Loan Act 1948 (WA)

No. 85.] Loan. [1948.

LOAN.

12° and 13° GEO. VI., No. LXXXV.

No. 85 of 1948.

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

[Assented to 26th January, 1949.]

WHEREAS it is expedient to authorise the raising, byway of Loan of certain sums of money amounting in	Preamble.
all to Two million three hundred and fifteen 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 Aus- tralia 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, 1948.

2.    It shall be lawful for the Governor, from time to rPaTsree rmtoon y

time, to raise by way of loan such several sums of money, pupo e for

eer

r

not exceeding in the whole the sum of Two million three

No. 85. ] Loan. [1948.

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

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 purposes 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

PI 'nelpal 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 shall be payable out of the Consolidated Revenue Fund and Assets of the Government of Western Australia.

charged on

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

account. 5.

1948.]	Loan.	[No. 85.
THE SCHEDULE.

Provision.

Item

No. Work or Service.

Amount. Total of Group.

RAILWAYS AND TRAMWAYS.

1	Additions and Improvements to Opened Railways	....	250,000
2	Rolling Stock	75,000

3    Tramways-Perth Electric (including Rails, Fastenings and

Rolling Stock 75,000

400,000

ELECTRICITY AND GAS SUPPLY.

4	Metropolitan Power Scheme and Gas Supply	400,000
5	State Electricity Commission, Head Office-Furniture and

Equipment .... 2,000

402,000

HARBOURS AND !VERS.

6	Albany Harbour Works ....	20,000
7	Bunbury Harbour Works	100,000
8	Fremantle Harbour Works	50,000
9	Improvements to Harbours and Rivers	75,000

245,000

WATER SUPPLY.

10 Water for Towns generally .... 110,000

11 Water Supply on Stock Routes, etc. .... 5,000

12 Sewerage and Drainage for Perth and Fremantle 175,000

13	Metropolitan Water Supply	....	175,000
14	Goldfields Water Supply ....	70,000

15 Murchison and Peak Hill Goldfields 3,000

538,000

DEVELOPMENT OP GOLDFIELDS AND MINERAL RESOURCES.

10     Development of Mining (including boring for Coal and Mis-

cellaneous) 30,000

17	Charcoal-Iron Production	225,000
/8	The State (WA.) Ahtnite Industry	35,000

200,000

DEVELOPMENT OF AGRICULTURE, ETC.

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

Yards, etc. 65,006

20	College of Agriculture	15,000
21	Development of Agriculture	20,000
Pine Planting, Purchase of Land and Forest Regeneration	50,000

150,000

OTHER STATE UNDERTAKINGS.

23 West Australian Meat Export Works 50,000

24 Purchase of Plant (Suspense) .... 150,000

25 Welshpool Industries .... 40,000

26 Purchase of Land for Industrial Purposes 50,000

990,000

Tots I 2,315,000