Loan Act (No. 3) 1924 (Cth)

LOAN (No. 3).

No. 44 of 1924.

An Act to authorize the Raising and Expending of certain Sums of Money.

[Assented to 20th October, 1924.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1.This Act may be cited as the Loan Act (No. 3) 1924.

Authority to borrow £850,000.

2.The Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911–1918, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Eight hundred and fifty thousand pounds.

Purpose for which money may be borrowed.

3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes of appropriations made or to be made by law.

Issue and application of £818,500.

4.There may be issued and applied out of the proceeds of any Loan raised under the authority of any Loan Act, including the present Act, the sum of Eight hundred and eighteen thousand five hundred pounds for the purposes set forth in the Schedule to this Act.

SCHEDULE.

 

Under Control of Home and Territories Department.			£
Land at Fairy Meadow, New South Wales............................................................			18,500
Land for Post and Telegraph purposes..................................................................			10,000
Total Under Control of Home And Territories Department.....................			28,500
Under Control of Home and Territories Department; Department of Works and Railways, and Health Department.
£
Works, services, and acquisition of land in Federal Capital Territory	108,000
(All receipts from the Federal Capital Territory to be credited to this vote.)
Deduct estimated receipts.........................................................	8,000
100,000
Carried forward.................................................		128,500

 

Schedule—continued	£
Brought forward..............................................................		128,600
Under Control of Department of Works and Railways.
buildings for POSTMASTER-GENERAL’S department.
New South Wales.
Additions and Alterations.—Adamstown, Alstonville, Barmedman, Barraba, Bellata, Bundarra, Canterbury, Chatswood, Cobargo, Coonamble, Cumnock, Eden, Edgecliff, Grafton, Harden, Kempsey, Manilla, Mendooran, North Strathfield Pole Yard, Orange, Scone, St. Mary’s, Springwood, Sydney City North, Taree, Temora, Urana, Woodstock.............................................................................................................. New Buildings.—Bankstown, Barellan, Bexley, Blackheath, Branxton, Carlton, Comboyne, Cremorne, East Balmain, Kandos, Lane Cove, Maroubra, Merewether, Millthorpe, Neutral Bay, Newcastle Garage, North Sydney Garage, Port Kembla, Smithtown, Stanmore, Strawberry Hills, Wardell, Wentworthville, Wentworth Falls, Woy Woy, Yanko  Sundry Offices.—For works costing not more than £300 in each case..............	31,600
Victoria.
Additions and Alterations.—Beaufort, Cobram, Coburg, Coleraine, Melbourne General Post Office, Penshurst, Sunbury, Tatura, Terang, Werribee............................... New Buildings.—Burnley, Derrinallum, Drysdale, Elwood, Ferntree Gully, Koo-wee-rup, Marnoo, Melbourne (City Telephone Exchange), Murrayville, Nyah West, Pakenham East, Trentham, Yallourn, Yarragon................................................................. Sundry Offices.—For works costing not more than £300 in each case..............	18,130
Queensland.
Additions and Alterations.—Barcaldine, Brisbane General Post Office, Gayndah, Rockhampton, Rosewood, Toowoomba.................................................... New Buildings.—Beenleigh, Blackall, Goondiwindi, Helidon, Indooroopilly, Julia Creek, Kirra, Kynuna, Lutwyche, Marburg, Maxwelltown, Newmarket, Prairie, South Brisbane, South Johnstone, Spring-sure, St. George, Wooloongabba Pole Depot, Wowan  Sundry Offices.—For works costing not more than £300 in each case..............	20,870
South Australia.
Additions and Alterations.—Ardrossan, Auburn, Bordertown, Clare, Gladstone, Jamestown, Kadina, Mallala, Minlaton, Morgan, Narracoorte, Nuriootpa, Port Pirie, Riverton, Saddleworth........................................................................................... New Buildings.—Brinkworth, Bute, Eudunda, Ironknob, Kimba, Port Victoria Sundry Offices.—For works costing not more than £300 in each case..............	10,400
Western Australia.
Additions and Alterations.—Bridgetown, Bunbury, Busselton, Merredin New Buildings.—Balingup, Beadon, Denmark, Jarnadup, Koudinin, Kulin, Lake Grace, Mundaring, Trayning.............................................................................. Sundry Offices.—For works costing not more than £300 in each case..............	4,000
Tasmania.
Additions and Alterations.—Bellerive, Hobart General Post Office, Penguin... New Buildings.—Cygnet, Smithton, Triabunna.............................................. Sundry Offices.—For works costing not more than £300 in each case..............	5,000
Total under control of Department of Works and Railways.................	90,000
Under Control of Postmaster-General’s Department
Construction and extension of telegraphs and telephones, also construction of conduits and laying wires underground....................................................................	600,000
Total............................................................................	£818,500