Public Purposes Loan Act 1881 (SA)

ANNO QUADRAGESIMO QUAXETO ET QUADRAGESIMO

QUINTO

A. D. 1881.

No. 227.

An Act to provide Funds to the amount of One Million Three Hundred and Nineteen Thousand Eight Hundred Pounds, for various Public Works, and for other purposes.

[Assented to, November 18th, r 881.1

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 the advice and consent of the

Legislative Council and House of Assembly of the Province of

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

said province, from time to time, to issue and sell bonds for a sum Boutis. 1, I t shall be lawful for the Treasurer for the time being of the Treasurer may isme

not exceeding in the whole One Million Three Hundred and Nineteen Thousand Eight IXundred 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 Revenue Securities. F O ~ of Bond.

No. [Royal Arms.] No,

(Authorised by Act of Parliament, No. of 1881.)

E' S

I, the Treasurer of the Province of South Australia,

in consideration of the sum of

Pounds, paid to me for public purposes, do hereby

227. bind

4.4' & 45' VICTORIW, No. 227.

The Public Purposes Loan Act.-1881.

i

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

bind myself to pay to the holder for the time being payable on

of this present obligation the sum of

Pounds, and interest thereon at the rate of Four

one thousand nine hundred and

Sealed with my seal. Dated the day of

one thousand eight hundred and

Signed, sealed, and delivered in

the presence of

(Bond transferable by delivery.)

And the principal and interest shall be payable at the Treasury in Adelaide, or in London, at the office of the South Australian Governm&t-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 the rate of Pour Pounds per centum per annum; and the interest and principal upon such honds shall be paid to the holder thereof at such place and at such

mt.

time as may be specified or provided therein: Provided that the

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

Application of 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 purposes set forth in the Schedule hereto, details of which arc contained in Parliamentary Paper No. 188 of 1881, and to the extent therein set forth; and shall be so applied by the Treasurer in such amounts

moneys.

countersigned by thc Chief Secretary, may from time to time autho-	and manner as the Governor, by any warrant under his hand,
rise and direct.

Rdem~tiOn of bond.- 4. The Treasurer shall, and he is hereby required, in each and

every half-year from the first raising of any sums of money under authority hereof, until the whole amount so raised, q d all interest thexeon, shall have been duly paid, to set apart such sum as shall suffice to pay the amount of bonds redeemable during the ensuing half-year, tdgether with interest upon al l bonds tvhich shall then bear interest; and-shall apply such sum in payment of such bonds and interest aforesaid, in manner specified in such bonds.

IWB% to be sub- 5. So much of the moneys xaised under this Act as may be required for salaries of officers for the said public works hereby authorised to be conatruc ted, shall be annually submitted to Parlia-

mitMtoparhat'

ment.	6, The
44' & 45* VICTORILE, No. 227.
The Public Purposes Loan Act,-1881.

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6. Tlre 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 Responsible 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.

7. The Treasurer shall, on or before the thirtieth day of Sep- Beturn.

tember in each year, cause an account in abstract to be prepared of the whole receipts and of the expenditure of all moneys advanced 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 o f such account shall be forthwith published in the Government Gazette.

8. This Act may be cited as The Public Purposes Loan Act, 8horttidee

1881."

In the name and on behalf of Her Majesty, I hereby sssent to

this Bill.

WM. F. DRUMMOND JERVOIS, Governor.

SCH EUUI ,E

The Public Purposes Loan 4ct.-1881.

8C:HEL)ULE REFERRED TO .

f, S . d .

Railways ................................................ 608. 532 0 0

Jetties .................................................. 35. 516 0 0

Lighthouses ........................... ... ............. 8. 477 0 0

Swing.Bridge. Port Adelaide .............................. 4. 100 0 0

Waterworks ............................................ 102. 500 0 0

Harbor Improvements ................................... 82. 000 0 0

Development of Interior by Sinking Wells. &c ............... 256. 250 0 0

Detailed Examination of Province .......................... 5. 125 0 0

Adelaide Sewers .......................... ... .......... 102. 500 0 0

Construction of Main Roads ................................ 102. 500 0 0

Agricultural Farm and College ............................ 12. 300 0 0

$1.319. 800 0 0

.

C

A w d e: By authority. E . B~xu lan. Government Printer. North&maae