION. £

1 Departmental ... ... ... ... ... ... 150,000

RAILWAYS, TRAMWAYS, ETC.

2 Additions and Improvements to Opened Railways 200,000 125,000

4 Boyup Brook-Cranbrook ... ... ... ... 10,000

5	Dwarda Eastwards	...	...	23,000
6	Ejanding Northwards	...	10,000

7 Jarnadup-Pemberton ... 40,000

8	Eakalling-Bullfinch	...	...	10,000
9	Lake Grace-Karlgarin	10,000

10	Manjimup-Mount Barker	...	10,000
11	Norseman-Salmon Gums	...	125,000

12 Rails and Fastenings ... ... 50,000

13 Rolling Stock ... ... ... 120,000

—

14 Electric Power Station, East Perth 100,000

15 Tramways—Perth Electric ... ... 100,000

933,000

HARBO URS AND RIVERS.

16	Dredges and Barges ...	...	...	...	5,000
17	Esperance Harbour Works ...	...	1.0,000
18	Fremantle Harbour Works ...	...	...	50,000

19 Geraldton Harbour Works ... ... ... 50,000

20 Improvements to Harbours and Rivers ... 40,000

155,000

WATER SUPPLY.

21	Goldfields Water Supply	...	...	...	50,000
22	Metropolitan Water Supply

23 Sewerage—Perth and Fremantle ... ... ... ... ... 100,000

24       Water Supply in Agricultural and North-West Districts

(including Drainage and Irrigation) ... ... ... ... 65,000

415,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

25       Development of Mining (including Boring for Coal and Mis-

cellaneous and Prospecting) ... ... ... ... ... 50,000

DEVELOPMENT OF AGRIC OnTUBE.

26	Agricultural Group Settlement	...	...	...	...	...	1,500,000
27	Agricultural Bank, Working Capital	...	200,000

28	College of Agriculture	...	...	...	16,000
29	Development of Agriculture	...	...	25,000

30 Purchase of Wire Netting for Settlers ... 150,000

1,891,000

Carried forward 3,594,000

No. 53.1 Loan. [1926.

FIRST SCHEDULE—continued.

Provision.

Item Work or Service.

No. Total of

Amount. Group.

Brought forward 3,594,000

P IIBLIC BUILDINGS AND ROADS AND BRIDGES, ETC.

31  50,000

32      New Roads and Bridges, in Country and Goldfields

Districts, including Feeders to Railways ... 300,000

33 Reconstruction of Canning Road ... ..• 50,000

34

Loans and Grants to Local Authorities for Erection of Country

Hospitals or discharging Existing Liabilities thereon, and to

Trustees of Agricultural Halls and Mechanics' Insti-

tutes, also to Institutions for erection of Homes, etc. ... 10,000

35 Purchase of Avon Valley Native Station 7,000

417,000

0 TREE STATE UNDERTAKINGS.

36       Agricultural Implement Works, Foundry, Meter, and General

Workshops 20,000

3'7 10,000

38	State Steamships	...	110,000
39	Sawmills	50,000

190,000

DISCO PETS, ETC.

40 Discounts and Flotation Expenses 169,000

GRAND TOTAL ... 4,370,000

SECOND SCHEDULE.

RE-APPROPRIATIONS FROM, REFERRED TO LN SECTION 6.

Original Amount Re-

Amount on

Appropriation Work or Service to which originally appropriated

No. Original Loan

or Loan Appropriated. Schedule. under this

Act. Aet.

RAILWAYS. £ s. d. s. d.

1	29 of 1924	Esperance Northwards	...	...	10,000	0	0	8,867 17	1
2	33 of 1925	Lake Grace-Newdegate	...	...	21,000	0	0	3,871 16	S

3 13 of 1923 25,000 0 0 132 8 6

4 33 of 1925 Piawaning-Northward ... ... ... ... 16,000 0 0 7,806 8 7

5 14 of 1922 Wyakatchem - Mt. Marshall—Extension to

Dowerin-Merredin ... ... ... ... 25,000 0 0 97 16 11

DEVELOPMENT or AGRIC OLT URE.

6 33 of 1925 Assistance to Settlers, Industries, etc. ... 150,000 0 0 150,000 0 0

f 18 of 19,011

7 Loans for Purchase of Wire Netting ... 25,750 0 0 11,654 2 1

116 of 1909f

Total £272,750 0 0 5182,430 9 10

1926.]	Loan.	[No. 5$.
THIRD SCHEDULE.

RE-APPROPRIATION TO, REFERRED TO IN SECTION 6.

Amount Re-

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

RAILWAYS, TRAMWAYS, ETC. £ s. d.

1 Surveys new Lines ... 10,776 7 9

2 Water Supply—New Lines ... 10,000 0 0

DEVELOPMENT OF AGRICULTURE.

3       Laud Settlement for Soldiers—Advances, Improvements, and Purchase

150,000 0 0

4 Purchase of Wire Netting for Settlers 11,664 2 1

£182,430 9 10