Loan Act 1958 (WA)

1958.] Loan. [No. 62.

LOAN.

7° Elizabeth II., No. LXII.

No. 62 of 1958.

AN ACT to authorise the raising of a sum of Sixteen Million Seven Hundred and Forty-two Thousand Pounds by loan for the construction of certain Public Works and for Other Purposes.

[Assented to 24th December, 1958.]

WHEREAS it is expedient to authorise the raising, Preamble.

" by way of loan of certain sums of money

amounting in all to sixteen million seven hundred and forty-two 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, 1958.

No. 62.] Loan. [1958.

Power to 2.

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 sixteen million seven hundred and forty-two thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

raise money

for certain

purposes.

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 the loan moneys sanctioned by Parliament.

how to be

applied.

Principal 4.

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

and interest 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

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 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.

1958.]	Loan.	[No. 62.
The Schedule.

Provision

Item

No. Work or Service

Total of

Amount Group

£ £

Railways.

1 Additions and Improvements to Opened Railways .... 2,300,000

2       Welshpool Marshalling Yards and connecting Railways,

including Land Resumption 300,000

3 Perth Railway Terminal . 10,000

4	North Fremantle—Interchange sidings	30,000
5	Fremantle-North Fremantle—New River Bridge Con-

struction, including Land Resumption .. ... 80,000

2,720,000

Tramways and Ferries.

6 Tramways, Trolley Bus and Omnibus Services 15,000

15,000

State Electricity Commission.

7	Electricity Frequency Change, 40-50 cycles	....	80,000
8	Metropolitan Power Scheme and Gas Supply ...	500,000

9 South-West Power Scheme .... .... .... 100,000

680,000

Public Works.

10 Albany Harbour Works .... .... .... ... .. 10,000

11 Bunbury Harbour Works .... .... .... ... .... 100,000

12       Country Areas and Towns Water Supply, and Loans to

Local Authorities and Water Boards .... .... .... 1,300,000

13 Drainage and Irrigation .... .... .... .... .... 450,000

14 Improvements to Harbours and Rivers ... .... 200,000

15      Public Buildings, including furniture and equipment,

16	Salaries and Incidentals .... ... .... .... .... 350,000
17	Sewerage for Country Towns 90,000

5,225,000

North-West.

18       Additions and Improvements to Jetties, Tramways, and

19 Ord River Investigations and Surveys .... .... .... 6,000

20       Public Buildings, including furniture and equipment,

new buildings 250,000

21	Salaries and Incidentals	....	....	....	....	16,000
22	State Shipping Service	180,000

23       Water Supplies and Loans to Local Authorities and

Water Boards 140,000

762,000

Metropolitan Water Supply, Sewerage and Drainage.

24 Metropolitan Water Supply 1,840,000

25 Salaries and Incidentals .... 110,000

26	Sewerage	....	....	....	300,000
27	Drainage	...	....	260,000

2,510,000

Mines.

... ... 40,000

No. 62.] Loan. [1958.

THE SCHEDULE—continued.

Provision

Item Work or Service

No. Total of

Amount Group

£ £

Brought forward .... 11,957,000

State Housing Commission.

30 Advances for housing of Government Employees 80,000

31 Capital .... .... .... .... .... .... 800,000

880,000

Agriculture.

32 Development of Agriculture 190,000

190,000

Forests.

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

100,000

Fisheries.

34 Fisheries Research .... 25,000

25,000

Industrial Development.

35 Assistance to Industry .... 120,000

120,000

Other State Undertakings.

36 Charcoal Iron and Steel Industry ... 110,000

37 Fremantle Harbour Trust .... .... ... 300,000

38 Metropolitan Passenger Transport Trust 350,000

39	Perth Dental Hospital	....	....	....	30,000
40	Royal Perth Hospital	....	....	...	75,000

41 State Engineering Works .... ... 50,000

42 State Building Supplies ... ... 125,000

43 University of -Western Australia .... 200,000

44 Wyndham Meat Works .... ... 200,000

1,440,000

Sundries.

45       Cockburn Cement Pty. Ltd., Industry (Advances) Act,

1947   100,000

46       Loans and Grants to Local Authorities and other Public

47 Loan Flotation Expenses and Discounts 250,000