Loan Act 1959 (WA)
| No. 81.] | Loan. | [1959. |
LOAN.
8° Elizabeth II., No. LXXXI.
No. 81 of 1959.
AN ACT to authorise the raising of a sum of Eighteen Million Seven Hundred and Eighteen Thousand Pounds by loan for the construction of certain Public Works and for Other Purposes, and to authorise the re-appropriation of certain loan moneys.
Assented to 16th December, 1959.J
WHEREAS it is expedient to authorise the raising, Preamble.
" by way of loan of certain sums of money
amounting in all to eighteen million seven hundred and eighteen 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, 1959.
| No. 81.] | Loan. | [1959. |
Power to
| raise money | 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 eighteen million seven hundred and eighteen thousand pounds, as may be required for the several works and purposes mentioned in the First Schedule to this Act.
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 the loan moneys sanctioned by Parliament.
| how to be | 3. |
applied.
Principal
The principal moneys, and interest thereon, pan passu with the principal moneys and interest
| and 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 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-
| appropriation | 6. It shall be lawful for the Governor to |
| from 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 sixteen thousand pounds to be expended on the works and purposes named in the Third Schedule hereto. |
| 1959.] | Loan. | [No. 81. |
FIRST SCHEDULE.
Provision
Item
| No. | Work or Service |
Total of
| Amount | Group |
Railways
| a | Additions and Improvements to Opened Railways | ... | 1,800,000 |
| 2 | Rolling Stock | 200,000 | |
| 3 | Welshpool Marshalling Yards and connecting railways, |
| including Land Resumption | 75,000 |
| 4 | North Fremantle—Interchange sidings | 75,000 |
2,150,000
State Electricity Commission
| 5 | Electricity Frequency Change, 40-50 cycles | .... | 90,000 |
| 6 | Metropolitan Power Scheme and Gas Supply | 800,000 | |
| 7 | South-West Power Scheme | 100,000 |
990,000
Public Works
| Abattoirs and Saleyards | 50,000 |
| 9 | Albany Harbour Works | .... | 10,000 |
| 10 | Bunbury Harbour Works .... | 80,000 |
| 11 | Country Areas and Towns Water Supply, and Loans to |
| Local Authorities and Water Boards | 1,500,000 |
| 12 | Drainage and Irrigation | .... | 550,000 |
| 13 | Geraldton Harbour Works | 24,000 |
| 14 | Improvements to Harbours and Rivers | 70,000 |
| 15 | Public Buildings, including furniture and equipment |
| new buildings | .... | 3,500,000 |
| 16 | Salaries and Incidentals | .... | 450,000 |
| 17 | Sewerage for Country Towns | 80,000 |
| i8 | Plant Workshops | .... | 15,000 |
6,329,000
North-West
19 Additions and Improvements to Jetties, Tramways, and
130,000
| 20 | Ord River Investigations and Surveys .... | 4,000 |
| 21 | Irrigation | 300,000 |
| 22 | Electricity to Government Establishments | .... | 7,000 |
23 Public Buildings, including furniture and equipment,
| new buildings | 200,000 |
| 24 | Salaries and Incidentals | 30,000 |
| 25 | State Shipping Service | .... | 140,000 |
26 Water Supplies and Loans to Local Authorities and
| Water Boards | 220,000 |
1,031,000
Metropolitan Water Supply, Sewerage and Drainage
| 27 | Metropolitan Water Supply | .... | 1,700,000 |
| 28 | Salaries and Incidentals | 130,000 | |
| 29 | Sewerage | 540,000 | |
| 30 | Drainage | 200,000 |
2,570,000
Mines
| 31 | Development of Mining | .... | 100,000 |
| 32 | State Batteries | 20,000 |
120,000
| Carried forward | 13,190,000 |
| No. 81.] | Loan. | [1959. |
FIRST SCHEDULE—continued.
Provision
| Item | Work or Service |
| No. | Total of |
| Amount | Group |
| £ | £ |
| Brought forward | .... | .... | .... | 13,190,000 |
State Housing Commission
| 33 | Advances for housing of Government Employees | 60,00Q |
| 34 | Capital |
1,560,000
Agriculture
| 35 | Development of Agriculture | .... | 230,000 |
230,000
Forests
| 36 | Pine Planting, Purchase of Land and Forests Regeneration | 100,000 |
100,000
Fisheries
| 37 | Fisheries Research | .... | .... | .... | .... | .... | 13,000 |
13,000
Industrial Development
| 38 | Assistance to Industry, including purchase of land | .... | 260,000 |
250,000
Other State Undertakings
| 39 | Charcoal Iron and Steel Industry | .... | 165,000 |
| 40 | Fremantle Harbour Trust .... | .... | .... | 400,000 |
| 41 | Metropolitan Passenger Transport Trust | 250,000 |
| 42 | Royal Perth Hospital | .,.. | .... | .... | 75,000 |
| 43 | State Building Supplies | .... | .... | .... | 25,000 |
| 44 | University of Western Australia .... | .... | 500,000 |
| 45 | West Australian Meat Export Works | .... | .... | 200,000 |
1,615,000
Sundries
46 Cockburn Cement Pty. Ltd., Industry (Advances) Act,
| 1947 | , | 100,000 |
47 Loans and Grants to Local Authorities and other Public
| 48 |
| |||
| 49 |
|
50 Payments to meet demands arising from guarantees
| Industry (Advances) Act, 1947.... | .... | .... | 20,000 |
51 Transfer to Consolidated Revenue Fund for purpose of
| Funding Deficits | 760,000 |
1,760,000
| Total | .... | — | 18,718,000 |
| SECOND SCHEDULE. |
Reappropriation from, referred to in Section 6.
| Original | Amount | Amount Re- |
| No. | Appropriation | Work or Service to which originally | on Original | appropriated |
| on Loan Aet | Appropriated | Loan Schedule | under this Act |
Tramways and Ferries
| 68 of 1953 | Purchase of Stores, Materials and |
| Equipment (Suspense) .... | 200,000 | 16,000 |
| 1959.] | Loan. | [No. 81. |
THIRD SCHEDULE.
Reappropriation to, referred to in Section 6.
Amount
| No. | Work or Service to which now Appropriated | re-appropriated under this Act |
Tramways and Ferries
| 1 | Tramways, Trolley Bus and Omnibus Service .... | 16,000 |
0
0
0