Public Purposes Loan Act 1894 (SA)

ANNO QUINQUAGESIMO SEPTIMO ET QUINQUA-

GESIMO OCTAVO

VICTORIA: REGINB.

A.D. 1894.

No. 611.

An Act to provide Funds to the amount of Eight Hun- dred and Thirty-nine Thousand Five Hundred Pounds for the Construction of various Public Works and for other public purposes, and for other purposes.

[Assented to, Decernkr zrst, 1894.1 L

it Enacted by the Governor of the Province of South Aus- Preamble.

tralia, with the advice and consent of the Legislative Council

and House of Assembly of the said province, in this present Parlie	BE
ment assembled, as follows:

611

1, I t shall be lawful for the Treasurer for the time being of the Treasurer may issue B ~ ~ ~ ~ -

mid province, from time to time, to issue and sell bonds or inscribed or registered stock for a sum not exceeding in the whole Eight Hundred and Thirty-nine Thousand Five Hundred Pounds, in such amounts as he may deem expedient.

ceeding Three Pounds Ten Shillings per centum per nnnum, to be stock. 2, All such bonds or stock shall bear interest at a, rate not ex- Nature of bonds or

paid half-yearly. The principal of such bonds or stock shall, after a date to be fixed at the time of sale, and not being less than twenty years after the time of sale, be redeemable at par in all or by instalments at the option of the Treasurer, after not less than six months' notice to the holder in the London Gazette, the London Times newspaper, and the Houth AustraZian Government

Gazette. Both principal and interest shall be payable in London or in Adelaide, as may be fixed at the time of sale.

3, The

2 57' & 58" VICTORIW, No. 611. -

Public Purposes Loan Act,-1894.

~onm. of bonds. 3. The bonds issued under this Act ma.y be in the form following,

that is to say :-

South Australian Government Revenue Securities.

No. [Royal Arms.] No.

Authorised by Act of Parliament, No. of 1894.

S .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 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 and the

first day of in every year, and the principal to be

paid on .

Sealed with my seal,

Dated the day of

Signed, sealed, and delivered

in the presence of-

(Bond transferable by delivery.)

Applioation of

money. 4, All sums of money raised and received by the Treasurer upon

the sale of such bonds or stock shall be carried by him to separate

and distinct accounts, and shall be applied to the several p&poses set forth in the Schedule hereto, details of' which are contained in Parliamentary Paper No. 1 4 0 ~ of 1894, 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.

ba@mptionoffitock. 5. 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 have been duly paid, to set apart such sum as shall suffice to pay the amount of bonds or stock payable or redeemable during the ensuing half-year, together with interest upon all bonds or stock which shall then bear interest; and shall apply such sum in payment of such bonds or stock and interest aforesaid.

Sahriea to be sub- 6, So much of the moneys raised under this Act as may be

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.

Ad~ancee. 7, 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,

57' & 58" VICTORIW, No. 61 I. - ---

The Public Purposes Loapc Act.-1894.

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.

8. The Treasurer may raise such portion of the loans, authorised Treasurer may raiet portion of loane

by The Public Purposes Loan Act, 1890," and " The Public authodaad by

Purposes Loan Act, 1892," as he shall think proper and as he may 491 of 1890 and 649 of 1892 by sale of

issue and sale of bonds instead of by the issue and sale of inscribed

or registered stock, and such bonds may be in the form hereinbefore

provided, and such bonds shall bear interest at the rate of Three

have agreed to sell to the Savings Bank of South Australia, by the bond8. and the principal shall be paid at a date of forty-five years from the date of sale, and both principal and interest shall be payable in Adelaide or in London.

9, This Act may be cited as " The Public Purposes Loan Aot, Bhort title.

1894," and shall be incorporated and read as one with the " In-

scribed Stock Act of 1882."

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

this Bill.

KINTORE, Governor.

SCHEDULE.

l%e Public Purposes Loan Act.-1 894 .

SCHEDULE REFERRED TO .

Railways and Equipment ............................. .. .....

Waterworkrr ..................................................

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

Jetty ........................................................

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

Construction of Roads ..........................................

Improvements on Pastoral Leases ................................

Buildings,	&c .................................................
Drainage	....................................................

Other Loan Works ............................ .. .. .......*. ..

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Adelaide : By authority, C . E . Baxs~ow, Government Printer. North.terrace