Loan Act 1974 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 87 of 1974.

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

[Assented to 10th December, 19741

RE it enacted by the Queen's Most Excellent

Majesty, by and with the advice and consent

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 tale.

Loan Act, 1974.

2.    It shall be lawful for the Governor, from time Power to

of money, not exceeding in the whole the sum of Purposes.	to time, to raise by way of such loan several sums 1;aorsceenrrainey
sixty million and four hundred and fifty thousand

No. 87.] Loan. [1974.

dollars, as may be required for the several works and purposes mentioned in the Schedule to this Act.

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 Schedule.
applied.
Principal	4. The principal moneys, and interest thereon, pan passu with the principal moneys and interest raised and secured by the Stock created and sold under the Loan Act, 1973, 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.

irest

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

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.

1974.]	Loan.	[No. 87.
THE SCHEDULE.

Provision

No. \ York or Service

Total of

Amount

Group

S S

Agriculture :

1 Agricultural Development 300 000

300 000

Development and Decentralisation :

Industrial Development .... 200 000

200 000

Fisheries and Fauna :

3 Fisheries and Fauna Department 100 000

100 000

Forests :

4 Forestry Department 2 300 000

2 300 000

Mines :

Mining Development .... 50 000

50 000

Public Works :

Engineering and Associated Works

6	Improvements to Harbours and Rivers	....	1 700 000
Country Areas and Towns Water Supplies ....	7 000 000

8 Country Towns Sewerage .... 1 200 000

9	Irrigation and Drainage	600 000
10	Kununurra Townsite Development	150 000

11 Refund to Consolidated Revenue Fund on account of

Administrative Costs—Engineering Works 3 500 000

14 150 000

Public Works :

Building and Associated Works. including furniture

and equipment

12 Hospitals 4 000 000

13	Perth Medical Centre	....	3 000 000
14	Schools	1 000 000

15 Community Welfare Department .... 200 000

16	Public Buildings not otherwise provided for	200 000
17	Refund to Consolidated Revenue Fund on account of

Administrative Costs—Public Buildings .... 1 600 000

10 000 000

Railways :

18 Additions and Improvements to Opened Railways 3 500 000

19   400 000

20           Construction and Upgrading of Eneabba-Dongara-

Geraldton Branch . 3 750 000

7 650 000

Treasury :

No. 87.] Loan. [1974.

THE SCHEDULE—continued.

Provision

No. Work or Service

Total of

Amount Group

Business Undertakings :

23           Metropolitan Water Supply, Sewerage and Drainage

Board 15 000 000

24 State Electricity Commission .... 5 000 000

25 Western Australian Coastal Shipping Commission 500 000

90 500 000

Housing Authorities :