Loan Act 1949 (WA)

1949.] Loan. [No. 51.

LOAN.

13° Geo. VI., No. CXXXVII.

No. 51 of 1949.

AN ACT to authorise the raising of a sum of Eleven million seven hundred and twenty thousand pounds by Loan for the construction of certain Public Worus and Other Services.

[Assented to 26th October, 1949.]

WHEREAS it is expedient to authorise the raising, by

Preamble.

'way of Loan of certain sums of money amounting in all to Eleven million seven hundred and twenty 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, 1949.

It shall be lawful for the Governor, from time to time, to raise by way of loan such several sums of money, for certain	raieo mono
purposes.
not exceeding in the whole the sum of Eleven million seven hundred and twenty thousand pounds, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

2.

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

be paid to the Treasurer, and shall be by him placed to mintiest

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.

No. 51.] Loan. (1949.

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 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 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 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.

griggrtind 6• It shall be lawful for the Governor to appropriate

to.

out of the sums set forth in the Second Schedule hereto, from the items therein set forth, and to the items enumerated in the Third Schedule hereto, the sum of Eighty-four thousand nine hundred and eighteen pounds fifteen shillings and ten pence to be expended on the works named in the Third Schedule hereto.

1949.]	Loan.	[No. 51.
FIRST SCHEDULE.

Provision.

Item

No. Work or Service.

Total of

Amount. Group.

RAILWAYS AND TRAMWAYS. £ £

1 Additions and Improvements to Opened Railways 600,000

2 Rolling Stock 2,500,000

3 Tramways. Perth Electric ... ... ... 300,000

...

3,400,000

ELECTRICITY AND GAS SUPPLY.

4 Metropolitan Power Scheme and Gas Supply .... 2,500,000

5 South-West Power Scheme .... .... 650,000

3,150,000

HARBOUR AND RIVER IMPROVEMENTS.

6       Additions and Improvements to Jetties, Tramways and

Rolling Stock in the North-West .... .... .... .... 75,000

7 Albany Harbour Works 100,000

8	Bunbury Harbour Works	....	....	100,000
9	Dredges and Barges	375,000
10	Fremantle Harbour Works	....	....	350,000

11 Improvements to Harbours and Rivers 40,000

1,040,000

WATER SUPPLY AND SEWERAGE.

12 Water Supply for Towns generally .... .... 75,000

13 Water Supply on Stock Routes, etc..... .... 15,000

14 Sewerage and Drainage, Perth and Fremantle 150,000

15 Sewerage for Country Towns .... .... .... 20,000

16	Metropolitan Water Supply	....	....	....	....	250,000
17	Goldfields Water Supply

18       Water Supply in Agricultural and North-West Districts

(including Drainage and Irrigation) .... .... 120,000

1,080,000

DEVELOPMENT OF GOLDFIELDS AND MINERAL RESOURCES.

19	Development of Mining ....	....	....	....	....	....	40,000
20	Charcoal-Iron Production	....	....	....	....	....	120,000

21 The State (WA.) Alunite Industry .... 100,000

260,000

DEVELOPMENT OF AGRICULTURE.

22 College of Agriculture .... .... .... .... .... .... 5,000

23 Development of Agriculture .... .... .... .... .... 30,000

24 Pine Planting, Purchase of Land and Forest Regeneration 50,000

25	Purchase of Grain Distillery-Collie	....	....	....	....	150,000
26	Purchase of Flax Mill-Boyup Brook	....	....	....	25,000

27 Rural and Industries Bank-Working Capital .... 1,000,000

1,260,000

PUBLIC BUILDINGS, ETC.

28 Public Buildings 500,000

29 Native Hospitals, Depots and Settlements .... 10,000

510,000

OTHER STATE UNDERTAKINGS.

30 State Engineering Works .... .... .... 20,000

31 State Sawmills .... .... .... .... 100,000

32 Purchase of Plant-Suspense .... .... 100,000

33 Welshpool Industries .... .... .... 50,000

34 State Housing Commission-Capital .... 750,000

1,020,000

Total .... .... £11,720,001

No. 51.] Loan?, [1949.

SECOND SCHEDULE.

RE-APPROPRIATION FROM, REFERRED TO IN SECTION 6.

Original Amount Re-

Appropriation Work or Service to which originally Amount on appropriated

No. or Loan Appropriated. Original Loan under this

Act. Schedule. Act.

DEVELOPMENT OF AGRICULTURE, ETC.

£ s. d. £ s, d.

1 48 of 1930 Land Settlement for Soldiers ; Ad-

vances, Improvements and Purchases

of Estates, etc. .... .... .... 50,000 0 0 11,340 6 11

PUBLIC BUILDINGS, ETC.

2 83 of 1947 Hospital Buildings and Equipment (including grants to Hospital Fund

or for Hospital Purposes .... .... 75,000 0 0 73,578 8 11 £84,918 15 10

THIRD SCHEDULE.

RE-APPROPRIATION TO, REFERRED TO IN SECTION 6.

Amount

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

DEVELOPMENT OF AGRICULTURE, ETC. £ s. d.

1 Development of Agriculture 11,340 6 11

PUBLIC BUILDINGS, ETC.

2       Public Buildings, including Furniture and Equipment, New

73,578 8 11 £84,918 15 10