Loan Act 1957 (WA)

No. 80.] Loan. [1957.

LOAN.

6° Elizabeth IL, No. LXXX.

No. 80 of 1957.

AN ACT to authorise the raising of a sum of Sixteen Million and Seventy-three Thousand Pounds by loan for the construction of certain Public Works and Other Purposes, and to authorise the Re-appropriation of Certain Loan Moneys.

[Assented to 16th December, 1957.]

Preamble.

WHEREAS it is expedient to authorise the raising,by way of loan of certain sums of money

amounting in all to sixteen million and seventy-three thousand pounds for the several purposes hereinafter mentioned: Be it enacted by the Queen's Most Excel- lent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of

1957.] Loan. [No. 80.

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, 1957.

Power to

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

2.

All sums by this Act authorised to be raised shall be paid to the Treasurer, and shall be by him	how to be
Sums raised,
applied.
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 the loan moneys sanctioned by Parliament.

3.

The principal moneys, and interest thereon, raised under the authority of this Act shall rank	Principal and
interest
Revenue.
charged on
pari 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

4.

5. The Governor may from time to time by account.

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

No. 80.] Loan. [1957.

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.

Re-appro-

mission from6. It shall be lawful for the Governor to

and 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 four hundred and forty-seven thousand and thirty-three pounds to be expended on the works and purposes named in the Third Schedule hereto.

First Schedule.

Provision.

Item

No. Work or Service.

Total of

Amount. Group.

Railways.

1 Additions and Improvements to Opened Railways 2,200,000

2,200,000

State Electricity Commission.

2 Electricity Frequency Change, 40-50 Cycles 80,000

3 Metropolitan Power Scheme and Gas Supply 1,500,000

4 South-West Power Scheme .... 150,000

1,730,000

Public Works.

5	Abattoirs and Saleyards	....	....	120,000
6	Albany Harbour Works	10,000
7	105,000

Country Areas and Towns Water Supply and Loans to Local

Authorities and Water Boards .... .... .... .... 1,000,000

9	Drainage and Irrigation	....	....	....	....	....	340,000
10	Geraldton Harbour Works	....	....	....	....	....	15,000

11 Improvements to Harbours and Rivers .... .... .... 150,000

12       Public Buildings, including furniture and equipment, new

buildings 2,250,000

13	Salaries and Incidentals	....	....	....	....	....	350,000
14	Sewerage for Country Towns	....	....	80,000

4,420,000

Carried forward .... 8,350,000

1957. ] Loan. [No. 80.

First Schedule—continued.

Provision.

Item Work or Service.

No. Total of

Amount	Group.
8,350,000

Brought forward	....
North-West.

15        Additions and Improvements to Jetties, Tramways and Rolling

80,000 3,000

16       Ord River Investigations and Surveys

17       Public Buildings, including furniture and equipment, new

buildings 150,000

18   15,000

19	State Shipping Service .	800,000
20	Water Supplies and Loans to Local Authorities and Water
80,000

1,128,000

Metropolitan Water Supply, Sewerage and Drainage.

21 Metropolitan Water Supply 1,450,000

22	Salaries and Incidentals .	100,000
23	250,000
24	Drainage	130,000

1,930,000

Mines.

25 State Batteries 10,000

10,000

State Housing Commission.

26	Advances for Maintenance of Pensioners' Homes	....	10,000
27	Capital	950,000

960,000

Agriculture.

28 Development of Agriculture 150,000

150,000

Forests.

29 Pine Planting, Purchase of Land and Forests Regeneration 100,000

100,000

Other State Undertakings.

30	Charcoal Iron and Steel Industry	....	500,000
31	Fremantle Harbour Trust	335,000

32 Metropolitan Passenger Transport Trust 200,000

33	Royal Perth Hospital	....	125,000
34	State Building Supplies	100,000

35 State Hotels .... 10,000

1,270,000

Sundries,

36	Cockburn Cement Pty., Ltd., Industry (Advances) Act, 1947	100,000
37	Loans and Grants to Local Authorities and other Public Bodies	190,000

38 Loan Flotation Expenses and Discounts .... 35,000

39	Rural and Industries Bank, Delegated Agencies.....	600,000
40	Transfer to Consolidated Revenue Fund for purpose of

Funding Deficits 1,250,000

2,175,000

Total 16,073,000

No. 80.] Loan. [1957.

Second Schedule.

Re-appropriation from, referred to in Section 6.

Original Amount on Amount Re-

No. Appropriation Work or Service to which originally Original appropriated

or Loan Appropriated. Loan under this

Act. Schedule. Act.

Metropolitan Water Supply Sewerage and

Drainage.

1 88 of 1956 Sewerage and Drainage 400,000 138,982

State Housing Commission.

2 68 of 1953 Kwinana Area Housing—Advances to State

Housing Commission for erection of houses

under the Oil Refinery Industry (Anglo-

Iranian Oil Company Limited), Act, 1952 1,200,000 200,000

Other State Undertakings.

3	37 of 1954	State Brickworks	100,000	58,892
4	88 of 1956	State Saw Mills	175,000	49,159

Total 447,033

Third Schedule.

Re-appropriation to, referred to in Section 6.

Amount

No.	Work or Service to which now appropriated.	re-appropriated under this Act.
Metropolitan Water Supply, Sewerage and Drainage.

1 Sewerage 138,982

State Housing Commission.

2 Capital 200,000

Other State Undertakings.

3 State Building Supplies 108,051 447,033