Loan Act 1953 (WA)
LOAN.
2° Elizabeth II., No. LXVIII.
No. 68 of 1953.
AN ACT to authorise the raising of a sum of Seventeen Million Eight Hundred and Fifty Thousand Pounds by Loan for the construction of certain Public Works and Other Services, and the Re-appropriation of Certain Loan Moneys.
[Assented to 9th January, 1954.]
Preamble.
WHEREAS it is expedient to authorise the raising,
by way of Loan of certain sums of money amounting in all to seventeen million eight hundred and fifty 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, 1953.
| No. 68.] | Loan. | [1953. |
Power to
It shall be lawful for the Governor, from time to time, to raise by way of such loan several sums of money, not exceeding in the whole the sum of seventeen million eight hundred and fifty thousand pounds, as may be required for the several works and purposes mentioned in the First Schedule to this Act.
| raise money | 2. |
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 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 | 3. |
applied.
| Principal and 4. The principal moneys and interest thereon, | interest |
| charged on raised under the authority of this Act shall rank | |
| Revenue. |
parj passu 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.
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 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.
| account. | 5. |
Re-appro-
| priation from | 6. It shall be lawful for the Governor to appropriate 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 five hundred and fifty thousand seven hundred and sixty-eight pounds three shillings and four pence to be expended on the works named in the Third Schedule hereto. |
| and to. |
| 1953.] | Loan. | [No. 68. |
First Schedule.
Provision.
| Ite. | Work or Service. |
| N | o | Total of |
| Amount. | Group. |
Railways and Tramways.
| 1 | Additions and Improvements to Opened Railways | .... | .... | 1,350,000 |
| 2 | Rolling Stock | 7,000,000 |
| 3 | Land Resumption ior New Lines | .... | ._. | .... | .... | 10,000 |
| 4 | Purchase of Stores Materials and Equipment—Suspense | .... | 400,000 |
| 5 | Muja—Centaur Coal Mine | .... | .... | .... | .... | .... | 10,000 |
| 6 | Coogee-Rwinana, including Land Resumption and Survey . | 80,000 |
| 7 | Tramways—Purchase of Stores Materials and EquipmentL |
Suspense
9,050,000
Electricity and Gas Supply.
| 8 | Electricity Frequency Change 40-50 Cycles .... | 150,000 |
150,000
Harbour and River Improvements.
| 9 | Albany Harbour Works .... | .... | .... | .... | 235,000 |
| 10 | Bunbury Harbour Works | . ... | .... | .... | 35,000 |
| 11 | Cockburn Sound Harbour Works | 650,000 |
| 12 | Dredges and Barges— | .... | 20,000 |
| 13 | Fremantle Harbour Works | .... | 260,000 |
1,200,000
Water Supply and Sewerage.
14 Country Areas and Towns Water Supply (including Goldfields and North-West Districts and Loans to Local Authorities
and Water Boards)
| 15 | Metropolitan Water Supply | 250,000 |
| 16 | Metropolitan Water Supply—Kwinana Area | 750,000 |
| 17 | Sewerage and Drainage, Perth and Fremantle | .... | 300,000 |
| 18 | Sewerage for Country Towns | .... | .... | .... | 25,000 |
| 19 | Drainage and Irrigation | .... | .... | .... | 75,000 |
1,800,000
Development of Goldfields and Mineral Resources.
| 20 | Development of Mining .... | _.. | .... | .... | .... | ... | 175,000 |
| 21 | Emotion of State Batteries and Provision of Treatment Plants | 20,000 |
| 22 | Purchase of Tailings | .... | .... | .... | .... | .... | .... | 27,000 |
| 23 | Charcoal Iron Production | .... | .... | .... | .... | .... | 90,000 |
312,000
Development of Agriculture.
24 Abattoirs, Cold Storage, Export Depot, Grain Sheds and Sale
| 25 |
| |||||||
| 26 |
|
375,000
| No. 68.] | Loan. | [1953. |
First Schedule-continued.
Provision.
| Item | Work or Service. |
| No. | Total of |
| Amount. | Group. |
| Brought forward | 16,137,000 |
Other State Undertakings.
28 8,000
29 20,000
| 30 | State Sawmills | 8,000 |
| 31 | State Housing Commission-Capital | 750,000 |
| 32 | Bulk Handling of Wheat-Provision of facilities at Bunbury | 2,000 |
| 33 | Government Printing Office-Purchase of Stores Materials and |
310,000
| 34 | Transfer to a Trust Account as Working Capital to finance purchase of Motor Vehicles by Departmental Officers and Members of Parliament | 200,000 |
| 35 | Assistance to Fishing Industry-Loss on Guaranteed Accounts | 150,000 |
| 36 | Kwinana Area Housing-Advances to State Housing Com- |
mission for erection of Houses under the Oil Refinery In-
| dustry, (Anglo-Iranian Oil Company Limited) Act 1952 | 1,200,000 |
2,648,000 17,785,000
| 37 | Discounts and Flotation Expenses | 65,000 17,850,000 |
Second Schedule.
Re-appropriation from, referred to in Section 6.
| Original | Amount on | Amount Re- |
| Appropriation | Work or Service to which originally | Original Loan | appropriated |
| or Loan | Appropriated. | Schedule. | under this |
| Act. | Act. |
| Railways and Tramways. | £ | s. d. | s. d. |
| 1 | 29 of 1924 | Brookton-Dale River | 30,000 0 0 | 30,000 0 0 |
| 2 | 53 of 1926 | Manjimup-Mt. Barker | 10,000 0 0 | 10,000 0 0 |
| 3 | 40 of 1933 | Yuna-Dartmoor | 60,000 0 0 | 59,510 14 3 |
Water Supply and Sewerage.
| 4 | 67 of 1952 | Water Supply for Towns Generally | .... | 135,000 0 0 | 80,404 4 3 |
| 51 of 1949 | Boring for Water on Stock Routes, etc. | .... | 15,000 0 | 0 | 8,215 4 | 6 |
| 62 of 1951 | do. | do. | do. | do. | 10,000 0 0 | 10,000 | 0 0 |
| 6 | 67 of 1962 | Country Areas Water Supply, including |
| North-West Districts | 475,000 0 0 295,757 13 8 |
| 7 | 36 of 1946 | Eastern Goldfields | 10,000 | 0 0 | 7,394 11 | 2 |
| 8 | 71 of 1950 | Murchison and Peak Hill Goldfields | .... | 3,000 | 0 | 0 | 2,453 | 1 | 2 |
| 62 of 1951 | do. | do. | do. | 10,000 0 0 | 10,000 0 0 |
Development of Goldfields and Mineral
Resources.
| 9 | 51 of 1949 | The State (W.A.) Alunite Industry | 100,000 0 | 0 | 28,718 | 4 6 |
Development of Agriculture.
| 10 | 51 of 1949 | Purchase of Grain Distillery-Collie | 150,000 | 0 | 0 | 5,660 10 | 0 |
Other State Undertakings.
585 1 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, |
s. d.
Railways and Tramways.
| Additions and Improvements to Opened Railways | 99,610 14 | 3 |
Water Supply and Sewerage.
2 Country Areas and Towns Water Supply (including Goldfields and North-
| West Districts and Loans to Local Authorities and Water Boards | .... | 414,224 14 | 9 |
0
0
0