Public Purposes Loan Act 1882 (SA)

ANNO QTJ ADRAGESIMO QUUTNTO ET QUADRAGES1340

SEXTO

A.D. 1882.

No. 272.

An Act to provide Funds to the amount of One Million Four Hundred and Thirty-eight Thousand Five Hundred and Thirty-five Pounds, for various Public Works, and for other purposes.

[Assejz ted to, Novemhv r 7th, r 882.1

W XIEREAS it is necessary to provide fimds by loan for various PmmlMe. public purposes-Be it Enacted by thc Governor of tlle

Province of South Austr;~lia, with thc advice and coilscnt of the Legislative Council and Hoosr of Assembly of the Provinrc of South Australia, in this present Parliament nssembled, as follows:

1, It shall be lawful fo r the Treasurer for the time being of the Treasurer mny issue Bond#.

said province, from time to timr, to issue and sell bonds for a sum not excecding in the whole Onc Million Four Hundred anti Thirty- eight Thousand Five Hundred and Thirty-fivc Pounds, for such n.mounts as he may deem expedient, and such bonds shall be in the form following, that is to say-

South A~xstralian Government Revenue Securities. Form of Bond.

No. [Royal Arms.] No.

(Authorised by Act of Parliament, No. of 1.882.)

;f:

I, the 'I'reasurer of the Province of South Australia,

in consideration of the sum of

Pounds, paid to me for public purposes, do hereby

252 hind

45" & 46" VICTORIW, No. 272

The	Public	P u ~ p o s e s Loan	Act.-1882.
-

bind myself to pay to thc holder for the time being

of this present obligation the sum of

Pounds, slnd interest thereon at the rate of

per centum per annum; such interest to be payablc on thc first day of April and the first day of October in every year, and thc principal to be paid on the first day of, in thc year 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 i~jtercst 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.

hterest not to exceed

four per cent.

2, The said bonds shall bear interest at a rate not exceeding

Fonr Pounds per ccntum per nnnum; and the interest and principal

upon such bonds shall be paid to the holder thereof at such place and at such time as may be specified or provided therein: Pro-

When paysble.

vided that the principal shall not be payable or paid before the expiration of thirty ymrs, md the time appointed for payment thereof shall not extend beyond fifty ycars from the time of the issue of the said bonds.

Application of 3, All sums of money raised and received by the Treasurer upon

moneys.	the securities of the said bonds shall bc carried by him to separate and distinct accounts, and shall be applied to the scvcral purposes set forth in the Schedule hereto, details of which are contained in Parliamentary Paper No. 200a of 1882, and to the extent therein set
and manner as the Governor, by any warrant under his hand, forth; and shaJ be so applied by thc Trcasurcr in such amounts countersigned by the Chief Secretary, may from time to time nutho- rise and direct.

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

every half-yeay from the first raising of any sums of rnoncv under authority hcrcof', until the whole amount so raised, and all interest thereon, shdl have been duly paid, to set apart such sum as shall suffice to pay the amonut of bonds redeemable during the ensuing half-year, together with interest upon all bonds which shall thcn 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- 5, So much of the moneys -raised under this ,4ct as may be

required for salaries of officers'for the said public works hereby authorised to be constructed, shall be annually submitted to Parlia-

ment. 6, The

455 & 46" VICTORIA, No. 272.

The Public Purposes Loan Act.-1882.

6. The Governor may from time to time, by warrant under his A d ~ ~ a n c ~ r.

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 advanccd 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- Returns.

tcmber in earh year, cause an account in abstract to be prepared of the whole receipts and of the expenditurc 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 of such account shall be forthwith published in thc Govortlment Gazette.

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

1882."

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

this Bill.

W M. F. DRUMMOND JERVOIS, Governor.

SCHEDULE.

45" & 46" VICTORIW, No. 272.

SCHEDULE.

6:

Railways ................................. 1,07 1,63+5

Harbor Improrements ........................ 100,000

Jetty, Port Germcin. ......................... 6,300

Deferms .................................. 83,800

Telegraph and Telephone Estcnsion ............	26,800
Construction of Main Roads ..................	100,000

Xrection of Schoolhou~es, &c. ................ 50,000

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$1,438,535

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Adelaide: By authority, E. SPILLEX, Government Printer, North-terrace