Public Works Loan Act of 1886 No 33a (NSW)

No. X X V I I I .

An Act to authorize the raising of a Loan for

the Public Service of the Colony, and

for other purposes. [25th October, 1886.]

WHEREAS it is expedient to authorize the Governor with the advice of the Executive Council to raise by way of Loan for	the Public Service of the Colony certain sums of money amounting
in the whole to Three million one hundred and fifteen thousand three hundred and ninety-three pounds for the several purposes herein­ after specified Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :—
1. I t shall be lawful for the Governor with the advice of the Executive Council to raise by the sale of Debentures or the issue of Inscribed Stock secured upon the Consolidated Revenue Fund of the Colony and bearing interest at a rate not exceeding four per centum per annum such several sums of money not exceeding in the whole the sum of Three million one hundred and fifteen thousand three hundred and ninety-three pounds as may be required for the following Public Works and Services but not to exceed the several sums hereinafter respectively set against such Services that is to say :—
HARBOURS AND E I V E R S BEANCH—•

Further for Country towns Water Supplies inclusive of Loans in certain cases to be made to Municipalities which, have been constructed or may be authorized by the Governor-in-Council to construct Water Works but subject to similiar terms of repayment as are prescribed by the fifth part of the Act intituled " An Act to estab­ lish a system of Water Supply and Sewerage

for certain Towns" 44 Victoria No. 14 ... £100 ,000 0 0

Sydney Water Supply Works inclusive of cost

of Temporary Supply—-further sum ... 474,353 0 0

Circular Quay—wood paving and other im­

provements 9,000 0 0

Wollongong—towards deepening Harbour ...	9,000 0 0
Trial Bay—-Prison Buildings and Breakwater	10,000 0 0
Blackwattle Bay—construction of Whar f and

Wal l 7,500 0 0

609,853 0 0

COLONIAL A R C H I T E C T ' S B B A N C H —

Purchase of Land Phillip and Hunter Streets

—for Police and other Public Offices ... 26,710 0 0

University Medical School	36,000 0 0
Completion of the New General Post Office ...	42,000 0 0
Bathurst Gaol—completion of the	20,000 0 0

Dubbo Public Buildings including Site	...	11,000 0 0
Erection of Gaol at Bega	8,000 0 0

143,740 0 0

ROADS	AND	B R I D G E S	B E A N C H —
IronBridge over Gwydir or Big River at Bingera	5,300	0	0
Iron Bridge over Snowy Eiver at Buckley's Crossing (Ro-vote £5,000—further sum

£ 3 , 5 0 0 ) 8,500 0 0

Iron Bridge Barwon River at Brewarrina—

further sum 5,000 0 0

Iron Bridge Mulwala (moiety to be paid by the

Government of Victoria) ... 5,000 0 0

23,800 0 0

Carried over £777 ,393 0 0

Brought over £ 7 7 7 , 3 9 3 0 0

S E W E R A G E B R A N C H —

Sydney Sewerage Works—Works in progress contracts to he let

and resumption of land... . . . . . . ... . . . . . . 2 5 0 , 0 0 0 0 0

R A I L W A Y B R A N C H —

Towards completion of Lines—

Tamworth to Tenterfield—further sum ... 2 5 0 , 0 0 0 0 0

Wallerawang to Mudgee „ ... 3 5 , 0 0 0 0 0

Albury to River Murray „ ... 2 8 , 0 0 0 0 0

Doubling line to Penrith ,, . . . 7 0 , 0 0 0 0 0

Sydney to Wollongong and Kiama ... . . . 660 ,000 0 0

Cootamundra to	Gundagai	4 0 , 0 0 0	0	0
Trial	Surveys	2 5 0 , 0 0	0	0

Rolling Stock and Machinery 5 8 0 , 0 0 0 0 0

Purchase of Railway Stores 3 0 0 , 0 0 0 0 0

— 1 , 9 8 8 , 0 0 0 0 0

E L E C T R I C T E L E G R A P H S —

Construction and extension of Telegraph Lines generally—further

sum 1 0 0 , 0 0 0 0 0

TOTAL £ 3 , 1 1 5 , 3 9 3 0 0

2. All sums borrowed under this Act shall bo paid to the

Colonial Treasurer and shall be by him placed to a separate credit to
be called " The General Loan Account."

3. All Stock or Debentures created or issued for the purposes of

this Act shall be " Government Stock" and a " Government Security" within the meaning of the Act twenty-six Victoria number twelve (the " Trust Property Act of 1862") and of the Act seventeen Victoria number twenty-six or any Act in force for the time being relating to Friendly Societies and all corporations companies or co-partnerships and all trustees executors and administrators whether incorporated established or appointed before or after the passing of this Act not expressly forbidden to invest their funds in the purchase of Government
Stock or Securities by their Charter Act of Incorporation deed of
settlement or of partnership trust deed settlement testamentary or other instrument whatsoever respectively arc hereby authorized and empowered to invest such funds in the purchase of and to hold stock created or debentures issued under or for the purposes of this Act withour incurring or committing any breach of trust or of any condition restriction or provision contained in any such Act charter or other instrument whatsoever as aforesaid.

4. The Governor with the advice of the Executive Council may

make Regulations not being inconsistent with the provisions of the " Inscribed Stock Act of 1883" for carrying this Act into effect. And

laid before Parliament within fourteen days after the publication such Regulations shall be published in the Government Gazette and	thereof if Parliament be then sitting and if Parliament be not sitting
then within fourteen days after the next Session thereof.
5. 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 or applied as aforesaid.
6. 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 any 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.

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

1886."