Act No. 62, 1901.
An Act to authorise the raising of a Loan for the Public Service of the State, and for other purposes. [20/// December, 1901.]
| Debentures or the issue of Inscribed Stock, secured upon the Consolidated Eevenue Eund of the State, and bearing interest at a late not exceeding four per centum per annum, such sums of money not exceeding in the whole the sum of Two millions nine hundred | and |
| BE it enacted by the King's Most Excellent Majesty, by and with | tive Assembly of New South Wales in Parliament assembled, and by the advice and consent of the Legislative Council and Legisla ihe authority of the same, as follows:— |
1. I t shall be lawful for the Governor to raise by the sale of
and ninety-seven thousand two hundred and thirteen pounds, as are respectively set
against the following Public Works and Services, that is to sav :—•
| 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 . |
IIosriTALS—•
| Towards completion | of | Pr ince Alfred | Hospi ta l | . . . | . . . | . . . | £45 ,000 | 0 | 0 |
| Addi t ions , | & c . , | Sydney | Hospi ta l | 2,500 | 0 | 0 |
| Towards | the erection | of a Consumptive | H o m e | .. . | . . . | . . . | 10,000 | 0 | 0 |
| Coun t ry and Suburban | Hospi ta ls | -Towards erect ion | of | N e w |
| Buildings to meet the demand for increased accommodat ion . . . | 12,000 | 0 | 0 |
| M E T R O P O L I T A N | F I R E | B R I G A D E S | B O A R D — Sites for | and | erect ion of | Branch and | Suburban |
| I N E B R I A T E S | H O M E — P u r c h a s e | of | Site, and | towards | erect ion | of | Bui ld ings | . . . | . . . | 7 ,000 | 0 | 0 |
| S Y D N E Y | H A I U I O U R | T R U S T — T o w a r d s | t he | erect ion | of | new | "Wharfs | and | Sheds | a t | Circular |
| Quay, Mil ler 's | Point , and | Darling Is land ; t he erec t ion of new | Je t t i e s | a t |
| P y r m o n t , Centra l Wharf, and | Dawes | P o i n t ; | the erec t ion | of | new | Passenger |
| J e t t i e s and | Wai t ing-rooms at | For t Macqua r i e ; | the | al terat ion, extension, | and |
recons t ruc t ion of exis t ing Whar f s and Je t t i e s a t Ci rcular Quay, Dar l ing Harbour , Glebe Island, Woolloomooloo Bay, and "Watson's Bay ; the erect ion of new Offices at Circular Q u a y ; t he acquisit ion of Launch , Fire-float, and Klectric-lighting P l a n t ; t he ins ta l la t ion of system for cont inuous l ight ing of
| B u o y s ; | and | genera l ly | for | t h e | improvement | of | t h e | P o r t | . . . | . . . | . . . | 75,000 | 0 | 0 |
M I S C E L L A N E O U S —
| Towards erection of Public Baths , Sydney | 10,000 | 0 | 0 |
| Towards | erection | of | Public | Baths , Newcas t le | ... | . . . | . . . | 3,000 | 0 | 0 |
| Memoria l for Soldiers who fell in the South African "War | . . . | 20,000 | 0 | 0 |
R A I L W A Y S —
| Addi t ional | Rol l ing | Stock | 350.0C0 | 0 | 0 |
| Addi t ions , Rai lway | Lines, &c | 250,000 | 0 | 0 |
| Dupl ica t ion of W e s t e r n | Line, Glenbrook | to Blackhe.it h | 170,000 | 0 | 0 |
| I m p r o v e m e n t | of | Grades | and | Curves | . . . | . . . | . . . | . . . | 30,010 | 0 | 0 |
| |
T R A M W A Y S —
| Rol l ing Stock, to meet expanding Traffic | 100,000 | 0 | 0 |
| Addi t ions to Lines and Pudd ings , and for e the r purposes | . . . | 140,000 | 0 | 0 |
| Addi t ional Eng ines and Power Mach ine ry | ... | . . . | . . . | ... | 180,000 | 0 | 0 |
| R A I L W A Y | AND | T R A M W A Y | C O N S T R U C T I O N | — |
| Dubbo | to | C o o n a m b l e - f u r t h e r | sum | 120,000 | 0 | 0 |
| N a r r a b r i | W e s t | to | W a l g e t l , with | branch | to | Co l l a rendabr i—fur the r |
| Culcairn | to | G e r m a n t o n — f u r t h e r | sum | . . . | . . . | . . . | . . . | 13,957 | 0 | 0 |
| The | Rock | to | Green ' s | G u n v a h — f u r t h e r | sum | . . . | . . . | . . . | 0,591 | 0 | 0 |
| Temora | to | W y a l o n g | . . . | " | 30,000 | 0 | 0 |
| L a n d | R e s u m p t i o n s | for | authorised | Rai lways | . . . | . . . | . . . | 8,000 | 0 | 0 |
Tramways—
| Tramwav | Cons t ruc t ion | genera l ly—fur ther | sum | .. . | . . . | ... | 90,000 | 0 | 0 |
| Roll ing Stock for New Tram Lines | 30,000 | 0 | 0 |
| Carried | over | £1 ,883 ,051 | 0 | 0 |
| B r o u g h t | over | £1,883,0.-)! | 0 | 0 |
GOVERNMENT ARCHITECT—
Court-houses—
| D a r l i n g h u r s t — | fur ther | s u m ; | W a g g a | W a g g a — f u r t h e r | s u r a ; |
| Bra idwood—fin the r | sum | ... | ... | ... | ... | ... | £4 ,300 | 0 | 0 |
| H e l e n s b u r g h | L o c k h a r t ; | Bui ld ing, | Agr icu l tu ra l | Society's | G r o u n d | 4,050 | 0 | 0 |
| Rookwood—Isola t ion | W a r d | and | o ther | works—fur the r | sum ; |
| L ive rpoo l—Laundry and | o the r works—fur ther | sum | ... | 0,400 | 0 | 0 |
| Hospital/orInsane—Parramatta—Additions—further | sum. . . | ... | 1,1.00 | (I | 0 |
| Accommodation-homes | at | Caves— |
| Tar rangob i l ly | Caves—fur ther | sum ... | . . . | . . . | 5 0 0 | 0 | 0 |
| W o m b e v a n | Caves—fur ther | sum | . . . | . . . | . . . | 500 | 0 | 0 |
Miscellaneous buildings- -
| Naval Es tab l i shment— Residence for | Capta in- in-charge | ... | ... | 0,000 | 0 | 0 |
| Q u a r a n t i n e | S ta t ion — Boundary | Wa l l—Bui ld ings , | Add i t ions— |
| further sum | ... | 4,500 | 0 | 0 |
| A r t | Ga l l e ry—towards comple t ion—fur ther | sum | ... | ... | ... | 0,500 | 0 | 0 |
| Crown Law Office—Additions | -fur ther sum | ... | . . . | ... | 3,000 | 0 | O |
| Par l i amen ta ry | Bui ld ings—Addi t ions | ... | ... | ... | . . . | 5,000 | 0 | 0 |
| U n i v e r s i t y — A d d i t i o n s - f u r t h e r | sum | .. . | . . . | ... | . . . | 7 ,5(0 | 0 | 0 |
| Gene ra l Pos t Office—Addit ions—further | sum | 7,000 | 0 | 0 |
| Customs | House—Addi t i ons | . . . | ... | ... | . . . | ... | ... | 3,(.00 | 0 | 0 |
| P e n i t e n t i a r y | and | Pr ison | for | Females , | Randwick—towards | . . . | 10,000 | (I | 0 |
| Shel ter | She'ds | for | W a t e r s i d e | W o r k e r s — t o w a r d s | ... | 1,000 | 0 | 0 | 70,230 | 0 | 0 |
ROADS AND BRIDOES—
Bridges—
| P y r m o n t — f u r t h e r | sum | 05,000 | 0 | 0 |
| Glebe | I s l a n d - f u r t h e r | sum | 8,910 | 0 | 0 |
| N o r t h | Sydney—Pre l iminary | expenses | . . . | ... | ... | . . . | 5,000 | 0 | 0 |
| M u r r a y | River , a t Cobram—Approach | N . S . W | side | 5,500 | 0 | 0 |
| M u r i a y | River , | to | connect | Barham, | N . S . W . , | and | Koondrook, |
| V i c t o r i a - h a l f | cost | 0,000 | 0 | 0 |
| Ferry | Punts—Woodburn | 1,500 | 0 | 0 |
| H A R B O U R S | AND | R I V E R S — |
| Tweed | River | I m p r o v e m e n t s — f i n t h e r | sum | .. . | . . . | ... | ... | 2 0 , 0 0 0 | 0 | 0 |
| Richmond | River | I m p r o v e m e n t s — f u r t h e r | sum | ... | . . . | . . . | 3 0 . 0 . 0 | 0 | 0 |
| Richmond River—Snagg ing , Removal of Rocks, Const ruc t ion of |
| 'Training-wall between | Coraki | and | Warde l l | ... | ... | ... | 2 , 0 0 0 | 0 | 0 |
| Clarence | River | Improvemen t s—fur the r | sum | ... | ... | ... | 3 3 , 0 0 0 | 0 | 0 |
| Clarence R i v e r - R e m o v a l | of | Pocks , Sou th | Arm | ... | . . . | ... | 1 , 0 0 0 | O | 0 |
| Clarence | River—Clear ing | A lumny | Creek | . . . | ... | . . . | . . . | 2 , 0 0 0 | 0 | 0 |
| Bel l inger | River | Improvemen t s—fur the r | sum | .. . | ... | ... | 5 , 0 0 0 | 0 | 0 |
| Macleav | River | I m p r o v e m e n t s — f u r t h e r | sum | ... | ... | ... | 5 . 0 0 0 | 0 | 0 |
| Macleay | River P i lo t S ta t ion—fur the r | sum | 1 , 2 0 0 | 0 | 0 |
| L igh thouse , Cape Byron | 1 , 0 1 0 | 0 | 0 |
| Camden | Haven Improvemen t s—fur the r | sum | ... | ... | ... | 1 , 5 0 0 | 0 | 0 |
| Cape | H a w k e | H a r b o u r | I m p r o v e m e n t s — f u r t h e r | sum | ... | ... | 3 , 0 0 0 | 0 | 0 |
| M a n n i n g | River | I m p r o v e m e n t s — f u r t h e r | sum | ... | ... | ... | 1 5 , 0 0 0 | 0 | 0 |
| Newcas t le | H a i b o u r | ( E n t r a n c e ) — f u r t h e r | sum | ... | . . . | . . . | 3 0 , 0 0 0 | 0 | 0 |
| Carried | over | £ 1 1 0 , " 0 0 | 0 | 0 |
| Carried | over | £2 ,015 ,211 | 0 | 0 |
| B r o u g h t over | £2 ,045 ,211 | 0 | 0 |
| H A R B O U R S | AND | R I V E R S — c o n t i n u e d . |
| B r o u g h t over | £119 ,700 | 0 | 0 |
| Newcas t le W h a r f s and Shipping Appliances | 10,000 | 0 | 0 |
| Newcast le N o r t h | H a r b o u r | Rec lamat ion—fur the r | sum | . . . | . , . | 4,000 | 0 | 0 |
| Newcast le ex t ra Moor ing accommodat ion—fur ther sum .. . | ... | 3,000 | 0 | 0 |
| Newcas t le Ocean Beach Reserve Improvements | ... | ... | . . . | 1,000 0 | 0 |
Newcas t le , Bullock Is land, and Stockton—recla iming land and
| bal last appliances | 2,000 0 0 |
| Clarke and Shark I s lands—rec lamat ion Je t t i e s , &c. | ... | ... | 1,000 | 0 | 0 |
| Woolloomooloo Bay Improvemen t s—fur the r | sum. . . | . . . | ... | 3,000 | 0 | 0 |
| Glebe I s l and Improvement s—fur the r sum ... | ... | ... | ... | 2,000 | 0 | 0 |
| Cockatoo | I s land , | F i tz roy | Dockyard | Extens ion—Appl iances | and |
| W h a r f a g e — f u r t h e r | sum | ' | 13,000 | 0 | 0 |
| Spectacle I s land W a t e r Supply and o ther works | . . . | . . . | . . . | 9,000 | 0 | 0 |
| Callan P a r k — P r o t e c t i o n | of fascine banks | ... | ... | ... | . . . | 000 | 0 | 0 |
| Long Cove Reclamat ion (land re sumpt ion) | . . . | ... | . . . | 2,000 | 0 | 0 |
| Sea Wal l s—rec lamat ion | and d redg ing—Rose | Bay | ( L y n e | P a r k ) , |
| Rozelle Bay, Rodd Is land , Mosman ' s | Pay , Special D r e d g i n g | 5,700 | 0 | 0 |
| Cook's River and Shea 's Creek Improvements—fur the r sum | .. . | 3,000 | 0 | 0 |
| Bo tany | B a y — P r o t e c t i o n | of L o n g | W h a r f | towards . . . | ... | . . . | 2,000 | 0 | 0 |
| P o r t | K e m b l a H a r b o u r | W o r k s , | inc luding l and—fur the r | sum | . . . | 30,000 | 0 | 0 |
| Crookhaven Improvemen t s | ... | . . . | . . . | . . . | ... | ... | 1,500 | 0 | 0 |
| Bateman 's Pay Improvemen t s—fur the r sum | ... | ... | . . . | 5,000 | 0 | 0 |
| M o r u y a | River | I m p r o v e m e n t s — f u r t h e r | sum | . . . | ... | ... | 3,000 | 0 | 0 |
| Bermagui , N a r o o m a , and T a t h r a | Whar fage | Improvemen t s | ... | 1,850 | 0 | 0 |
| Darling and M u r r u m b i d g e e Rivers Snagg ing—fur the r | sum | ... | 7,000 | 0 | 0 |
| Conversion | of G r a b Dredge | " Z e t a " | in to | P u m p | Dredge , and |
| a l te ra t ions | to Grab | D r e d g e | " L a m b d a " | ... | . . . | . . . | 5,500 | 0 | 0 |
| Launch | for L u n a c y | D e p a r t m e n t — f u r t h e r | sum | ... | . . . | ... | 500 | 0 | 0 |
| F o r purchase of s teamer to replace " Thet is " — f u r t h e r | sum | . . . | 14,000 | 0 | 0 |
279,350 0 0
| W A T E R | S U P P L Y | AND S E W E R A G E | C O N S T R U C T I O N — |
| Stormivaler | Channels, | §'c.— |
| Tighe's | Creek—extens ion ; Marr ickvi l le—fur ther | sum ; | B o t a n y — |
| ex t ens ion ; | Orphan School Creek ; Rookwood Cemetery , w e s t s i d e | 30,140 | 0 | 0 |
| Count ry Towns Sewerage and S to rmwate r Channels genera l ly | . . . | 10,000 | 0 | 0 |
| Met ropo l i t an area—Sewerage and S to rmwate r Channels genera l ly | 10,000 | 0 | 0 |
Sewerage.—
| N o r t h | Sydney | and M o s m a n — M i d d l e | H a r b o u r | Slopes | 10,000 | 0 | 0 |
| Dar l ing H a r b o u r | Low Level—fur ther | sum, . . | ... | ... | . . . | 7,000 | 0 | 0 |
| Sani tary W o r k s | 10,000 | 0 | 0 |
| Q u a r a n t i n e Stat ion W a t e r Supply and Sewerage—fur ther | sum | ... | 2,000 | 0 | 0 |
| Victor ia Ba r r acks and L a k e K i p p a x drainage | ... | ... | ... | 3,500 | 0 | 0 |
| Subwa j—Ci rcu l a r Quay | 3,500 | 0 | 0 |
| W a t e r | Supply genera l ly—fur the r | sum | .. . | . . . | . . . | ... | 35,000 | 0 | 0 |
| Reservoi r | and other works a t W a r a t a h | . . . | . . . | . . . | . . . | 13,000 | 0 | 0 |
134,140 0 0
| M E T R O P O L I T A N | B O A R D | OP W A T E R | S U P P L Y | AND S E W E R A G E — |
| Ret icula t ion | 20,000 | 0 | 0 |
| I m p r o v e m e n t | to N o r t h e r n | Suburbs | W a t e r | Supply | 12,500 | 0 | 0 |
| Seweraae | Service—Reticulation | ... | . . . | ... | ... | . . . | 15,000 | 0 | 0 |
47,500 0 0
| Carried over | £2 ,500 ,201 | 0 | 0 |
| Brough t over | £2 ,500 ,201 | 0 | 0 |
| H U N T E R | R I V E R | D I S T R I C T | "WATER | S U P P L Y | AND S E W E E A O E | B O A R D — |
| Ret icu la t ion | . . . | £7 ,000 | 0 | 0 |
Newcastle Borough Council Water Supply Works—
| D e b e n t u r e s | t aken | over | by the Gove rnmen t | with |
| W a t e r | Supply W o r k s u n d e r Act | 55 Vic. No . 27, |
| H u n t e r | Dis t r ic t | W a t e r | Supply | and Sewerage |
| A c t | of 1 8 9 2 — M a t u r i n g 1st December , 19 1 ... 10,000 | 0 | 0 |
| Less | Balance of Sinking Fund formed bv the Counci l |
| held in T r u s t | " | 3,788 | 0 | 0 | |
12,212 0 0
| P U B L I C | I N S T R U C T I O N ' — | 19,212 | 0 | 0 |
| Publ ic School Buildings and Sites | 55,0C0 0 0 |
| Technical Colleges, &c | 15,000 0 0 |
70,COO 0 0
| M I N E S | AND A G R I C U L T U R E | - W a g g a | W a g g a | Exper imenta l | Fa rm—Accommoda t ion for |
| S t u d e n t s | . . . | 2,500 | 0 | 0 |
| Total , P e r m a n e n t and Eeproduct ive W o r k s | £2 ,597 ,913 | 0 | 0 |
| R E P A Y M E N T | O F | L O A N S . |
| R A I L W A Y S | AND OTHER | P U R P O S E S — T o | meet | 5 | per | cent . | D e b e n t u r e s | falling | due | 1st |
| Ju ly , 1902 | ' | £399 ,300 | 0 | 0 |
| Tota l , R e p a y m e n t of Loans | 399,300 | 0 | 0 |
| G R A N D | T O T A L | £2,997,213 | 0 | 0 |
2. The Loans so authorised as aforesaid for permanent and repro
ductive works and repayment of loans maybe negotiated wholly or in part in the form of Debentures or Inscribed Stock in the State or in London at such times and for such amounts as may be directed by the Governor.
3 . Any Stock issued within the State under this Act shall be
styled " New South "Wales Funded Stock," and shall, if sold otherwise
tban by tender, be purchasable at the Treasury upon any lawful day.
4 . the provisions of the Funded Stock Act of 1892 relating
to 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, Stock issued within the State
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 regulations, not being inconsistent with the provisions of the Inscribed Stock Act of 1883, for carrying this Act into effect; and such regulations shall be published in the Gazette and laid before Parliament within fourteen days of the publication thereof, if Parliament be then sitting, and if Parliament be not sitting, then within fourteen days of the commencement of the next session thereof.
6. 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
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 of the Loans Fund Amalgamation Act of 1879.
7. Debentures or Stock sold or issued under this Act are hereby
declared to be for all purposes Government Securities ; and all corpora tions 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, without 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.
8. I n this Act the expression " Loan Services " has the meaning
given to it in the Loans Fund Amalgamation Act of 1879, " Governor" means Governor with the advice of the Executive Council, " Treasurer" means the Colonial Treasurer for the time being, and the expression " Stock" means Inscribed or Funded Stock.
9. This Act may be cited as the " Loan Act of 1901."