Loan Act of 1900 (NSW)

Act No. 60, 1900.

An Act to author ise the ra is ing of a loan for the Publ ic Service of the Colony, and for other purposes. [3rd December, 1900.]

Assembly of New South Wales in Par l iament assembled, and by the	BE it enacted by the Queen 's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative
author i ty of the same, as follows:—

1 . I t shall be lawful for the Governor to raise by the sale of

Debentures or the issue of Inscribed Stock, secured upon the Consoli­ dated Revenue F u n d of the Colony, and bearing interest at a ra te not exceeding four per centum per annum, such sums of money not exceed­
ing in the whole the sum of Two million seven hundred and three
thousand three hundred and eighty-five pounds, as a re respectively set

against the following Public Works and Services, that is to say:—

P E R M A N E N T A N D R E P R O D U C T I V E W O R K S .

H O S P I T A L S —

Sydney	Hosp i ta l—Addi t ions ,	&c,	towards	£6,000	0	0
P r i n c e	Alfred	Hosp i ta l—Addi t ions ,	&c, towards	0,000	0	0

N o r t h Shore Hosp i t a l—New Building, towards . . . . . . 10,000 0 0

Coun t ry and Suburban Hospi ta l s—Towards erection of New

Bui ld ings to meet demand for increased accommodation . . 11,000 0 0

33,000 0 0

F I K E	BRIGADES—
P u r c h a s e of Land for extension of .Metropolitan Head Sta t ion . . 15,000 0 0
Si tes for and Erect ion of Suburban F i r e S ta t ions . . . . . . 3,000 0 0

18,000 0 0

DARLING HARBOUR R E S U M E D A R E A S — T o provide for Erection Addi t ions and Improve­

ments to Wharfs , Bui ld ings . Streets , and Lanes . . . . . . . . . . 100 000 0 0

R A I L W A Y S —

Rol l ing Stock to meet Addi t iona l Traffic and for New Lines . . 150,000 0 0

2 F

Addi t ions to Rai lway Lines , S ta t ions , Bui ld ings , Workshops, and

for other purposes . . . . . . . . . . . . . 100,000 0 0

Reduc t ion of Grades , N o r t h Coast Line, between Morisset and

Adamstown . . . . . . . . . . . . . . . 70,000 0 0

320,000 0 0

T R A M W A Y S —

Addi t ions to Power-house, S team and Electr ical Machinery, and

the provision of Sub-electrical S ta t ions , &c. . . . . . . 253,000 0 0

Overhead W i r i n g , Feeders . Rai l -bonding, &c. .	. .	. .	. .	53,200	0	0
Addi t ional Cars and Car-sheds	100,000	0	0

Towards amoun t required to pu t the Tar rawingee T r a m w a y in

working order, and necessary improvements . . . . . . 5,000 0 0

Towards Dupl ica t ion of Ex i s t i ng Lines—Sydney-Balmain and

other Lines	20,000 0 0
• 431,200 0 0

Car r i ed over £902,200 0 0

B r o u g h t over £902,200 0 0

LANDS—Towards Clear ing or otherwise improving Crown Lands . . . . . . . . 25,000 0 0

ROADS AND B R I D G E S —

Punts—

New F e r r y P u n t for Sou th Arm, Bel l inger River ; New S team

F e r r y Relief P u n t , U lmar r a P u n t ; P u n t s generally . . . . 4,000 0 0

Bridges—

Br idge over Wollondil ly River at H i l l ' s ; B r idge over M u r r u m -

bidgee R ive r a t TJriarra F e r r y ; Br idge over Beardy River

a t	Yarrowford ,	M a i n	N o r t h e r n	R o a d ;	Br idge	over	M u r r u m -
bidgee	River	a t	Mi t t agong ,	Road	Cooma	to	M u r r u m b u c c a ;

B r i d g e over M a n a r Creek, Road Braidwood to T a r a g o ; Br idge over Nepean River a t Ha rvey ' s Crossing — fur ther s u m ; Br idge over M'Donald River a t St . A l b a n s ; Br idge over Wyong Creek a t Wyong, Road W y o n g to Tuggerah , &c.; Br idge over H a s t i n g s River a t Cameron 's Fal ls , Road Wauchope to Beeehwobd; Br idge over Glennie 's Creek a t Middle Falbrook, Road Glennie 's to Camberwell and Goorangoola R o a d ; Br idge over F i s h River a t Delayney 's

Fa l l s , inc lud ing Road Approach (Road T a r a n a to J e n o l a n ) ;

B r idge at Lusk in ty re , H u n t e r R i v e r ; Br idge over Mac-

donald River , Road Walcha to N i a n g l a ; Br idge a t H a y ,

Mur rumbidgee River , improvements ; Gol Gol B r i d g e ;

Br idge over Mur rumbidgee River at D a r l i n g t o n ; Br idge a t en t r ance to Fenne l Bay, inc luding approaches, Road Tera lba to T o r o n t o ; Br idge Lachlan River a t Darby ' s

F a l l s ; Br idge Lach lan River a t Goolagong; Br idge over

Qu i r i nd i	Creek	a t	Hami l ton ' s ,	Road	Qui r ind i	to	Wal la-
b a d a h ;	Br idge	over	Macquar ie	R ive r	a t	Scabbing	F l a t ,
near We l l i ng ton ;	I r on or Steel Br idges	generally	. .	. .	00,000	0	0

64,000 0 0

HARBOURS AND R I V E R S —

W h a r f s and Je t t i e s—Queen ' s Wharf , Newcas t le—recons t ruc t ion ;

Wharf , Brewar r ina , D a r l i n g R i v e r ; Wharf, T a t h r a ; J e t t i e s

and Sheds for F e r r y Boats , F o r t Macqua r i e—Eas t S i d e ;

Wharf , Man ly—Recons t ruc t ion ; Whar f s , Su the r l and Dock,

Cockatoo I s l a n d ; Whar f s and Je t t i e s generally . . . . 10,000 0 0

Sea Wal ls , Rec lamat ion , Dredg ing , and other W o r k s ; L a n d i n g

Si l t from Sand P u m p s and other Dredges, F o r m i n g Ground , and Special Dredg ing and Appl iances ; Cook's River and Shea 's Creek ; Road along R u s h c u t t e r Bay Rec l ama t ion ;

N o r t h H a r b o u r , Newcas t l e—Reclamat ion ; Long Cove Recla­

mat ion ; Works general ly . . . . . . . . . . . . 35,000 0 0

Carr ied over £45,000 0 0

Car r ied over £991,200 0 0

B r o u g h t over €991,200 0 0

HARBOURS AND R I V E R S — c o n t i n u e d .

Brough t over £45,000 0 0

Dredge and F e r r y Docks—Richmond R i v e r ; F e r r y Dock and

Roadway, Dawes ' P o i n t ; Works generally 8,000 0 0

Dredges,	Tugs ,	P u n t s ,	and	Barges—Iron	Hopper	Barge	for
Dredge	" H u n t e r	" ;	P u n t s	for	H a r b o u r	Improvement	W o r k s ;

Screw T u g S teamer for Dredge Serv ice ; Two Ash P u n t s

for Nava l S t a t i o n ; Works generally 15,000 0 0

P o r t Kembla H a r b o u r Improvements—fur the r sum . . . . . 40,000 0 0

Improvements , H a s t i n g s River—fur ther sum . . . . . . . 7,000 0 0

Improvements , Tweed River—fur ther sum . . . . . . . . 5,000 0 0

Improvements , Lavender Creek, Murwi l lumbah , Tweed River . . 3,000 0 0

Improvements , Clarence River . . . . . . . . . . . . 15,000 0 0

Improvements , Richmond River ( inc lud ing Snagging , Removal

Reefs a t Woodburn , Tra in ing-wal l s and Dredging, Coraki

and Warde l l ; Protect ion of River Banks, Buckendoon) . . 10,00 0 0

Improvements , M a n n i n g	River	. .	. .	. .	. .	. .	. .	7,000	0	0
Improvements , Macleay	River	. .	. .	. .	. .	. .	. .	7,000	0	0

Improvements , Bellinger River . .	. .	. .	. .	. .	. .	7,000	0	0
Improvements , Camden Have n . .	. .	. .	. .	. .	. .	4,000	0	0

Improvements , D a r l i n g and Murrumbidgee Rivers ( snagging and

clear ing) . . 10,000 0 0

Improvements , P a r r a m a t t a River . . . . . . . . . . 4,000 0 0

Improvements , Moruya	River	. .	. .	. .	. .	. .	. .	2,000	0	0
Improvements ,	Cape	l l a w k e	( E n t r a n c e )	. .	. .	. .	. .	5,000	0	0

Improvements , Lake M a c q u a r u — f u r t h e r sum . . . . . . 1,000 0 0

Improvement s at Newcas t le—Ocean Beach Reserve ; ext ra Moor ing

Accommodat ion ;	Removal	Wrecks	at	E n t r a n c e	. .	. .	7,500	0	0
Improvements ,	Crookhaven	River	( E n t r a n c e )	. .	. .	. .	2,000	0	0

Improvements ,	Ci rcular	Q u a y — E a s t	s ide;	at	Or ient	Company's
W h a r f ;	Wood-blocking;	Elec t r ic	L i g h t i n g	13,450	0	0

Wollongong H a r b o u r Works 1,000 0 0

D a r l i n g H a r b o u r Whar f Extens ion and Land Resumpt ion—fur the r

sum	20,000	0	0
F i t z roy Dock—Extens ion , Appliances, and other Improvements . .	10,000	0	0
Extension- of Workshops, and providing ext ra Machinery and

Tools—Newcast le	5,000 0 0
Cons t ruc t ion of Works to prevent Erosion of Shore at Byron Bay	5,000 0 0

Coun t ry Towns W a t e r Supply—fur ther sum . . . . . . . . 25,000 0 0

Fo r purchase of s teamer to replace " T h e t i s " — f u r t h e r sum . . 10,000 0 0

293,950 0 0

GOVERNMENT A R C H I T E C T —

Pol ice Bui ld ings—Leadvi l le , Alstoneville, Kangaroo Valley,

B u r r a g a , Ner r iga , Woolabra, Walcha , J u n e e , Hornsby , Bega,

N a r r a n d e r a , Wagga , Ner r igundah , Kens ington , Wolumla ,

Lockhar t (and Cour t - room) , Bombala , Ba t eman ' s Bay,

Bowning , Pol ice Bui ld ings general ly . . . . . . . . 10,000 0 0

Court-houses—Braidwood, Dar l inghurs t , P o r t Macquar ie , Coota-

m u n d r a , Broken Hi l l , Supreme Cour t , Inverel l , M u r r u r u n d i ,

Moss Vale ( inc lud ing s i te ) , Court-houses generally . . . . 8,000 0 0

Car r ied over £18,000 0 0

Car r i ed over £1,285,150 0 0

B r o u g h t over £ 1 , 2 8 5 , 1 5 0 0 0

GOVERNMENT A R C H I T E C T — c o n t i n u e d .

B r o u g h t over £18,000 0 0

Gaols Genera l ly—Addi t ions and Elec t r ic L igh t ing . . . . . . 5,000 0 0

Pos t and Telegraph Offices—Erection and Addi t ions—Milpar inka ,

Newcast le ( fur ther s u m ) , Orange , Ul t imo, Bul ladelah ,

Invcrel l , Wel l ington, Pos t and Telegraph Offices general ly . . 19,700 0 0

Genera l Pos t Office—Additions, Lif ts and F i t t i n g s — f u r t h e r sum 0,425 0 0

Benevolent Asy lums—Addi t ions and Elec t r ic L igh t ing—Newing-

ton, Liverpool, Rookwood, Asylums general ly . . . . . . 15,000 0 0

I n s t i t u t i o n s for In sane—Addi t ions and Elec t r ic L igh t ing Glades-

ville, Rydalmere , P a r r a m a t t a , Kenmore, Newcast le and

N o r t h e r n Dis t r i c t s Recepton House , I n s t i t u t i o n s general ly 10,000 0 0

Na t iona l A r t Gal le ry—Addi t ions—fur ther sum 15,000 0 0

T reasu ry Bui ld ings—Addi t ions—fur the r sum . . . . . . 2,000 0 0

Cus tom House Bui ld ings—Addi t ions—fur the r	sum	. .	. .	. .	3,000	0	0
Royal Min t , Sydney—Addi t ions—fur ther	sum	. .	. .	. .	1,000	0	0

Crown Law Offices, Macquar ie -s t ree t—Addi t ions . . . . . . 4,000 0 0

Government House—Renewal of Bu i ld ing . . . . . . . . 1,500 0 0

Bo tan ic Gardens—Bui ld ings and Improvements—fur the r sum . . 1,000 0 0

" Sobraon," N a u t i c a l School Sh ip—Elec t r i c L igh t and other

Works—fur the r sum . . . . . . . . . . . . 550 0 0

E x t r a L i g h t i n g P l a n t and Bui ld ings , Cent ra l E lec t r ic L igh t

S ta t ion , Sydney 3,500 0 0

Sydney Hosp i t a l—Recons t ruc t ion of Floors and Ceil ings . . . . 1,200 0 0

K e n m o r e Hosp i t a l—To pay a rb i t ra t ion award . . . . . . 1,800 0 0

— 1 0 8 , 6 7 5 0 0

SEWERAGE CONSTRUCTION B R A N C H —

Sto rmwate r Channe ls and Dra inage—Sto rmwa te r Channe l from

Rozelle Bay to Evans-s t reet , B a l m a i n ; S to rmwate r Dra inage ,

P i c ton—fur the r s u m ; Long Cove Creek S to rmwate r C h a n n e l ;

Newcast le S to rmwate r Channe ls—fur ther s u m — P i t c h i n g and

F a s c i n e i n g ;	Tighe 's	Creek	S to rmwate r	Channel ,	Newcas t l e ;
New	Lambton	S to rmwate r	C h a n n e l ;	Bo t any	S to rmwate r

Channe l—fur the r s u m ; Rookwood S to rmwate r Channel . . 10,000 0 0

D r a i n a g e and W a t e r Supply, J eno lan Caves, Government

Bu i ld ings—fur the r sum 400 0 0

Waver ley, Randwick , and Kens ing ton Sewerage—fur ther sum . . 7,000 0 0

N o r t h Sydney and Mosman Sewerage Ex tens ion—fur the r sum . . 7,000 0 0

Manly Sewerage—fur ther sum . . . . . . . . . . . . 1,000 0 0

D r a i n a g e — P a r k e s and Forbes—for san i t a ry purposes . . . . 3,000 0 0

Towards Cons t ruc t ion of Sewerage Schemes for Newcast le and

Suburbs 15,000 0 0

Glebe Sewerage Works—Value of works taken over and to be t aken over from the Glebe Munic ipa l Counci l , inc luding in teres t 6,000 0 0

49,400 0 0

Car r ied over £1,443,225 0 0

B r o u g h t over £1,443,225 0 0

RAILWAY AND TRAMWAY CONSTRUCTION—

Dubbo to Coonambel Rai lway—towards const ruct ion of	. .	. .	£70,000	0 0
Culcairn to German ton Rai lway—towards construct ion of . .	. .	40,000	0	0

N a r r a b r i to Walge t t Rai lway—towards construct ion of . . . . 50,000 0 0

Cobar Mines Rai lway—towards const ruct ion of	. .	. .	. .	16,000	0	0
Rai lway from Moree to luvere l l—fur ther sum	. .	. .	. .	27,950	0	0

Rai lway from Byrock to Brewar r ina—fur ther sum . .	. .	. .	14,035	0	0
Rai lway from Koorawatha to Grenfe l l—fur ther sum	. .	. .	4,760	0	0
Tr ia l Surveys	10,000	0 0

Regrad ing of Rai lway Line in Rookwood Cemetery, inc luding

Plat forms, on condit ion tha t Rai lway Commissioners contr i ­

bute one-half of cost 205 0 0

N a r r a b r i to Moree Ra i lway—fur ther sum . . . . . . . . 1,400 0 (I

Clyde to Carl ingford-Rosehi l l Ra i lway—fur the r sum . . . . 8,050 0 0

Nevert i re to W a r r e n — f u r t h e r sum . . . . . . . . . . 1,000 0 0

Tramways—

General T r a m w a y Extens ion . . . . . . . . . . . . 60,000 0 0

T r a m w a y from Belmore P a r k to F o r t Macquar ie , via Cast lereagh

and P i t t S t ree ts . . 119,100 0 0

; — 423 ,760 0 0

W A T E R CONSERVATION and Ar tes ian Bor ing , Publ ic W a t e r i n g Places , and Services

inc identa l thereto 110,000 0 0

T E L E P H O N E Tunne l s 30,000 0 0

METROPOLITAN BOARD OF W A T E R S U P P L Y AND SEWERAGE—

Water Supply—

S t r e n g t h e n i n g Upper Canal and other minor pe rmanen t works . . 18,000 0 0

Sewerage—

Ret icu la t ion Sewers, Metropolitan area, inc luding Low-level

Sewers, and provision for new City Sewers . . . . . . 110,000 0 0

Water Supply and Sewerage—

To redeem Debentures , issued by the Munic ipa l Council of Sydney for Const ruc t ion of Waterworks , taken over by the Govern­ ment , which m a t u r e on 1st J u l y , 1901	5,000	0	0
To redeem Debentures , issued by the Munic ipa l Council of Sydney

for Cons t ruc t ion of Sewerage Works , taken over by the

Government , which m a t u r e on 1st J u l y , 1901 . . . . . . 25,000 0 0

158,000 0 0

H U N T E R RIVER DISTRICT WATER S U P P L Y AND SEWERAGE B O A R D — W a t e r and Sewerage

W o r k s 5,000 0 0

P U B L I C School Bu i ld ings and Sites 50,000 0 0

UNIVERSITY LIBRARY—towards Bu i ld ing . . . . . . . . . . 10,000 0 0

60,000 0 0

ERECTION of Pos t and Telegraph Offices at Minor Towns 12,000 0 0

P U R C H A S E of Si tes for Pos t and Telegraph Offices generally . . . . 4,500 0 0

CONSTRUCTION and Extens ion of Telegraph and Telephone Lines

general ly 25,000 0 0

ERECTION of P n e u m a t i c Tubes , General Pos t Office and Sydney

Merchan t s ' Exchange 7,000 0 0

TOWARDS establ ishment of Metall ic Ci rcu i t System . . . . . . 50,000 0 0

98,500 0 0

Tota l , P e r m a n e n t and Reproduct ive Works . . . . £2,328,485 0 0

REPAYMENT OF LOANS.

ro MEET 5 PER CENT. DEBENTURES FALLING DUE IN 1 9 0 1 : — I n J u l y , 1 9 0 1 — R a i l w a y s and

other purposes—Act 3 5 Vic. No . 5 £ 3 7 4 , 9 0 0 0 0

Total , Repaymen t of Loans 3 7 4 , 9 0 0 0 0

£ 2 , 7 0 3 , 3 8 5 0 0

GRAND TOTAL

2. The Loans so author ised as aforesaid for pe rmanent and repro­ ductive works and repayment of loans may be negotiated wholly or in p a r t in the form of Debentures or Inscribed Stock in the Colony or in London a t such t imes and for such amounts as may be directed by the Governor.

3. Any Stock issued within the Colony under this Act shall be styled " New South Wales Funded S tock , " and shall, if sold otherwise than by tender, be purchasable at the T reasu ry upon any lawful day.

4. The provisions of the Funded Stock Act of 1892 re la t ing to the

method of inscript ion and t rans fe r of Stock, and the regulat ions under such Act, and the forms prescr ibed in the said regulat ions, a re hereby declared to be applicable to, and shall be followed and used, muta t i s mutandis , in connection with, Stock issued within the Colony under the provisions of this Act.

5. In respect of any Stock issued in London under the provisions of this Act, the Governor may make regulat ions, not being inconsistent with the provisions of the Inscribed Stock Act of 1883, for ca r ry ing this Act into effect; and such regulat ions shall be published in the Gazette and laid before Pa r l i amen t within fourteen days of the publication thereof, if Pa r l i amen t be then sit t ing, and if Pa r l i amen t be not sit t ing, then within fourteen days of the commencement of the next session

thereof.

6. All moneys borrowed under this Act shall be paid to the

T r e a s u r e r and shall be by him carr ied to and form p a r t of the General

Loan Account, and be appropr i a t ed and applied, as required, to the works and services hereinbefore specified, or to any other duly authorised Loan Services, in te rms of the Loans F u n d Amalgamat ion Act of 1879.

7. Debentures or Stock sold or issued under this Act a re hereby declared to be for all purposes Government Secur i t ies ; and all corpor­ ations and other persons whatsoever shall have power to invest in the purchase of such Debentures and Stock any p roper ty held by them, whether as t rus tees or otherwise, which they a re not expressly forbidden to invest in Government Stock or Securit ies, without on tha t account being liable as for a breach of t rus t or incurr ing any liability whatso­ ever, provided tha t such investment is in other respects reasonable and

proper. 8.

8. In this Act the expression " Loan Services " has the meaning given to it in the Loans F u n d Amalgamat ion Act of 1879, " Governor " means Governor with the advice of the Executive Council, " T reasu re r " means the Colonial T r e a s u r e r for the time being, and the expression " Stock " means Inscribed or Funded Stock.

9. This Act may he cited as the " Loan Act of 1900."