Loan Act 1972 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 106 of 1972.

AN ACT to authorise the raising of a sum of Sixty-seven Million and Ninety Thousand Dollars by loan for the construction of certain Public Works and for Other Purposes.

[Assented to 6th December, 1972.]

BE it enacted by the Queen's Most ExcellentMajesty, 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. 1972.

2.    It shall be lawful for the Governor, from time raise =ney

to time, to raise by way of such loan several sums folrcceertSn

of money, not exceeding in the whole the sum of

No. 106.] Loan. [1972.

sixty-seven million and ninety thousand dollars, as may be required for the several works and purposes mentioned in the First 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

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, 1971, 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.
account.

Advances on 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.

Re-	6. It shall be lawful for the Governor to appropriate out of the sum set forth in the Second Schedule hereto, from the item therein set forth, and to the item enumerated in the Third Schedule hereto, the sum of three hundred and fifty-six thousand three hundred and five dollars to be expended on the works and purposes named in the Third Schedule hereto.
from and to.

appropriation

1972. Loan. [No. 106.

THE FIRST SCHEDULE.

Provision

No. Work or Service

Total of

Amount Group

S S

Railways:

1 Additions and Improvements to Opened Railways .... 2,000,000

2   500,000

3         Improvement of Facilities Capel-Bunbury for Ihnenite

Sands traffic 300,000

Standardisation of Gauge	.	2,300,000
Standardisation of Gauge—Esperanee Branch	1,200,000

(1,500,000

State Electricity Commission:

Capital _ 4,000,000

4,000,000

Public Works:

Improvements to Harbours and Rivers 1,200,000

S Country Areas and Towns Water Supplies ... ._. 5,800,000

9 Sewerage for Country Towns 700,000

10 Irrigation and Drainage 1,300,000

11 Kununurra Township Development .... .... • 40,000

12	Hospital Buildings, including furniture and equipment	1,000,000
13	Public Health Buildings, including furniture and equip-
600,000
14	Mental Health Buildings, including furniture and

equipment 200,000

15	School Buildings, including furniture and equipment ....	2,000,000
16	Police Buildings, including furniture and equipment ....	1,000,000
17	Community Welfare Buildings, including furniture and

equipment 1.00,000

18           Other Public Buildings, including furniture and equip-

ment 1,000,000

19 Salaries and Incidentals 3,500,000

18,440,000

Metropolitan Water Supply, Sewerage and Drainage Board:

20 Capital 11,000,000

11,000,000

Mines:

21 Development of Mining 50,000

50,000

Housing:

22 State Housing Commission—Capital 21,000,000

21,000,000

Forests:

23           Pine Planting, Purchase of Land and Forest Regenera

1,500,000

1,500,000

Fisheries:

24 Fisheries Research and Conservation .... 50,000

50,000

Development and Decentralisation:

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

250,000

No. 106.] Loan. [1972.

THE FIRST SCHEDULE—continued.

Provision

No. Work or Service

Total of

Amount Group

S

Government Printing Office:

20 Purchase of equipment . 150,000

150,000

Other State Undertakings:

27	Bunbury Port Authority	400,000
23	Fremantle Port Authority	500,000
29	Port Hedland Port Authority	750,000
30	Metropolitan (Perth) Passenger Transport Trust	400,000
31	Midland Junction Abattoir Board	900,000

32 Murdoch University .. 400,000

33 West Australian Meat Export Works .... 200,000

34 Western Australian Institute of Technology .... 350,000

3,900,000

Sundries:

35 Loan Flotation Expenses and Discounts 250,000 250,000

GRAND TOTAL 67,090,000

THE SECOND SCHEDULE.

Reappropriation from, referred to in Section 6.

Amount Amount Re-

Original Work or Service to which originally

No. Appropriation on Original appropriated

Appropriated

on Loan Work Loan Schedule under this Act

Public Works

S S

1 70 of 1971 .. Native Welfare Buildings including

Furniture and Equipment	1,000,000	356,305 356,305
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 S

Community Welfare Buildings including Furniture and Equipment	356,305
356,305