Loan Act 1952 (WA)

1952.] Loan. [No. 67.

LOAN.

1° Elizabeth II., No. LXVII.

No. 67 of 1952.

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

[Assented to 7th January, 1953. ]

WHEREAS it is expedient to authorise the raising, Preamble

" by way of Loan of certain sums of money

amounting in all to Nineteen million six hundred and twenty-seven thousand pounds for the several purposes hereinafter mentioned: Be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and 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 short title

Loan Act, 1952.

2.    It shall be lawful for the Governor, from time rgeefiliney

to time, to raise by way of loan such several sums =,rstr. thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

of money, not exceeding in the whole the sum of

No. 67.] Loan. [1952.

Sums raised,

how to be 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 as to moneys raised under items one to thirty-two inclusive, of the said Schedule shall be applied by the Treasurer to the purposes set forth in those respective items, in conformity with the annual estimates of the expenditure of loan moneys sanctioned by Parliament, and as to moneys raised under item number thirty-three of the said Schedule, shall be applied by the Treasurer to the purposes specified in that item, in such amounts and manner as the Governor by any warrant or warrants under his hand may from time to time authorise and direct.

applied.

Principal and

The principal moneys, and interest thereon, pan passu with the principal moneys and interest

interest 4.

charged on

Revenue.	raised under the authority of this Act shall rank
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.
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.

1952.]	Loan.	[No. 67.
The Schedule.

Provision.

Item

No. Work or Service.

Total of

Amount. Group.

RAILWAYS AND TRAMWAYS.

Additions and Improvements to Opened Railways 1,000,000

2   2,000,000

3 Land Resumption for New Lines .... 20,000

4 Purchase of Stores, Materials and Equipment—Suspense ... 2,900,000

5 Bassendean Marshalling Yards, including Land Resumptions 50,000

6 Collie Cardiff—Western No. 2 Coal Mine .... 20,000

7 Coogee-Kwinana, including Land Resumption and Survey .... 75,000

6,065,000

ELECTRICITY AND GAS SUPPLY.

S	Metropolitan Power Scheme and Gas Supply	400,000
9	South-West Power Scheme	300,000

10 Electricity Frequency Change 40-50 Cycle .... 75,000

775,000

HARBOUR AND RIVER IMPROVEMENTS.

11	Albany Harbour Works ....	400,000
12	Bunbury Harbour Works	45,000

13 Cockburn Sound Harbour Works .... 600,000

14 Fremantle Harbour Works .... 375,000

,420,000

WATER SUPPLY AND SEWERAGE.

15 Water Supply for Towns Generally .... 135,000

16 Sewerage and Drainage, Perth and Fremantle 220,000

17	Sewerage for Country Towns	....	20,000
18	Metropolitan Water Supply	....	700,000

19	Metropolitan Water Supply, Kwinana Area	500,000
20	Country Areas Water Supply, including North-West Districts	475,000
21	10,000

2,060,000

DEVELOPMENT OF GOLDFIELDS AND MINERALRESOURCES.

22 Development of Mining .... 50,000

50,000

DEVELOPMENT OF AGRICULTURE.

23 Development of Agriculture .... 25,000

24 Pine Planting, Purchase of Land and Forest Regeneration .... 60,000

85,000

PUBLIC BUILDINGS, ETC.

25 Public Buildings 2,500,000

2,500,000

No. 67.] Loan. [ 1952.

The Schedule—continued.

Provision.

Item Work or Service.

No. Total of

Amount. Group.

Brought forward . 12,955,00G

OTHER STATE UNDERTAKINGS.

26	Advances to State Housing Commission for re-establishment of persons dispossessed of their homes owing to resumption of land for public purposes and for temporary housing of evicted tenants	75,000
27	325,000
28	State Sawmills	250,000

29 State Housing Commission—Capital .... 500,000

30 Bulk Handling of Wheat—Provision of facilities at Bunbury 2,000

31 Kwinana Area Development 300,000

32 Kwinana Area Housing 1,200,000

2,652,000 15,607,000

33       Short term Advances to meet expenditure pending the receipt

of Revenue . 4,000,000

DISCOUNTS, ETC.