Loan Act 1945 (WA)

No. 47.] Loan. [1945.

LOAN.

9° and 10° GEO. VI., No. XLVII.

No. 47 of 1945.

AN ACT to authorise the raising of a sum of Nine hundred and Fifty-six thousand pounds by Loan for the construction of certain Public Works and Other Services.

[Assented to 30th January, 1946.]

Preamble. WHEREAS it is expedient to authorise the raising, by " way of Loan, of certain sums of money amounting in all to Nine hundred and fifty-six 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 :—

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

Act, 1945.

Power to 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 Nine hundred and fifty-six thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

raise money

for certain

Purposes.

Sums raised, 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 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

applied.

Principal and

interest 4.

The principal moneys, and interest thereon, raised under the authority of this Act shall rank pari passe with the principal moneys and interest raised and secured

charged on

Revenue.

1945.] Loan. [No. 47.

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.

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.	Advances on
account.

THE SCHEDULE.

Pros ision.

Item Work or Service.

No. Total of

Amount. Group.

RAILWAYS, TRAMWAYS, ETC.

1 Electric Power Stations and Electricity Supply 250,000

WATER SUPPLY AND SEWERAGE.

2 Water Supply for Towns Generally ... 5,000

3	Metropolitan Water Supply	...	25,000
4	Goldfields Water Supply ...	75,000

105,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL

REsouncEs.

0	The State (W.A.) Alunito Industry	150,000
6	Charcoal Iron Production	80,000

230,000

DEVELOPMENT OF AGRICULTURE, ETC.

7       Abattoirs, Cold Storage, Export Depot, Grain

Sheds, Sale Yards, etc. 50,000

S Development of Agriculture ... 30,000

0 College of Agriculture ... 1,000

81,000

PUBLIC BUILDINGS, ETC.

10       Hospital Buildings and Equipment (including Grants to Hospital Fund or for Hospital pur-

poses 200,000

11 Native Hospitals, Depots, and Settlements ... 5,000

205,000

OTHER UNDERTAKINGS.

12       Bulk Handling of Wheat—Provision of Facilities

35,000

13 West Australian Meat Export Works ... 50,000

85,000

Total ... £956,000