Loan Act 1976 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 147 of 1976.

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

[Assented to 13th December, 1976.]

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

Loan Act, 1976.

2.    It shall be lawful for the Governor, from time i7iwseerigle

to time, to raise by way of such loan several sums m=in	y
of money, not exceeding in the whole the sum of

No. 147.] Loan. [1976.

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

Sums raised,

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 First Schedule.

how to be 3.

applied.

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, 1975, 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

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. 5.

6. It shall be lawful for the Governor to

appropriation '

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 six million four hundred and eighty-nine thousand two hundred and thirty-eight dollars to be expended on the works and purposes named in the Third Schedule hereto.

1976.] Loan. [No. 147.

THE FIRST SCHEDULE.

Provision

No. Work or Service

Amount Total of Group

$ $

I Agriculture:

Agricultural Development 300 000

300 000

2 Forests:

Forestry Development .... 2 000 000

2 000 000

3 Mines:

Mining Development .... 100 000

WO 000

Public Works:

Engineering and Associated Works

4	Improvements to Harbours and Rivers	....	2 600 000
5	Country Areas and Towns Water Supplies	12 000 000

6	Country Towns Sewerage	....	....	....	1 000 000
7	Irrigation and Drainage	...	....	....	1 600 000

3 Kununurra Townsite Development .... .... 50 000

9                Refund to Consolidated Revenue Fund on account

of Administrative Costs—Engineering Works .... 1 000 000

18 250 000

Public Works:

Buildings and Associated Works, including furniture

and equipment-

10 Public Health Department .... 800 000

11 Mental Health Services .... 1 000 000

12 Schools .... .... .... 5 000 000

13 Police Department .... .... 500 000

14 Road Traffic Authority .... .... 200 000

15	Community Welfare Department ....	....	200 000
16	Department of Corrections	200 000

17                Refund to Consolidated Revenue Fund on account

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

9 500 000

Railways:

18	Additions and Improvements to Opened Railways	..	14 000 000
19	Rolling Stock	2 500 000

20	Standardisation of Gauge—Kalgoorlie to Kwinana ....	100 000
21	Construction and Upgrading of Eneabba-Dongara-

Geraldton Branch .... .... .... .... .... 2 500 000

19 100 000

Treasury:

22	Advances to Sundry Bodies	....	....	200 000
23	Government Printing Office	....	....	200 000

24 Loan Flotation Expenses and Discounts 250 000

25 Rural and Industries Bank .... .... 300 000

950 000

No. 147.] Loan. [1976.

THE FIRST SCHEDULE—continued.

Provision

No. Work or Service

Total of

Amount Group

$ $

Business Undertakings:

26 Metropolitan (Perth) Passenger Transport Trust .... 3 000 000

27         Metropolitan Water Supply, Sewerage and Drainage

28         State Energy Commission

35 000 000

Housing Authorities:

29 Government Employees Housing Authority .... 2 500 000

30 Industrial and Commercial Housing Authority 400 000

2 900 000

Port Authorities:

31 Albany Port Authority .... 500 000

32 Bunbury Port Authority .... 1 500 000

33 Fremantle Port Authority 500 000

34 Geraldton Port Authority 1 700 000

4 200 000

Other Authorities:

35 Industrial Lands Development Authority 500 000

500 000

GRAND TOTAL 92 800 000

THE SECOND SCHEDULE.

Reappropriation from, referred to in Section 6

Original Amount on Amount

No. Appropriation Work or Service to which Original Reappropriated

on Loan originally Appropriated Loan under this

Work Schedule Act

$ $

Public Works

1	112 of 1973	Perth Medical Centre	3 000 000	1 824 897
87 of 1974	3 000 000	3 000 000
114 of 1975	1 200 000	1 200 000

Business Undertakings

2	106 of 1972	Midland Junction Abattoir Board ....	900 000	59 991
112 of 1973	200 000	200 000
3	106 of 1972	West Australian Meat Export Works	200 000	104 350
112 of 1973	100 000	100 000

Total 6 489 238

1976.] Loan. [No. 147.

THE THIRD SCHEDULE.

Reappropriation to, referred to in Section 6

Amount

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

Public Works

Hospitals ... 6 024 897

Business Undertakings

2 Western Australian Meat Commission 464 341

Total .. 6 489 238