Loan Act 1964 (WA)

1964.] Loan. [No. 106.

LOAN.

13° Elizabeth II., No. CVI.

No. 106 of 1964.

AN ACT to authorise the raising of a sum of Twenty-four Million Two Hundred and Fifty Thousand Pounds by loan for the construction

of certain Public Works and for Other Purposes.

[Assented to 23rd December, 1964.]

WHEREAS it is expedient to authorise the raising,

Preamb/e.

" by way of loan of certain sums of money amounting in all to twenty-four million two 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 shwb title^

Loan Act, 1964.

No. 106.] Loan. [1964.

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 twenty-four million two 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 the loan moneys sanctioned by Parliament.

bow to be 3.

applied.

Principal	4. The principal moneys, and interest thereon,
and interest

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

pan 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

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 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.

Re- 6. It shall be lawful for the Governor to

p

from

f rom 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 nine hundred and fifty-four thousand six hundred and thirty-two pounds to be expended on the works and purposes named in the Third Schedule hereto.

1964.] Loan. [No. 106.

THE FIRST SCHEDULE.

Provision

No. Work or Service

Total of

Amount Group

Railways £

1	Additions and Improvement to Opened Railways	...	1,500,000
2	Rolling Stock	600,000

3       Welshpool Marshalling Yards and Connecting Railway,

including Land Resumption 200,000

4 Standardisation of Gauge 2,000,000

5 Narrow Gauge Works associated with Standardisation 300,000

4,600,000

Public Works

6	Busselton Harbour Works ....	25,000
7	Esperance Harbour Works	600,000
8	Geraldton Harbour Works	200,000
9	Improvements to Harbours and Rivers	200,000
10	Country Areas and Towns Water Supply, and Loans to

Local Authorities and Water Boards .... 1,250,000

11	Sewerage for Country Towns	250,000
12	Drainage and Irrigation	500,000

13	Local Authority Loan Repayments	....	50,000
14	Services for Industry	200,000

15        School Buildings, including furniture and equipment, new

3,000,000

16       Hospital Buildings, including furniture and equipment,

new buildings 2,000,000

17       Native Welfare Buildings, including furniture and equip-

ment, new buildings 150,000

18       Police Building, including furniture and equipment, new

buildings 800,000

19       Institutional Buildings, including furniture and equip-

ment, new buildings 600,000

20       Other Buildings, including furniture and equipment,

new buildings 2,000,000

21 Salaries and Incidentals 1,000,000

12,825,000

Iv orlh-West

22       Additions and Improvements to Jetties, Tramways, and

Rolling Stock 250,000

23       Water Supplies, Sewerage and Loans to Local Authorities

and Water Boards 300,000

24 Irrigation 500,000

25	Electricity to Government Establishments	....	180,000
26	Exmouth Township Development	100,000

27       School Buildings, including furniture and equipment,

new buildings 150,000

28       Hospital Buildings, including furniture and equipment,

new buildings 300,000

29       Police Buildings, including furniture and equipment,

new buildings 100,000

30       Other Buildings, including furniture and equipment,

new buildings 100,000

31	Salaries and Incidentals	120,000
32	State Shipping Service	100,000
33	Wyndham Freezing, Canning and Meat Export Works	120,000

2,320,000

Carried forward 19,745,000