Loan Act 1931 (WA)

1931.] Loan. [No. 44.

LOAN.

22 0 GEO. V., No. XLIV.

No. 44 of 1931.

AN ACT to authorise the raising of a sum of Two million four hundred and fifty thousand pounds by Loan for the construction of certain Public Works and for Other Purposes.

[Assented to 24th December, 1931.]

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

way of Loan, of certain sums of money amounting in all to Two million four hundred and fifty thousand pounds for the several purposes hereinafter mentioned: Be it en- acted by the King's Most Excellent Majesty, by and witlfthe advice and consent of the Legislative Council and the Legis- lative Assembly of Western Australia, in this present Par- liament 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, 1931.

2. It shall be lawful for the G Governor from time to time, Loown e

money

to raise by way of loan such several sums of money not ex- Purro.e•

ceeding in the whole the sum of Two million four hundred

and fifty thousand pounds, as may be required for the

several works and purposes mentioned in the Schedule to

this Act

No. 44.] Loan. [1931.

Suns raised, how

to be applied. 3. 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 as to moneys raised under items one to thirteen inclusive of the said schedule shall be applied by the Treasurer to the pur- poses set forth in those respective items, 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, and as to moneys raised under item number fourteen of the said schedule, shall be applied by the Treasurer to the purpose specified in that item, in such amounts and manner as the Governor may by any such war- rant or warrants from time to time authorise and direct.

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.

interest charged 4.

on revenue.	under the authority of this Act shall rank pari passu with
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 author- ised 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.

1931.] Loan. [No. 44.

THE SCHEDULE.

Provision.

Item

No. Work or Purpose. Total of

Amount. Group.

RAILWAYS, TRAMWAYS, ETC.

1	Bridgetown-Jarnadup Extension ...	20,000
2	Meekatharra-Wiluna	50,000

70,000

HARBOURS AND RIVERS.

3	Fremantle Harbour Works	50,000
4	Geraldton Harbour Works	50,000

100,000

WATER SUPPLY AND SEWERAGE.

5 Water Supply for Towns generally ... ...... . ... 20,000

6      Water Supply in Agricultural Districts (including Drainage

andIrrigation) ... ... ... ... ... ... ... 200,000

7	Sewerage and Drainage—Perth and Fremantle	...	...	100,000
S	Goldfields Water Supply	50,000

... ... ... ... •••

•••

370,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

9 Erection of State Batteries 10,000

DEVELOPMENT OF AGRICULTURE.

10	Development of Agriculture	100,000
11	Agricultural Bank—Capital	250,000
12	Assistance to Settlers, Industries, etc.	250,000
13	Pine Planting—Purchase of Land, Forests Regeneration	50,000

650,000

1,200,000

14       Short Term Advances to meet Expenditure pending the receipt

1,250,000 £2,460,000