Public Purposes Loan Act 1892 (SA)

ANNO QUINQUAGESIMO QUIK TO ET QUINQUA-

GESIMO SEXTO

A.D. 1892.

No. 549.

An Act to provide Funds to the amount of One Million Thirteen Thousand Two Hundred and Seventy- Nine Pounds, for the Construction of various Public Works and other purposes.

[Assented to, Decemkr 17tlz, 1892.1

W HEREAS it is necessary to provide funds, by loan, for the Preamble. construction of various 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 assem- bled, as fdlows:

rate not exceeding Three Pounds Ten Shillings per centum per annum, to be paid half-yearly. The principal of suc'h stock shall be paid at a date to be fixed at the time of sale, and not being less than Both principal and interest shall be payable in London or in Adelaide. twenty-five years, nor more than fifty years, after the time of sale.

said province, from time t o time, to issue and sell inscribed or bonds. 1, It shall be lawful for the Treasurer for the time being of the Treasurer may i s m

registered stock, to be called '' South Australian Stock," for a sum

not exceeding in the whole One Million Thirteen Thousand Two

Hundred and Seventy-ninc Pounds, in such amounts as he may deem expedient.

2, All stock sold pursuant to this Act shall bear interest at a Nature of stork.

55" & 56" VICTORIS, No. 549. p P P

- --

The Public Purposes Loan Act.-1892.

Application of

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

the sale of such stock shall be carried by him to separate and distinct accounts, and shall be applied to the several purposes set forth in the Schedule hereto, cletails of which are contained in Parliamentary Paper No. 174~ of 1892, and to the extent therein set forth; and shall be so applied 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

authorise and direct.

Hedemption of stock. 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 raiscd and all interest thereon shall have been duly paid, to set apart such sum as shall suffice to pay the amount of stock payable or redeeniablc during thc ensuing half-year, togcthcr with interest upon all stock which shall then bear interest; and shall apply such sum in payment of such stock and intcrcst aforesaid.

Salaries t o be nub- 5, So much of the moncys raised under this Act as may bc

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

Advances. 0. 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 Responsible Minister of the Crown, for the purposes of this Act, any sums of money not exceed- ing in the whole the 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.

Short title. 7, This Act may be citcd as '' The Public Purposes Loail Act,

1892," and shall be incorporrtcd and rend as one with the " In-

scribed Stock Act of 1882."

In the name and 012 behalf of IIer Majesty, L hcrcby assent to

this Bill.

KINTO RE,	Governor.
SCHEDULE

55" Kr 56" VICTORIE, No. 549.

The Public Purposes LOQN Act.--1892.

SCHEDULE REFERRED TO.

-

.-a

&

Ruilwaya ...................................................... 489,639

Telegraphs .................................................... 5,300

Harbor Improvements, &c. ...................................... 9,540

Waterworks .............................................,.... 339,200

improvements on Pastoral Leases ................................ 159,000

Buildings ...................... .. ............................ 10,600 .

-.

$1,013,279

- -- -- -p---

- --- ..- p - -p. -p - - - .-

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