Loan Act 1970 (WA)

1970.] Loan. [No. 90.

LOAN.

No. 90 of 1970.

AN ACT to authorise the raising of a sum of

Fifty-six Million Two Hundred Thousand Dollars by loan for the construction of certain Public Works and for Other Purposes.

[Assented to 30th November, 1970.]

WHEREAS it is expedient to authorise the raising, " by way of loan of certain sums of money amounting in all to fifty-six million two hundred 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:—

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

Loan Act, 1970.

No. 90.] Loan. [1970.

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 fifty-six million two hundred thousand dollars, as may be required for the several works and purposes mentioned in the First Schedule to this Act.

for certain

purposes.

Sums raised,

how to be 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.

applied.

Principal

and interest 4.

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

appropria-	6. It shall be lawful for the Governor to
tion 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 one million nine hundred and forty-three thousand two hundred and three dollars to be expended on the works and purposes named in the Third Schedule hereto.

1970.] Loan. [No. 90.

THE FIRST SCHEDULE.

Provision

No. Work or Service

Total of

Amount Group

Railways $ $

1	Rolling Stock	1,400,000
2	Kewdale Marshalling Yards and connecting railway,

including land resumption 6,113

3	Industrial Spurs, Kewdale, including land resumption ....	140,000
4	Narrow Gauge Works associated with Standardisation ....	53,887

5 Standardisation of Gauge 4,000,000

5,600,000

Public Works

6 Improvements to Harbours and Rivers ... .... 1,000,000

7       Country Areas and Towns Water Supply, and Loans to

Local Authorities and Water Boards .... .... .... 4,600,000

8	Sewerage for Country Towns	900,000
9	Irrigation and Drainage	800,000

10 Kununurra Township Development .... .... .... 100,000

11	School Buildings, including furniture and equipment ....	2,000,000
12	Hospital Buildings, including furniture and equipment	1,000,000
13	Public Health Buildings, including furniture and equip-

ment 1,800,000

14       Mental Health Buildings, including furniture and equip-

ment 500,000

15       Perth Medical Centre Buildings, including furniture and

equipment . 6,000,000

16	Police Buildings, including furniture and equipment ....	800,000
17	Child Welfare Buildings, including furniture and equip-

ment 800,000

Is	Prison Buildings, including furniture and equipment ....	500,000
19	Other Public Buildings, including furniture and equipment	600,000

20 Salaries and Incidentals 1,000,000

22,400,000

Carried forward .. .... 28,000,000

No. 90.] Loan. [1970.

THE FIRST SCHEDULE—continued.

Provision

Work or Service

Total of

Amount Group

Brought forward . 28,000,000

Metropolitan Water Supply, Sewerage and Drainage Board

21 Capital 12,000,000

12,000,000

Mines

22 Development of Mining 100,000

100,000

Housing

23 State Housing Commission—Capital .... 5,000,000

24 Government Employees Housing Authority 600,000

5,600,000

Agriculture

25 Development of Agriculture 600,000

600,000

Forests

26       Pine Planting, Purchase of Land and Forests Regenera-

600,000

600,000

Fisheries

27 Fisheries Research and Conservation ... 100,000

100,000

Industrial Development

28 Assistance to Industry, including purchase of land .... 200,000

200,000

Other State Undertakings

29	Albany Port Authority	....	300,000
30	Bunbury Port Authority	...	500,000

31	Esperance Port Authority ....	400,000
32	Fremantle Port Authority	700,000
33	Metropolitan (Perth) Passenger Transport Trust	600,000

34 Midland Junction Abattoir Board 2,000,000

35 University of Western Australia 300,000

36 West Australian Meat Export Works .... 1,400,000

37 Western Australian Institute of Technology 700,000

6,900,000

Sundries

38 Loan Flotation Expenses and Discounts .... 100,000

39 Rural and Industries Bank—Delegated Agencies 2,000,000

2,100,000

Total .... 56,200,000

1970.] Loan. [No. 90.

THE SECOND SCHEDULE.

Reappropriation from, referred to in Section 6.

Original Work or Service to which originally Amount Amount Re-

No. Appropriation on Original appropriated

Appropriated

on Loan Work Loan Schedule under this Act

Public Works

1 109 of 1969 .... Albany Harbour Works .... 200,000 91,067

2 59 of 1968 .... Bunbury Harbour Works .... 193,867 115,123

3 109 of 1969 .... Esperance Harbour Works.... .... 420,000 224,747

4 109 of 1969 .... Institutional Buildings, including

furniture and equipment	2,600,000	1,512,266 1,943,203
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	Mental Health Buildings, including furniture and equipment	1,000,000
2	Prison Buildings, including furniture and equipment ....	512,266

Other State Undertakings

3	Albany Port Authority ....	91,067
4	Bunbury Port Authority ....	115,123

5 Esperance Port Authority 224,747 1,943,203