Public Purposes Loan Act 1879 (SA)

ANNO QU ADRAGESIMO SECUNDO ET QUADRAGESIMO

TERTIO

VICTORIZ REGIN-E.

A.D. 1879.

No. 159.

An .Act to provide Funds to the amount of Nine Hundred

and Seventy-Seven Thousand and Eighty-Four

Pounds for valious Public Works, and for other purposes.

[Asse@kd to, 25th October, r & p ~ ]

HEREAS it is necessary to provide funds by loan for various Preamble.

W public purposes-Be it Enacted by the Governor of the

Province of South Australia, with tbe advice and consent of the

Legislative Council and House of Assembly of the Province of

South Australia, in this present Parliament assembled, as follows:

1. Tlie Act No. 80 of 187'7, intituled " An Act to authorise the Repeal of Act No. 80

raisin g of One Hundred and Sixt y-Three Thousand Seven Hundred ef 1877.

Pounds for public purposes by Treasury Bills" is hereby repealed.

I .if)

2 .. I t shall be lawful fbr thc Treasurer for the time bcing of the Treaanrer map isrus

said province, from time to tinie, to issue and sell bonds for a sum Bonda.

not exceeding in the whole Nine I3unclred and Seventy-Seven Thousand and Eighty-Four Pounds for such amounts as he may deem expedient, and such bonds shall be in the form following, that is to say-

South Australian Government Revennc Securities. Form of ~ o n d.

No. [Royal Arms.] No.

(Authorised by Act of Parliament, No. of 1879.)

£ ;E

I, the Treasurer of the Province of South Australia,

in consideration of the sun1 of

Pounds

42" & 4 3 O VICTOKILE, No. 159.

Public Purposes Loan Act.-1 879.

Pounds, paid to me for public purposes, do hereby bind myself to pay to the holdcr for the time builig of this present obligation the sum of

Pounds, and interest thercon at the rate of Four Pounds per centum per annum; such iuterest to be payable on the first day of April and the first day of October in every year, and the principal to be paid on the first day of, in the year one thousand nine hundred and

Sealed with my seal. Dated the ddy of

one thousand eight hundred and

Signed, sealed, and delivered in

the presence of

(Bond transferable by delivery.)

And the principal and intercst shall be payable at thc Treasury, in Adelaide, or in London, at the office of the South -4ustraliari Government-the place of payment being dcclarcd at time of such sale and duly notified on thc bonds.

Interest at four per 3.

The said bonds shall beal: interest at the rate of Four Pounds per centum per annum; and the interest and principal upon such hctnds shall be paid to the holder thcrcof at, such placc and at such time as may bc specified gr provided thereiii: Provided that the

cent.

Whan payable.	principal shall not be payablc or paid before thc expiration of thirty years, and the time appointed for payment thereof shall not extend beyond fifty years from the time of thc issue of the said bonds.
Application of

maneyr. 4, 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 acconnts, and shall be applied to the seve~d purposes

set f o ~ t h in the Schedule hereto, and to the extent therein set,

forth; and shall be so applicd 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 nutho-

rise smd dirpct.

Redemption of bonds* 5. The Treasurer shall, and he ie hereby required, in each and cvery half-year from the first raising of any sums of money under authority hereof, until the whole amount so raised, and all interest thexeon, shall have bccn duly paid, to set apart such sum as shall suffice to pay the amount of bonds redeemable during the ensuing half-year, together with interest upon all bonds which shall then bear interest; and shall apply such sum in payment of' such bonds and interest aforesaid, in manner specified in such bonds.

Salaries to be sub-	6,	So much of the moneys raised under this Act as may be
mitted to Parliament.

required for salaries of officers for the said public works hereby authorised to be constructed, shall be annually submitted to Parlia- n w t. 7. The

Public .?'rqmses Loan Act.-1879.

7. The Governor may from time to time, by warrant under his hand, countersigned by the Chief Secretary, authorise the Treasurer to advance and to pay to the proper ltlcsporisiblc Minister of the Crown, for the purposes of this Act, any sums of money not exceed- ing in the whole sum hereby authorised 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. Advances.

8. '1'1-lc Treasurer ~21~~11 on or before the thirtieth day of Sep- Returns.

tember in each year, cause an account in abstract to be prepared of the whole receipts and of the expenditure of all moneys advanccd 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-Gcneral, and a copy of such account shall be forthwith published in the Governme?zt Gazette.

9. This Act may be cited as b' The Public Purposes Loan Act, ahort title.

1879."

111 the name and on behalf of Her Majesty, 1 hereby assent

to this Bill.

WR1. E'. DRUMMONI) JERVOIS, Goverlior.

SCHEDULE

-

4 420 $ 4 3 O VlCTORI&, NO. 159.

Public Parposes Loan Act.-1879. W--

.--- --

SCHEDULE REFERRED TO.

---

IS 8. d.

Construction of Main Roads	..............................	216,000 0 0
Waterworks-

Port Augusta Extension ..........................

Port Pirie ......................................

Port Adelaide Suburban .......................... i 41,580 0 0

Port Adelaide ..................................

Harbor Improvements-

Dcpeening and Improvement, Port Adelaide. .........

( C	C C	Port Pirie	............	199,800 0 0
L L	"	Port Auguata

.......... 1

Jetties-

Balgowan .....................................

Mount Dutton Bay ..............................

i 7,000 0 0

Venus Bay.. ....................................

Waterloo Bay, To complete. .......................

Erection of Schoolhouses .................................. 10,800 0 0

Telegraph Extension .................................... 79,000 0 O

Northern Territory ...................................... 54,000 0 0

Defences and Miljtary Road .............................. 37,800 0 0

Railway-Naracoorte to Tatiara ...............*.... ... ., 210,600 0 0

South Australian Railways-Additional accommodation. ....... 24,314 0 0

For New Qovemment Offices, including Real Property Offices

and Purchase of Land ................................ 64,800 0 0

Quarantine Buildings, &c. ......................... ..... . 24,300 0 0

Overflow of River Sturt, To prevent ........................

7,090 0 0

6977,084 0 0

-- - .- -

7

Ac!eldtle: J$y a~~tlroritr, E. SPILLER, Acting Gnvernlnent Printer, Er'nrth-termcr.