Loan For Works Act 1863 (SA)

ANNO VICESIMO SEXTO ET VICESIMO SEPTIMO

VICTORIA3 REGINE.

A. D. 1863.

No. 24.

An Act to authorize the misi~g o f a Lom2, I?y the issue of Gowerlzme?~t

Bebentures, .for making Roads and other Public Works, Build- ings, and Improvments in South Australia.

[Assented to, 12th November, 1863.1

HEREAS it is expedient to authorize the Government to raise,

W by the issue of C novernment Debentures, a temporary Loan of

Thirty-five Thousand Pounds for thc purpose of making Roads and

other Public Works, Buildings, and Improvements in South Aus- tralia-Be i t therefore Enacted by the Governor-in-Chief of the Province of South Australia, with the advice and consent of the Legislative Council and Honsc of Assembly of the said Province, in this present Parliament assemnbled, as follows:

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1. The Treasurer for the timc being of the said Province may, for Treasurer may mia 135,000, by deben-

the purpdses aforesaid, at any time on or before the thirtieth day t	,
of June, one thousand eight hundred and sixty-four, borrow any sum or sums of money not exceeding in the wvholc the sum of Thirty- five Thousand Pounds, by the issue and sale of Government Deben- tures, secured upon the General ltevcnuc of *the said Province, and bearing interest at a rate not exceeding Rw Pounds per centum per
annurn.

in the Schedule to this Act annexed, and shall not be issued for a debentures. 2. Such debentures shall be in the form or to the effect set forth Form and amount of

sum less than Fifty Pounds.

3. Every such debenture shall be dated on the day on which the Term of debenture,

same shall be issued, and shall bcw interest from that day, not ex- prable, and how and where

exceeding

26" & 27" VICTORXE, No. 24. b

Debenture Act.-1 86 3.

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ceeding the rate afoscsaid, until the day fixed for the payment thereof, which shall not exceed twelve calerrdar months from the date thereof, and such payment shall be made at the Treasury in Adchide; and the Treasurer is hereby authorized to make such payment from and out of the General Revenue of the said Province.

1 n t e r ~ ~ t o ~

after 4. Interest shall cease to be payable on any such dcbenturc on the

day fixed for payment

of principal. day next after the day fixed for the payment thereof.

Debntum to be eold 5, The Treasurer shall cause every debenture, issued under the

for best price obtain- able, not le8s than par, authority of this Act, to be sold by public competition or otherwise

for the best price, not being bdow par, that can be obtained for the

same,

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sum. I O ~ O W C ~, ho+ 6. All sums of money borrowed under the authority of this Act

aeaccoumea	shall be paid to t.he Treasurer, and shall be applied by him towards
the making of roads, and other public works, buildings, md im-
provements sanctioned by Parliament; and shall be accounted for in the same manner as if such sums had formed part of the General Revenue of the said Province.

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Ctovernor may ad- 7. The Governor may, from time to time, by warrant under his of this Act, any sums of money not exceeding in the whole the sum of Thirty-five Thousand Pounds, and any sums of money so advanced and paid, shall be rctaincd by the Treasurer out of any moneys authorized to be raised or applied by him under the authority of this Act.

money be hand, authorize the Trans:*rsr to advance and pay, for the purpoGs .

repaid.

8hort title. B. This Act may be cited as the " Debenture Act, 1863."

In the name and on behalf of thc Queen I hereby assent to this Act.

D. DALY, Governor.

SCHEDULE

26" Sr; 2Y0 VICTORIB, No. 24.

Debenture Act.-1 863.

SCHEDULE.

80th Aocstrnlian Government Debenture.

No.	No.
S	f:

DEBENTUBE for the sum of Pounds sterling, issued under the

authority of the Debenture Act, 1863.

On presentation at the Treasury, Adelaide, on the day of 9

186 , the bearer of this debenture will be entitled to receive the sum of

sterling, together with interest thereon, from the day of the

date hcrcof, after the rate of Pounds per centum per annum.

Dated the day of , 186 .

, Treasurer.

Signed in the presence of

NOTE.-No interest will be paid on this debenture for any period aftei the day therein fired for

the payment of the same.

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Adelaide: Printed by authority by W. C. Cox, Government Printer, Tictorin-square,