Public Works Loan Act of 1866 (No 2) No 34a (NSW)

No. XXIII.

An Act to enable the Government to raise a Loan for certain Public Works. [22r?d December, 1866.]

thousand eight hundred and fifty pounds for the several purposes	WHEREAS it is expedient to authorize the Government to borrow certain sums of money amounting in the whole to Sixty-five
hereinafter specified Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legis­ lative Council and Legislative Assembly of New South Wales in
Parliament assembled and by the authority of the same as follows:—
1. It shall be lawful for the Governor with the advice of the Executive Council to raise by the sale of Debentures secured upon the Consolidated Revenue Eund of the Colony and bearing interest at a
rate not exceeding five per centum per annum such several sums of
money not exceeding in the whole the sum of Sixty-five thousand eight hundred and fifty pounds as may be required for the following several purposes not exceeding for the same respectively the several sums respectively set against such purposes :—
RAILWAYS : —

Engine Shed—Windsor and Richmond Railway	£3,000 0 0
Trial Surveys for the extension of the Great

Southern and Western Railways ... ... 5,000 0 0

Compensation for Land taken on the Ultimo

Estate 25,000 0 0

33,000 0 0

HARBOURS AND RIVERS : —

Bridge at Pitnacree-—further sum ... ... 900 0 0

Removing obstructions, and improving the navi­

gation of the Rivers Murray Murrumbidgee

and Darling 10,000 0 0

10,900 0 0

current annual Revenue of the Colony.

ROADS AND BRIDGES : —

Approaches to Ghindagai Bridge... ... ... 12,000 0 0

Road and Railway Bridge over the Murray at

Echuca 0,000 0 0

18,000 0 0

ELECTRIC TELEGRAMS : —

Extension from Cooma to Bombala	3,000 0 0
Extension from Newcastle to Wallsend ,	450 0 0
Extension to Bulli...	500 0 0

3,950 0 0

TOTAL £65,850 0 0

2. All sums borrowed under this Act shall be paid to the Colonial Treasurer and shall be by him placed to the credit of the Consolidated Revenue Fund and shall be applied towards the respective purposes for which the same shall have been so raised and shall be accounted for in the same manner as if they had formed part of the

3. The said Treasurer shall issue and pay the said several sums

for the purposes hereinbefore mentioned in such manner and in such

proportions as the Governor by any warrant or order in writing under his hand and directed to the said Treasurer shall from time to time order and direct And the payments so to be made shall be charged upon and payable out of the sums so borrowed as aforesaid.

4. The said Treasurer shall in his accounts from time to time be allowed credit for every sum of money paid by him in pursuance of such warrant or order in writing as aforesaid And the receipt of each and every person to whom the same shall be so paid shall be a full and valid discharge to the said Treasurer in passing his said Accounts for each sum therein mentioned and he shall receive credit

for the same accordingly.

5. This Act may be cited as the "Public "Works Loan Act

of 1866 (No. 2 ) . "