Loan Act 1937 (WA)

LOAN.

1° A.ND 2° Glad. VT., No. L.

No. 50 of 1937.

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

[Assented to 18th January, 1938.]

HEREAS it is expedient to authorise the raising, by way of Loan, of certain sums of money amounting in all to One million two hundred and twenty-seven thousand pounds for the several purposes hereinafter mentioned, and the Re-appropriation of cer- tain 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 assem- bled. and by the authority of the same, as follows:- Preamble.

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

Act. 1937.

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

time, to raise by way of loan such several sums of money, rfaoirs ee Atte 1

not exceeding in the whole the sum of One million two purposes.

No. 50.] Loan. [1937.

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

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

how to be

applied. 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 twenty inclusive, of the said schedule shall be applied by the Treasurer to the purposes set forth in those respec- tive 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 esti- mates of the expenditure of loan moneys sanctioned by Parliament, and as to Moneys raised under item number twenty-one 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 warrant or warrants from time to time authorise and direct.

Principal and	4. The principal moneys, and interest thereon, raised
interest

charged on under the authority of this Act shall rank pan passu

Revenue.

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 Rev- enue 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 First 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-appropria - 6.

It shall be lawful for the Governor to appropriate out of the sums set forth in the Second Schedule hereto, from the items therein set forth, and to the items en- numerated in the Third Schedule hereto, the sum of Four hundred and twenty-eight thousand one hundred and thirty-five pounds sixteen shillings and eightpence to be expended on the works named in the Third .Sche- dule hereto.

tion from and

lw.

1937.] Loan. [No. 50.

FIRST SCHEDULE.

Provision.

Rem

No. Work or Service.

Total of

Amount. Group.

RAILWAYS, ETC. £ £

1 Rolling Stock (excluding Tramways) ... ... ... ... 45,000

2       Tramways, Perth Electric (including Rails and Fastenings

and Rolling Stock) ... ... ... ... ... ... 25,000

3 Electric Power Station, East Perth, and Electricity Supply 35,000

105,000

HARE017RS AND RIVERS.

4 Improvements to Harbours and Rivers ... ... 30,000

5 Roebourne District, Jetty and Harbour Facilities ... 30,000

60,000

WATER SUPPLY AND SEWERAGE.

6 Eastern Goldfields ... ... ... ... 5,000

7 Goldfields Water Supply ... ... ... ... 120,000

S Metropolitan Water Supply ... ... ... ... ... 140,000

9 Murchison and Peak Hill Goldfields ... ... ... ... 7,000

10 Sewerage and Drainage for Perth and Fremantle ... ... 30,000

11 Water Supply for Towns generally ... ... ... ... 15,000

12

Water Supply in Agricultural and North-West Districts, in-

cluding Drainage and Irrigation, and Loans and Grants to

Local Authorities ... ... ... ... ... ... 175,000

492,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

13 Erection of State Batteries and Provision of Treatment Plants 10,000

DEVELOPMENT OF AGRICULTURE.

14 Pine Planting, Purchase of Land, and Forest Regeneration ... 20,000

ROADS AND BRIDGES, PUBLIC BUILDINGS, ETC.

15       Roads and Bridges throughout the State, including Feeders

to Railways and Grants to Local Authorities ... ... ' 0,000

16       Public Buildings, including Furniture and Equipment, New

Buildings . .

200,000

SUNDRIES.

17 Workers' Homes Board—Working Capital ... ... ... 15,000

18 Workers' Homes Board—Additional Working Capital ... 10,000

19 State Steamships ... ... ... ... ... ... ... 5,000

20 Bulk Handling of Wheat—Provision of Facilities at Bunbury 60,000

90,000 977,000

21       Short-term Advances to meet Expenditure, pending the

receiptof Revenue ... ... ... ... ... ... 250,000

£1,227,000

No. 50.] Loan. [1937.

SECOND SCHEDULE.

RE•APPROPRIATION PROM, REFERRED TO IN SECTION 6.

Original Amount on Amount Re-

Appropriation Work or Service to which originally appropriated

No. Original Loan

or Loan Appropriated. Schedule. under this

Act. Act.

RAILWAYS.

£ s. d. £ s. d

1 53 of 1926 Boyup Brook-Cranbrook ... ... 10,000 0 0

48 of 1930 ... ... ... ... ... 20,000 0 0

30,000 0 0 30,000 0 I

DEVELOPMENT OF AGRICULTURE.

2 25 of 1934 Agricultural Group Settlement and

Migration ... ... ... ... 35,000 0 0

30 of 1935 ...

50,000 0 0 44,874 7 1;

3	40 of 1933	Agricultural Bank Working Capital	305,000 0 0
30 of 1935	...
355,000 0 0 100,000 0
4	24 of 1936	Assistance to Settlers, Industries, etc.	200,000 0 0 200,000 0

5	29 of 1927	College of Agriculture	...	...	20,000	0	0	3,223	0	C.
6	48 of 1930	Land Settlement for Soldiers	...	50,000	0	0	30,000	0

ROADS AND BRIDGES.

7 47 of 1923 Perth Causeway Reinstatement ... 18,000 0 0 10,038 8 4

SUNDRIES.

8 47 of 1923 Purchase of Tailings Suspense Account 20,000 0 0 10,000 0 (

£428,135 16 £

1937.]	Loan.	[No. 50.
THIRD SCHEDULE.

RE-APPROPRIATION TO, REFERRED TO IN SECTION 6.

Amount

No. Work or Service to which now appropriated. re-appropriated under this Act.

RAILWAYS. s. d.

1 Rolling Stock (excluding Tramways) 30,000 0 0

WATER SUPPLY AND SEWERAGE.

0 Sewerage and Drainage for Perth and Fremantle 200,000 0 0

DEVELOPMENT OP AGRICULTURE, ETC.

3	Development of Agriculture	103,223 0 9
4	Pine Planting, Purchase of Land and Forest Regeneration	74,874 7 7

ROADS AND BRIDGES.

5      Roads and Bridges throughout the State, including Feeders to

Railways and Grants to Local Authorities ... 10,038 8 4

SUNDRIES.

Workers' Homes Board—Additional Working Capital ...

10,000 0 0

£428,135 16. 8