Loan Act 1971 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 70 of 1971.

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

[Assented to 22nd December, 1971.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent	Preamble.
of the Legislative Council and the 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, 1971.

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

2.

No. 70.] Loan. [1971.

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

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.

how to be

app3led.

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, 1970, and all prior 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.

1971. ] Loan. [No. 70.

THE SCHEDULE.

Provision

No. Work or Service

Total of

Amount Group

Railways

1	Rolling Stock	1,500,000
2	Kewdale Marshalling Yards and connecting railway,

including land resumption 25,000

3 Narrow Gauge Works associated with Standardisation .... 25,000

1,550,000

State Electricity Commission

4 Capital 3,000,000

3,000,000

Public Works

5 Country Areas and Towns Water Supplies 3,000,000

6	Sewerage for Country Towns	600,000
7	Irrigation and Drainage	850,000

8	School Buildings, including furniture and equipment	4,000,000
9	Native Welfare Buildings, including furniture and equip-
1,000,000
10	Child Welfare Buildings, including furniture and equip-

ment 100,000

11 Salaries and Incidentals 4,500,000

14,050,000

Metropolitan Water Supply, Sewerage and Drainage Board

12 Capital 9,000,000

9,000,000

Housing

13 State Housing Commission—Capital .... 28,000,000

14 Government Employees Housing Authority 200,000

28,200,000

Forests

15       Pine Planting, Purchase of Land and Forests Regenera•

tion . 600,000

600,000

Industrial Development

16 Assistance to Industry, including purchase of land 400,000

400,000

Other State Undertakings

17 Albany Port Authority 100,000

18	Bunbury Port Authority	....	400,000
19	Esperance Port Authority	800,000

20	Port Hedland Port Authority	100,000
21	Metropolitan (Perth) Passenger Transport Trust	600,000

No. 70.] Loan. [1971.

THE SCHEDULE—continued.

Provision

No. Work or Service

Total of

Amount Group

$

Brought forward 64,100,000

Sundries

25	Loan Flotation Expenses and Discounts	100,000
26	Short term advances to meet expenditure pending the

receipt of revenue 10,000,000

10,100,000