Public Purposes Loan Act 1885 (SA)

ANNO QUADRAGESIMO OCTAVO ET QUADRAGESIMO

NON0

No. 362.

A11 Act to provide Funds to the amount of One Million Three Hundred and Thirty-two Thousand Four Hundred Pounds, for various Public Works, and other purposes.

[Assetz ted to, Decew bcr rrt?~, 188'. 1

THEREAS it is necessary to provide funds by loan for various

m Province of South Australia, with the advice and conscnt of the public purposes-Be it Enacted by the Governor of the

Legislative Council and House of Assembly of the Province of

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

in consideration of the sum of

Pounds, paid to me for public purposes, do hereby

biud

1, It shall bc lawful for thc Treasurer for the time being of the Treasurer may issue bonds.

said province, from time to time, to issue and sell bonds for a sum not exceeding in the whole One Million Three Hundred and Thirty-two Thousand Four Hundred 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. Form of bond.

No. [Royal Arms.] KO.

(Authorised by Act of Parliament, No. of 1885.)

.S 32'

I, the Treasurer of the Province of South Australia,

48" & 49' VICTORIE, No. 362.

The P ~ b l i c Puposes Loan Act.-1885.

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 centurn pcr annum; such interest to be payable on the first day of April and the first day of OctoBer in every year, arld the principal to bc paid on the first day of, in the year onc thousand nine hundred anti

Sealed with my seal. Dated the day of

one thousand eight liundred and

Signed: sealecI, and delivered i n

the presence of

(Bond transferable by dclivcry.)

And the principal and intmest shall he 1)ayzible a t the Trwsury in Adelaide, or i n Londw :it tllc offirc of 'the South Australian Government- the place of pavment being ilcclarcd at tinle of such salc and duly notified oil the i lhdb.

Interest not to exceed 2, The said bonds shall bcar interest at a rate not exceeding

four per cent.

Four Pounds per centum pcr nnnum; and thr int~~.c.st ancl principal

upon such bonds shall lw l t i l l t l to the lroltlcr tlscwof at such place

;ind. at s u d ~ t in~c as nrny he specified or p~ov ided thcrcin: Prn-

When payable.	videil that the principal shall not. 11r pyah l r 01. pit1 1)efore thc cxpirntion of thirty -yc~1r.s. : ~ r l t l t l ~ r tirnc* itppoiiltcci fo r payment
thereof shall not, estcnd bclvond fifty years f i o n ~ thc time of the
issue of thc. said bonds.

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

moneys.	the securities of the said bonds shall be carried by him to separate and distinct accounts, and shall bc applied to the sev~ral purposes set forth in the Scherlule hereto, details of which are contained in Parliamentary Yaper No. 21 of l&!%, and to the cxtcnt thcrcin sct forth; and shall be so applied by thc Trcnsurcr in such amounts
and manner as the Governor, hy any warraut under his hand, countersigned by the Chief Secretary, may from time to timc autho-
rise and direct.
Redemption of honds.	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 thc whole amount so raised, and all interest thcrcon, shall have been duly paid, to set apart such sum as shall suffice to pay the amount of bonds redeemable during t.he ensuing hlf-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- 5. So much of the moneys raised under this Act as. may be

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

6. The

48" & 49' VICTORIK, No. 362.

The Public Purposes Loan Act.-1885.

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

hand, countersigned by the Chicf Secretary, authorise the Treasurer to advance and to pay to the proper Rcsponsible Minister of the Crown, for thc purposes of this Act, sny sums of moncy not exceeding iu the whole the sum hereby authorised t.~, be rrtised; and any sums of moncy so advanced and paid shall bc 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 Septem- Returne.

ber in each pear, 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 mii expenditure, with a statement of the balance of sllch account, duly audited aInd certified by thc Commis- sioners of Audit, and n ropy of such account shall be forthwith published in the Gavernmvnt Gr~xetle.

8, The Government shall not expend any portion of the Four Money not to be expended without

Hnndrecl and Twenty T11ousrtnd Pounds here by authorised to be ,,,,ion

of

borrowed t'or water conservation without first having obtained the liament.

consent of Parliament to such expenditure.

9. This Act may be cited as The Public Purposes Loan Act, Short title.

1885."

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

this Bill,

WILLIAM C. F. ROBINSON, Governor.

SCHEDULE.

48" & 49' VICTORIW, NO. 362.

The Public Purposes Loan Act.-1885.

- 7 ,

SCHEDULE.

Railways ......................................................

Waterworks .................................................

New Parliament Buildings ......................................

New Qovernment Offices (to complete) ............................

Northern Territory ...........................................

Defences ......................................................

Telegraph and Telephone Extension ..............................

Harbor Improvements ..........................................

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Adelaide: By authority, E. QPI&EB, Qovernmant printer, North-terrace.