Public Purposes Loan Act 1898 (SA)

ANNO SEXAGESIMO PRIM0 ET SEXAGESIMO

SECUNDO

No. 707.

An Act to authorise the Treasurer to raise Moneys to the

amount of One Million Seven Hundred and Twenty-three Thousand Seven Hundred and

Fifty Pounds, for various Public Works, and for other purposes.

[Assented to, December 23 rd, 1898.1

E it.Enacted by the Governor, with the advice and consent of the

B Parliament of South Australia, as fo110ws:

'

1, This Act may be cited as " The Public Purposes Loan Act, Short title and 1898," and shall be incorporated with " The Consolidated Stock and incorporation. Sinking Fund Act, 1896."

time to time authorise and direct. 4. All under his hand, countersigned by the Chief Secretary, may from

2, The Treasurer may raise money to the amount of One Million Power to borrow.

Seven Hundred and Twenty-three Thousand Seven Hundred and Fifty Pounds, by the issue and sale of South Australian Consoli- dated Stock, or of Treasury Bills, such Treasury Bills bearing not more than three and a half per centum annual interest, and having not more than five years' currency, or partly one and partly the other.

3, A11 sums of money raised under this Act shall be carried by Application of

the Treasurer to separate and distinct accounts, and shall be applied moneY8-

to the several purposes set forth in the Schedule hereto, details of

which are contained in Parliamentary Paper No. 1 2 1 ~ of 1898,

and to the extent therein set forth; and shall be applied by the Treasurer in such amounts and manner as the Govtmr, by warrant

61" & 62' VICTORIA, No. 707.

The Public Pulpvses Loan Act.-1898.

S&riea to be sub-

mitted to Parliament. 4. All salaries of officers payable out of moneys raised under

this Act shall be annually submitted to Parliament.

Advance$.

5. The Governor may, by wanant, countersigned by the Chief Secretary, authorise the Treasurer to advance to the proper Rospon- sible Minister of the Crown, for the purposes of this Act, any sums of money not exceeding in the whole the sum hereby authorised to be raised; and an amount equal to the sums of money so advanced shall

be retained by the Treasurer out of any moneys raised by him under

the authority of this Act, and applied in repayment of the moneys so

advanced.

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

this Bill.

S. 5. WAY, Lieutenant-C rovernor.

SCHEDULE

6:" & 62' VICTORIW, NO. 707

8OHEUULE REFERRED TO,

.

S

Hailways ......... .". .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 183,000

Telegraphs .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 99,000

Harbor Improvements. ......................................... 60,000

Waterworks .........;........................................ 775,000

Drainage ................................................... : 120,000

Jetties ...................................................... 8,000

Construction of road^. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 50,000

Buildings, &C. ................................................ 70,000

Land Repurchase..	.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..	200,000
Qther Loan Works	............................................	115,000

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1,680,000

Add Estimated Cost of Floating Loan, &c. .............. 43,750

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