Loan Act 1942 (WA)

1942.] Loan. [No. 37.

LOAN.

6' AND 7 0 GEO. VI., No. XXXVII.

No. 37 of 1942.

AN ACT to authorise the raising of a sum of Three hundred and ten thousand pounds by Loan for the construction of certain Public Works and Other Services.

[Assented to 23rd December, 1942.]

BEHEAS it is expedient to authorise the raising, amounting in all to Three hundred and ten thousandWby way of Loan, of certain sums of money	Preamble.
pounds for the several purposes hereinafter mentioned: 13e 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:—

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

Act, 1942.

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

iine, to raise by way of loan such several sums of money,

for certain

purposes.

not exceeding in the whole the sum of three hundred and

ten thousand pounds, as may be required for the

several works and purposes mentioned in the Schedule

to this Act.

3. All sums by this Act authorised to I Q raised shall s raised.

he paid to the Treasurer, and shall he by him placed to aZn!°,1.

the credit of an account, to be called the General Loan Fund, and shall be applied by the Treasurer to the pur- poses set forth in the said Schedule in conformity with the annual estimates of the expenditure of loan moneys sanctioned by Parliament.

No. 37.] Loan. [1942.

Principal and

interest 4.

The principal moneys, and interest thereon, raised 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 shah be payable out of the Consolidated Rev- enue Fund and Assets of the Government of Western Australia.

charged on

Revenue.	under the authority of this Act shall rank pan passe
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.

THE SCHEDULE.

Provision.

Item

No. Work or Service.

Total of

Amount. Group.

HARBOUR AND RIVER IMPROVEMENTS.

Fremantle Harbour Works ... 40,000

WATER SUPPLY AND SEWERAGE.

2 Goldfields Water Supply 15,000

3 Water Supply for Towns Generally .. 15,000

30,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

4 The State (WA.) Alunite Industry ... 120,000

5 Charcoal—Iron Production ... 30,000

150,000

OTHER UNDERTAKINGS.

6	State Implement and Engineering Works	...	5,000
7	West Australian Meat Export Works ...	85,000

90,000

£310,000