Loan Act 1968 (WA)

No. 59.] Loan. [1968.

LOAN.

No. 59 of 1968.

AN ACT to authorise the raising of a sum of Sixty-five Million Two Hundred and Forty Thousand Dollars by loan for the construction off certain Public Works and for Other Purposes.

[Assented to 13th November, 1968.]

Preamble.

WHEREAS it is expedient to authorise the raising, " by way of loan of certain sums of money amounting in all to sixty-five million two hundred and forty thousand dollars 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:—

Short title.

1. This Act may be cited for all purposes as the

Loan Act, 1968.

1968.] Loan. [No. 59.

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 sixty-five million two hundred and forty thousand dollars, as may be required for the several works and purposes mentioned in the First Schedule to this Act.
Sums raised,

2.

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.	how to be
applied.
Principal

3.

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

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.
Re-

5.

6. It shall be lawful for the Governor to appropriation

appropriate out of the sums set forth in the Second	from and to.
Schedule hereto, from the items therein set forth, and to the items enumerated in the Third Schedule hereto, the sum of one million six hundred and seventeen thousand three hundred and seventy- eight dollars to be expended on the works and purposes named in the Third Schedule hereto.

No. 59.] Loan. [1968.

ME FIRST SCHEDULE.

Provision

No. Work or Service

Total of

Amount Group

Railways

1 Additions and Improvement to Opened Railways 4,000,000

2	Rolling Stook	100,000
3	Kewdale Marshalling Yards and connecting railways,

including land resumption 250,000

4 Standardisation of gauge 10,000,000

14,350,000

State Electricity Commission

5 Capital •• • • ••• • • • •• • ..• ••• • 8,000,000

8,000,000

Public Works

6	Albany Harbour Works	....	20,000
7	Bunbury Harbour Works	30,000
8	Esperance Harbour Works	50,000

9       Country Areas and Towns Water Supply, and Loans to

Local Authorities and Water Boards 5,300,000

10	Sewerage for Country Towns	500,000
11	Drainage and Irrigation	800,000
12	School Buildings, including furniture and equipment,

new buildings 8,000,000

13       Hospital Buildings, including furniture and equipment,

new buildings 5,000,000

14       Native Welfare Buildings, including furniture and equip-

ment, new buildings 50,000

15       Police Buildings, including furniture and equipment, new

buildings 700,000

16       Institutional Buildings, including furniture and equip-

ment, new buildings 1,200,000

17       Other Buildings, including furniture and equipment,

new buildings 2,000,000

18 Salaries and Incidentals 1,800,000

25,450,000

North-West

19       Water Supplies, Sewerage and Loans to Local Authorities

and Water Boards 1,000,000

20	Kununurra Township Development	70,000
21	Electricity to Government Establishments	100,000
22	School Buildings, including furniture and equipment,

new buildings 450,000

23       Hospital Buildings, including furniture and equipment,

new buildings 700,000

24       Police Buildings, including furniture and equipment,

new buildings 150,000

25 Other Buildings, including furniture and equip-

220,000

26 Salaries and Incidentals 300,000

2,990,000

Carried forward 50,790,000

1968.] Loan. [No. 59.

THE FIRST SCHEDULE—continued.

Provision

No. Work or Service

Total of

Amount Group

$ $

Brought forward .... 50,790,000

Metropolitan Water Supply, Sewerage and Drainage Board

27 Capital .... .... .... .... .... .... .... 8,000,000

8,000,000

Mines

28 State Batteries .... .... .... 20,000

20,000

Housing

29 State Housing Commission—Capital .... 2,500,000

30 Government Employees Housing Authority .... .... 200,000

2,700,000

Agriculture

31 Development of Agriculture .... 1,300,000

1,300,000

Forests

32       Pine Planting, Purchase of Land and Forests Regenera-

400,000

400,000

Industrial Development

33 Assistance to Industry, including purchase of land .... 250,000

250,000

Other State Undertakings

34 Metropolitan (Perth) Passenger Transport Trust 280,000

35 University of Western Australia .... .... .... 700,000

36 Western Australian Institute of Technology .... 800,000

1,780,000

Total .... 65,240,000

No. 59.] Loan,. [1968.

THE SECOND SCHEDULE.

Reappropriation from, referred to in Section 6.

Original on Loan Work Amount Amount Re-

Work or Service to which originally

No. Appropriation on Original appropriated

Appropriated

Loan Schedule under this Act

Public Works

1 75 of 1967 Local Authority Loan Repayments 100,000 53,263

North-West

2	81 of 1959	Ord River Investigations and Surveys	8,000	1,925
3	106 of 1964	Wyndham Freezing, Canning and

Meat Export Works .... 240,000 42,882

4 64 of 1966 Wyndham Freezing, Canning and

Meat Export Works .... 100,000 100,000

Housing

5 68 of 1953 Kwinana Area Housing—Advances for erection of houses under the Oil Refinery Industry (Anglo- Iranian Oil Company Ltd.) Act, 1952 2,400,000 50,000

Lands and Surveys

6 88 of 1956 Purchase and Development of Land

for settlement .... 82,000 608

Other State Undertakings

7	75 of 1967	Royal Perth Hospital	....	170,000	76,205
8	51 of 1949	Welshpool Industries	100,000	24,796
9	62 of 1961	Welshpool Industries	40,000	40,000

Sundries

10 64 of 1966 Loans and Grants to Local Author-

ities and Other Public Bodies .... 700,000 333,832

11 75 of 1967 Loans and Grants to Local Author-

ities and Other Public Bodies . 600,000 300,000

12 112 of 1965 Roads and Bridges .... . 800,000 593,867 1,617,378

1968.] Loan. [No. 59.

THE THIRD SCHEDULE.

Reappropriation to, referred to in Section 6.

Amount Re-

No. Work or Service to which now Appropriated appropriated under this Act

Public Works

1 Bunbury Harbour Works	193,867
2 Country Areas and Towns Water Supply, and Loans to Local Author-

ities and Water Boards 53,263

3 Hospital Buildings, including furniture and equipment, new buildings 76,205

North-West

4 Additions and Improvements to Jetties, Tramways and Rolling Stock 142,882

5 Irrigation 1,925

Housing

6 State Housing Commission—Capital .... 50,000

Industrial Development

7 Assistance to Industry, including purchase of land . . 65,404

Other State Undertakings

8 Fremantle Port Authority 400,000

Sundries

9 Loan Flotation Expenses and Discounts .... 333,832

10 Rural and Industries Bank—Delegated Agencies

300,000

1,617,378