Loan Act of 1894 (No 2) (NSW)
| tive Assembly of New South Wales in Parliament assembled, and by the advice and consent of the Legislate Council and Legisla the authority of the same, as follows :— | BE it enacted by the Queen's Most Excellent Majesty, by and with | |
|
No. XIV.
An Act to authorise the raising of a Loan for the Public Service of the Colony, and for
other purposes. [22nd December, 1894.]
thousand and twelve pounds, as are respectively set against the
following Public Works and Services, that is to say :—
PERMANENT AND REPRODUCTIVE WORKS.
M I L I T A R Y AND D E F E N C E "\VOBKS—Purchase of Land for Military-
purposes at Bondi.. . ... ... ... ... ... ... £1 ,257 0 0
P U B L I C WHARFS—Resumption of Land for construction of Public
Whar f s - fu r the r sum 22,000 0 0 R A I L W A Y S —
Towards Improvement of Grades and Curves 25,000 0 0 Additions to Lines, Stations, and Buildings ; for Rolling Stock and other purposes,
including providing safety appliances—
further sum 70,000 0 0
85,000 0 0
R A I L W A Y CONSTRUCTION B R A N C H — Cootamundra to Temora Railway—further
sum " 21,000 0 0
Marrickville to Burwood Road Railway— further sum ...
51,000 0 0
Milson's Point Extension—further sum ... 35,000 0 0 Railway Trial Surveys—further sum 0,000 0 0
• 116,600 0 0
H A R B O U R S AND R I V E R S B R A N C H —
Naval Stations, Sydney Harbour—further sum 15,000 0 0
Newcastle Harbour Improvements—further
sum 10,000 0 0
Manning River Improvements ... ... 17,000 0 0
Goods Shed on Eastern side of Circular Quay 2,200 0 0 Wharf on Eastern side of Woolloomooloo Bay 2,000 0 0 Bellinger River Improvements—further sum 4,000 0 0
Trial Bay Harbour Works—further sum ... 7,000 0 0 Elood Belief Works, Richmond River, via
Evans River 10,000 0 0 Tweed River, Improvements—further sum ... 5,000 0 0 Country Towns Water Supplies—further sum 100,000 0 0 Centennial Park Reservoir 83,000 0 0
Reclamation and Dredging, including cost of resumption of land, Ac.—further sum
...
74,000 0 0
320,200 0 0
GOVERNMENT A R C H I T E C T —
Justice Department—Additions ... ... 4,500 0 0 Kenmore Hospital for Insane — towards
Erection 30,000 0 0 Colonial Secretary's Office—Additional Ploor 8,000 0 0 Mint—Renewal of Machinery and Buildings 5,000 0 0
Treasury Strong Room—Erection—further
sum " 1,000 0 0
48,500 0 0
METROPOLITAN BOARD OF W A T E R S U P P L Y AND S E W E R A G E —
Reticulation (Wate r ) , Supply of Meters, Water Main Extensions, and other urgent works...
80,100
0
0
Smithfield Water Supply 2,800 0 0
Liverpool Water Supply—Extension ... 500 0 0 Erection of Buildings and Depots, Prospect,
and Meter-testing Branch, Crown-street
Reservoir ... ' 3,000 0 0
Supplementary Tank at Hurstville 3,000 0 0 Gordon Water Supply 15,000 0 0
Richmond Water Supply ... ... ... 500 0 0
113,000 0 0
ROADS AND BRIDGERS B R A N C H — Bridges—
Iron Bridge, Kangaroo River, Kangaroo Valley, Moss Vale
...
6,000
0
0
Bridge, Murrumbidgee River, at Wagga Wagga —further sum
...
...
2,000 0 0
8,000 0 0
Carried over ... . . . £734,457 0 0
Brought over £734,157 0 0
S E W E R A G E —
Storm-water Sewer, Brickfield Creek, Parra-
matta 4,020 0 0 Storm-water Sewer, North Sydney—
Willoughby Falls Creek ... ' . . . £3 ,500 Careening Cove ... ... ... 1,500
Euroka Creek ... ... ... 2,500 7,500 0 0
Storm-water Sewer, Rockdale Creek ... ... 970 0 0 Storm-water Sewer, Newcastle District Pas
turage Reserves Drainage ... ... .... 12,000 0 0
Resumption of Land, North Sydney 10,000 0 0 34,490 0 0
W A T E R CONSERVATION AND IRRIGATION—Construction of Works in
connection with Water Conservation, Distribution, Drainage, Public Watering Places, Artesian Boring, and expenditure incidental thereto ... 95,000 0 0
Total, Permanent and Reproductive Works £863,917 0 0 OTHER WORKS.
To be paid out of the Consolidated Revenue in thirty years, by means
of an Annual Sinking Fund.
| M I L I T A R Y | AND | D E F E N C E | W O R K S — |
Magazine and Torpedo Vessel Depot, Bradley's
Head £25 ,000 0 0 Defence Works, Armaments, &c 20,000 0 0
Defence Works generally . . . ... ... 3,430 0 0 48,430 0 0
F O R Local Land Board and District Surveyors' Offices (including
sites) 10,000 0 0
| H A R B O U R S | AND R I V E R S | BRANCH—Conversion | of | Crab | Dredge |
" Sigma" into a Sand-pump Dredge ... ... ... ... 6,500 0 0
| GOVERNMENT | A R C H I T E C T — |
Additions to Lands Offices at Goulburn and
Grafton 1,825 0 0 Clarence Heads Pilot Station—Erection—
further sum 1,000 0 0
Corowa Custom House—Erection—further
sum 750 0 0
Lismore Police Lockup ... ... ... 2,000 0 0
Gaols— Maitland Gaol—Additions 1,200 0 0 Mudgee Gaol—Additions 1,200 0 0 Wilcannia Gaol—Additions 1,500 0 0 Court Houses—
Wes t Maitland Court House—Erection—
further sum 5,700 0 0 Milparinka Court House—Erection—further
sum 000 0 0
Nowra Court House—Erection—further
sum 2,300 0 0
Boggabilla Court House—Erection . . . 550 0 0
Bowral Court House—Erection 1,000 0 0 Greta Court House—Erection 1,500 0 0
Katoomba Court House—Erection ... 2,300 0 0 Lithgow Court House—-Additions... ... 800 0 0
Milton Court House—Erection 1,050 0 0
Moulamein Court House—Erection ... 950 0 0 Parramatta Court House and Police Build
ings—Erection 13,300 0 0
Cootamundra Court House—Additions ... 600 0 0
Drake Court and Watch House—Erection 1,000 0 0
Carried over £41 ,725 0 0
Carried over £61 ,930 0 0
Brought over £64 ,930 0 0
GOVERNMENT ARCHITECT—continued.
Brought over £ 4 1 , 7 2 5 0 0
Erection of and additions to Post and Tele
graph Offices at Adamstown, Homebush, Annandale, Campordown, Enngonia, Glen
Lines, Miiani. Moree. Parramatta North,
Parramatta, North Sydney. Robertson,
Wagga Wagga, and at minor towns ... 17,500 0 0 Erection of and additions to Police Buildings,
A c , at Broadwater. Kogarah, Fernmount,
Murrumburrah, Penrith, Rylstone, Sofala,
Berry, Darliughurst, Pambula, Surry Hills, Til pa, Tumut. Alexandria, Coonamble,
Orookwell, Laysdale, Forbes, Gorogery, Jindera, Kyamba, Maclean, Marrickville, Marsden, Moruya, Mount Drysdale,Trundle, Tweed River Heads, Yandarlo, Cumnock,
Mathoura 28,910 0 0
— 88,135 0 0
DEPARTMENT OF M I N E S AND A G R I C U L T U R E — Forest Branch—For thinning out and otherwise improving
Forest Reserves 25,000 0 0 Agricultural Branch—Agricultural Colleges and Experimental
Stations—further sum 20,000 0 0
Total, Other Works .. £19S,065 0 0
TOTAL £1,002,012 0 0
2. Any Stock issued within the Colony under this Act shall, as
1o a sum not exceeding eight hundred and sixty-three thousand nine
hundred and forty-seven pounds, he styled ' ' New South Wales Funded Stock," and shall run pari passu and be redeemable concurrently with the Stock issued under the provisions of the " Funded Stock Act of
1892," and shall, if sold otherwise than by tender, be purchasable at the
Treasury upon any lawful day ; and, as to a sum not exceeding One hundred and ninety-eight thousand and sixty-live pounds, shall be styled "New South Wales 1924 Stock," and shall be redeemable on the thirty-first day of December, one thousand nine hundred and twenty- four, by means of a Sinking Fund, for the purpose of which a sum of not
exceeding Six thousand six hundred and two pounds three shillings
and four pence shall be set apart out of the Consolidated Revenue Fund, annually, upon the thirty-first day or December in each year, com
mencing with the thirty-first day of December, one thousand eight hundred and ninety-five, until the date of redemption ; and such Stock shall, if sold otherwise than by tender, be purchasable in like manner as the Stock hereinbefore mentioned. 3. The Governor may make regulations for dealing with the
Sinking Fund established by the last preceding section, and may
appoint Commissioners.
4. The provisions of the ' 'Funded Stock Act of 1 8 9 2 " relating to the dates for the payment of interest and the method of inscription and transfer of Stock, and the regulations under such Act, and the forms prescribed in the said regulations, are hereby declared to be applicable to, and shall be followed and used, mutatis mutandis, in
connection with, all Stock issued within the Colony under the pro
visions of this Act.5. All moneys borrowed under this Act shall be paid to the
Treasurer and shall be by him carried to and form part of The General Loan Account, and be appropriated and applied, as required, to the works and services hereinbefore specified, or to any other duly authorised Loan Services, in terms or the " Loans Fund Amalgamation
Act of 1879 ."
6. The Treasurer shall pay the said several sums for the purposes hereinbefore mentioned, in such manner and in such proportions as the Governor, by warrant under his hand, addressed to the Treasurer, may from time to time order and direct. And the pay ments so made shall be charged upon and payable out of the sums applicable to those purposes.
7. The Treasurer shall, in his accounts from time to time, be allowed credit for every sum of money paid by him in pursuance of such warrant or order in writing as aforesaid. And the receipt of any person to whom the same has been so paid shall be a full and valid discharge to the Treasurer in passing his accounts for each sum therein mentioned, and he shall receive credit for the same accordingly.
8. Debentures or stock sold or issued under this Act are hereby declared to be for all purposes Government Securities; and
all corporations and other persons whatsoever shall have power to
invest in the purchase of such Debentures and Stock any property held by them, whether as trustees or otherwise, which they are not
expressly forbidden to invest in Government Stock or Securities, with
out on that account being liable as for a breach of trust or incurring any liability whatsoever, provided that such investment is in other respects reasonable and proper.
9. I n this Act the expression " Governor " means the Governor with the advice of the Executive Council, the expression " Treasurer"
means the Colonial Treasurer for the time being, and the expression
;
' Stock " means Inscribed or Funded Stock.
10. This Act may be cited as the " Loan Act of 1891 (No. 2 ) . "
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