Public Purposes Loan Act 1883 (SA)

ANNO QUADRAGESIMO SEXTO ET QUADRAGESIMO

SEPTIMO

A. D. 1883-4.

No. 297.

An Act to provide Funds to the amount of One Million

Six Hundred and Fifty-one Thousand Three Hundred Pounds, for various Public Works, and for other purposes.

[Assented to, Fedma ry zBtlz, r 884.1.

W HEREAS it is necessary to provide fnnds by loan for various Preamble. public purposes-BC it Enacted by the Govcrnor of the Provincc of South Australia, with the advice and consent of the Legislative Council and Hoilse of Assembly of the Province of South Australia, in this present Parliament assembled, as follows:

I, the Trcnsurer of the Provincc of South Australia, in consideration of the sum of Pounds,

1, I t shall be lawful for the Treasurer for the timc being of the Trca~urer may issue

said province, from time to timc, to issue and sell bonds for s sum not exceeding in the whole One Million Six Hundred and Fifty- one Thousand Three Hundred Pounds, for such amounts as he may &ern expedient, and such bonds shall be in the form following, th&

is to say-

South Australian Government Revenue Securities. Fom of Bond. a

N o. [Itoyal Ams.] No.

(Authorised by Act of Parliament, No. of 1883-4.)

g

46" & 47" VICTO~IW, No. 297.

Il%e Public Purposes Loan Act.-1883-4.

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

Pounds, and interest thereon at the rate of

per centum per annum; such interest 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 day of

one thousand eight hundred and

Signed, sealed, and delivered in

the presence of

(Bond transferable by dclivery.)

And the principal and interest shall be payable at the Treasury in Adelaide, or in London at the office of the South Australian GovernmenGthe place of payment being declared at time of such

sale and duly notificd on the bonds. L

lnterest not to exceed

four per cent.

2. The said bonds shall bear interest at a rate not exceeding Four Pounds per centum per annum; and the interest and principal upon such bonds shall bc paid to the holder thereof at such place and at such time as may be specified or provided therein: Pro-

When payable.

vided that the principal shall not be payable or paid before the expiration of thirty years, 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

moneys.

3. All sums of money raised and received by the Treasurcr upon

the security of the said bonds shall be carried by him to separate

and distinct accounts, and shall bc applied to the several purposes

set forth in the Schedule hereto, and to the extent th'erein set forth; and shall be so applied by the Treasurer in such amounts

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

Redemption of bonds.

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, and all interest thereon, shall havc been 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.

& h i e s to be sub- 5. So much of the moneys [raised undcr this Act as may be

n3tteato	required for salaries of officers for the said public works hereby authorised to be constructed, shall be annually submitted to Parlia-
ment. 6, The

46" & 47' VICTORIJE, No. 297.

The Public Purposes Loan Act.-1883-4.

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

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 thc 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- Ret-.

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 of such account shall be forthwith published in the Government Gazette.

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

1883-4."

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

this Bill.

WILLIAM C. F. ROBINSON, Governor.

SCHEDULE,

46" & 47' VICTORIB, NO. 297.

The Public Ytwposes Loa?t Act.-1883-4.

-

SCHEDULE,

Railways-- g s. d. S S. d.

Hergott Springs to Strangways Springs,,. . 603,800 0 0

Palmerston to Pine Creek.. ,............. 959,300 0 0

Strathalbyn, Goolwa, and Victor Harbor-

and extension of line from Currency

Creekto Goolwa .................. 31,200 0 0

--p 1,594,300 0 0

Jetty-

Port Darwin, Northern Territory ........................ 57,000 0 0

...........-..... ...

4ddaidm : By authorit?, E. Srr~zsu, Government