Loan Act 1943 (WA)

LOAN.

7' GEo. VI., No. XXVIII.

No. 33 of 1943.

AN ACT to authorise the raising of a sum of Three hundred and fifty thousand pounds by Loan for the con,truction of certain Public Works and Other Services.

[Assented to 12th November, 1943.]

HEREAS it is expedient to authorise the raising, Preamble.

Wby way of Loan, of certain sums of money amount-

ing in all to Three hundred and fifty thousand pounds for the several purposes hereinafter mentioned : 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 :—

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

Act, 1943.

No. 33.] [1943.

Power to

raise money 2.

It shall be lawful for the Governor, from time to time, to raise by way of loan such several sums of money, not exceeding in the whole the sum of three hundred and fifty thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

for certain

Purposes.

Sums raised,

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 pur- poses set forth in the said Schedule in conformity with the annual estimates of the expenditure of loan moneys sanctioned by Parliament.

how to be 3.

applied.

Principe./ and

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 shall be payable out of the Consolidated Rev- enue Fund and Assets of the Government of Western Australia.

interest 4.

charged on

Revenue. under the authority of this Act shall rank pari passu

Advances on 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

account.

No. 33.] Loan. [1943.

Power to

It shall be lawful for the Governor, from time to time, to raise by way of loan such several sums of money, not exceeding in the whole the sum of three hundred and fifty thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

raise mover 2.

for certain

Purposes.

Sums raised,

All sums by this Act authorised to be raised shall 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.

how to be 3.

applied.	be paid to the Treasurer, and shall be by him placed to
Principal and

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 shall be payable out of the Consolidated Rev- enue Fund and Assets of the Government of Western Australia.

interest 4.

charged on

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

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

account. 5.

1943.]	Loan.	[No. 33.
THE SCHEDULE.

Provision.

Item

Work or Service.

N

No. Total of

Amount. Group.

RAILWAYS, TRAMWAYS, ETC. £ £

1 Additions and Improvements, Opened Railways ... ... 50,000

2 Rolling Stock (excluding Tramways) ... ... ... ... 25,000

3       Tramways, Perth Electric (including Rails and Fastenings and

Rolling Stock) ... ... ... ... ... ... ... 100,000

4 Electric Power Station, East Perth, and Electricity Supply 75,000

250,000

DEVELOPMENT 0P AGRICULTURE, ETC.

6       Abattoirs, Cold Storage, Export Depot, Grain Sheds, and Sale

6	Assistance to Settlers, Industries, etc. ... ... ... ... 15,000
7	Pine Planting, Purchase of Land and Forest Regeneration ... 15,000

55,000

OTILER UNDERTAKINGS.

8	State Implement and Engineering Works	...	...	...	5,000
0	West Australian Meat Export Works

45,000

£350,000