Public Purposes Loan Act 1877 (SA)

ANNO QUADRAGESIMO ET QUADRAGESIMO PRIM0

No. 77.

An Act to provide Funds to the amount qf 00ne Million Thirtpsix Thousatzd Six Hundred Pounds for carious Public Works,

and -for other pwposes.

[Assented to, 21st December, 187'7.1

HEREAS it is ncccssary to provide funds by loan for various Preamble,

W public purposes-Be it Enacted by the Governor of the	Province of South Australia, with the advice and cormnt of thc
Legislative Council and House of Assembly of the Province of South
Au~tralia, in this prcsent Parliament assembled, as follows:

1. It shall be lawful for the Treasurer for the timc being of the Form of bond.

Pounds, paid to me for public purposes, do hereby bind myself to pay to thc holder for the time being of this present obligation the sum of Pounde

said Province, from time to tirnc, to issue and sell bonds for a sum not exceeding in the whole One Million Thirty-six Thousand Six Hundred Pounds for such amounts as he may deem expedient, and snch bonds shall be in the form following, that is to say-

South Australian Government Revenue Securities.

No. [Royal Arms.] No.

(Authorized by Act of Parliament, No. of 1877.)

I, the Treasurer of the Province of South Australia, in consideration of the sum of

O & 41' VICTORIB, No, 77.

The Public Purposes Loan Act.-1877.

Pounds, and interat thereon at the rate of Four Pounds per cent, per annurn; such intercat to be payable on the first day of January and the first day of July in every year, and the principal to be paid on

t;ha fiwt da;y of, in the ycar

one t h w n d nine hupdred and

Sealed with my ma1. Dated the day of

one thousand eight hundred and

Signed, sealed, and delivered in

the presence of 1

(Bond transferable by delivcry).

And the priwipal and intercst shall be payable at the Treasury,

in Adelaide, or in London, at the office of the South Australian

Government----the place of payment being declared at time of such sale and duly notified on the bonds.

interest at four per	2, The said bonds shall bear interest at thc ratc of	Four Pounds
cent.

per centurn per annum; and the interest and principal upon such bonds shall be paid to thc holder thereof at such place and at such time as may be specified or provided therein: Provided that the

When payable,	principal shall not bc payable or paid before the expiration of thirty years, and the time appointed for pqment thereof shall not extend beyond fifty years from the time of the iesue of the said bonds.
Application of
moneys.	3. All sums of money raised and received by the Treasurer upon the securities of the said bonds shall. be carried by him to separate and distinct accounts, and shall be applied to the several pur- poses set forth in the Schedule hereto, and to the extent therein net forth; and shall be so applied by the Treasurer in such amounts and manner as the Governor, by any warrant under his hand, countersigned by the Chief Secretary, may from time to time autho-
rize and direct.

4. The Treasurer shall, and he is hereby required, in each and

every half-year from the first raising of any Bums of money under authority hereof, until the whole amount so raised, and all interest thereon, shall havc been duly paid, to set apart such sum as s l d l suffice to pay the amount of bonds redeemable during the ensuing half-year, togethcr with interest woo all bonds which shall then bear interest; and shall apply such sum in payment of such bonds and interest aforesaid, in manner syecified in such bonds.

~(alaries	to be sub-	5. So much of the moneys raised under this Act, as may be required for salaries of officers for the said Public Works hereby authorized to be constructed, shall be annually submitted to Parlia- ment.
mittea to

Advances. 8. The Governor may from time to time, by warrant under his

hand, countersigned by the Chief LTecretary, authorize the Treasurer

to

40' & 41' VICTQBM, No. 177. B

The Pvblic Burpostv Low Act.-1877.

-- -

to advance and pay to the proper Responsible Minister of the Crown, for the purposes of this Act, any sums of moncy not exceeding in the whole the sum hereby authorized to be raised; and any sums of money so advanced and paid shall be retained by the Treasurer out of any moneys raised by him under the authority hereof.

7. The Treasurer shall on or before the thirtieth day of September neturns.

in each year, cause an account in abstract to be prepared of the whole receipts and of the expenditure of all moneys a,dvanced to him for the purposes of this Act for the year preceding, under the several distinct heads of receipt and expenditure, with a statement of the balance of such account duly audited and certified by the Auditor-General, and a copy of such account shall be forthwith

published in the Government Gazette,

8. This Act may be cited as The Public Purposes Low Act, r~hort title.

18'77,"

In the name and on behalf of IIer Majesty, I hereby assent to

this Bill.

WM. F. DRUMMOND JIERVOIS, Governor.

SCHEDULE

The Pub lie Purposes' Loan Act.-l 87 7 .

SCHEDULE REFEBRED TO .

1 . Railways-Eumley Bridge to Balaklava (3ft. 6in.) 22j miles ............

South Australian Railways (addiiioud requirements) ................

2 Port Adelaide Swing Bridge . ........................................

3 Watorworks-Kapunda Water Supply . ..............................

Whing ton do. ................................

Hope Valley Reservoir ..........................................

Crystal Brook Water Supply ......................................

4 Jettios-Louth Bay. to complete . ....................................

Moonta Bay ....................................................

Port Brou hton ................................................

port ~ i c k & ~	..................................................
Port Waterloo	..................... ..., .........................

6. Lighthouses-Uthorpe Island. to complete ............................

Tipara Reef.	do.	............................
'Rivoli Bay.	do.	............................

6 . Breakwater. Whmyea. Harbor Improvements-Victor Harbor Breakwater. .

Deepening and Improvement. Port Pirie ............................

0 t h harbor and river improvements ..............................

7 . Northern Territory ................................................

8 Erection of Schoolhouses . .........................................

9. Con~truction of Xnin Roads .......................................

10 Munay Bridge . ....................................................

11. Railway,+- Gawler Traru~ray ........................................

Kadinn, and Wallaroo ......................................

Barunga Extension ..........................................

12 Jetty. Wallaroo . ....................................................

13 . Water Supplp-High-lcvol ltcservoirs-Burnside BrownhiLI Creek. and the

Sturt, with main to Yatala Labor Prison ..................

Total ............................I.......

. . - .

Adelaide : By authority, W. C. Cox, Qovexpment Prhter. Rortb,=terrace