Loan Act 1978 (WA)

WESTERN AUSTRALIA.

LOAN.

No. 116 of 1978.

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

[Assented to 12th December, 1978.]

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, 1978.

No. 116.] Loan. [1978.

Power to

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 Eighty Four Million Five Hundred Thousand Dollars, as may be required for the several works and purposes mentioned in the Schedule to this Act.

raise money 2.

for certain

purposes.

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 Schedule.

how to 3.

applied.

Principal

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

and interest 4.

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, 1977, 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 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.

1978.]	Loan.	[No. 116.
THE SCHEDULE

Provision

No. Work or Service Total of

Amount Group

Agriculture: S $

1 Agricultural Development .. 100 000

100 000

Forests:

2 Forestry Development 2 500 000

2 500 000

Public Works:

Engineering and Associated Works:

3 Improvements to Harbours and Rivers .... 5 000 000

4 Country Areas and Town Water Supplies .... 6 300 000

5	Country Towns Sewerage	....	....	....	....	2 300 000
6	Irrigation and Drainage	....	....	....	....	1 200 000

7               Refund to Consolidated Revenue Fund on account

of Administrative Costs—Engineering Works 300 000

15 100 000

Public Works:

Buildings and Associated Works, including Furniture

and Equipment:

8 Hospitals .... .... .... .... 38 000 000

9 Mental Health Services 1 000 000

10 Schools .... .... .... 4 400 000

II Police Department .... ... .... 2 000 000

12	Community Welfare Department ....	....	300 000
13	Department of Corrections

14 Public Buildings not otherwise provided for .... 2 300 000

15               Refund to Consolidated Revenue Fund on account

of Administrative Costs—Public Buildings .... 1 200 000

50 200 000

Treasury:

16 Government Printing Office .... .... 300 000

300 000

Business Undertakings:

17 Metropolitan (Perth) Passenger Transport Trust .... 700 000

18           Metropolitan Water Supply, Sewerage and Drainage

10 700 000

Housing Authorities:

19 Government Employees' Housing Authority .... 2 000 000

20          Industrial and Commercial Employees' Housing

400 000

2 400 000

Port Authorities:

21 Albany Port Authority .... 1 600 000

22	Sunbury Port Authority	...............	600 000
23	Fremantle Port Authority	....

3 200 000

GRAND TOTAL .... .... .... 84 500 000