Public Works Loan Act of 1888 (NSW)

No. XVII.

P n ii.ic W orks

All Act to authorize the raisins;* of a Loan for Loax.

the Public Service of the Coloiiv and for */■

otlier purposes. July, 1888.]

T T T IIE llE A S it is expedient to autliorize tlie Governor, with the Preamble.

V V adviee of the Exeentiro Conneil, to raise by way of Loan for

the rnhlic Serviee of the Colony, eertain sums of money amounting in the whole to Three million six hundred and forty-one tliousand tliree hundred and five pounds for the several purposes hereinafter 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. It shall he lawful for the Governor, with the adviee of the Loan of £3,nn,305.

Executive Council, to raise by the sale of Echentures or the issue oC Inscribed Stock, secured upon the Consolidated Bevenue Eund of the Colony, and hearing interest at a rate not exceeding four per centum per annum, such several sums of money not exceeding in the Avholc the sum of Three million six hundred and forty-one thousand

three

206 No. 17. 52̂ VIC. 1888.

Public Works Loan.

three hundred and five pounds, as may he required for the following Public Works and Services, hut not to exceed the several sums herein­ after respectively set against such Services, that is to say :—

F O B T ir iC A T IO V S —

Cost of Warlike Materials ordered from

England in 1885, and other expenses con­

nected with the Fortifications of the Colony Cost of Warlike Stores, new Submarine Mining £250,000 0 ■ 0

and Electric Light stores, boats, &c. ... 22,280 0 0

272,280 0 0

PtTECnASE of Land at Circular Quay from the

Australasian Steam Navigation Company for

extension of wharf accommodation ... 275,000 0 0

P urchase of Land at Dawes’ Point, Circular Quay,

for extension of wharf accommodation ... 29,008 0 0

304,008 0 0

H arbours a>"d E it e r s B ra nch—

Towards Newcastle Harbour Improvements,

Shipping Facilities, and Eemoval of Eock 50,000 0 0

Circular Quay Improvements ... ... 120,000 0 0

Woollooniooloo Bay Improvements ...	42,000 0 0
Trial Bay Harbour Works—further sum	10,000 0 0
Dredge and Punts to ho used first on the

Myall Eivcr ... ... ... ... 8,000 0 0

Byron Bay Jetty—further sum ... 3,000 0 0

Lake Macquarie Harbour Works (North

Breakwater Extension)—further sum 13,500 0 0

Towards reclamation of Snail’s Bay ...	5,000 0 0
Towards completion of New Dock, Biloela—

further sum ... ... ... ... 85,000 0 0

Towards improving the navigation of the Dar

ling and Murrumbidgee Eivers ... 20,000 0 0

Further for Country Towns Water Supplies, inclusive of Loans in certain cases to be made to Municipalities which have con­ structed, or may be authorized by the Governor-in-Council to construct Water­ works, but subject to similar terms of re­ payment as are prescribed by the Fifth Part of the Act, intituled “ An Act to establish a System of Water Supply and Sewerage for

certain Toions," 44 Victoria, No. 14 ... 150,000 0 0

Towards extending the reticulation, and carry­

ing out other necessary works relating to

the Sydney and connected Water Supplies

in the County of Cumberland ... ... 150,000 0 0

Sydney Water Supply—further sum ... ... 55,000 0 0

For construction of a Storage Eeservoir at

Potts’ Hill, in connection with Sydney

Water Supply ... ... ... ... 120,000 0 0

For laying a second pipe between Potts’ Hill

and Crown-street, in connection with Sydney

Water Supply ... ... ... ... 165,000 0 0

Extension of Sydney Water Supply to Western

Suburbs and District north of the Parramatta

Eiver ... ... ... ... ... ... 150,000 0 0

Dredge and Plant for Sydney Harbour ... 30,000 0 0

Eichmond Eiver Improvements ... ... 50,000 0 0

Eeclamation and Dredging Works, Cook’s

Eiver ... ... ... ... ... ... 75,000 0 0

1,301,500 0 0

C olon ia l A r c h it e c t—

Australian Museum Extension ... ... 12,000 0 0

Fortifications and Defence Works generally—

further sum ... ... ... ... ... 125,000 0 0

Darlinghurst Court-house, Additions—fui’ther

sum ... ... ... ... ... ... 5,000 0 0

Bathurst Gaol, Erection of—further sum ... 12,000 0 0

New Central Police Court ... ... ... 30,000 0 0

Carried over ... ... £184,000 0 0

Carried over ... £1,877,788 0 0

1888. 52“ VIC. No. 17. 207

’Public TVorlis Loan.

Brought over... ... £1,877,788 0 0

C o lo n ia l A u c iiit e c t— continued.

Brought over ... ... £184,000 0 0

Towards completion of buildiiigs and otlier

works in connection with Naval Stations ... Light-houso, Smoky Cape 105,000 0 0

... ... ... 18,000 0 0

Completion of Lands Oliice .. ... ... 100,000 0 0

Compensation for Land taken for New

General Post Office ... ... ... ... 10,500 0 0

Purchase of Site for Court-house at Parramatta	.	8,075 0 0
General Post Office—further sum for addi­

tional works ... ... ... ... ... 7,000 0 0

550,175 0 0

H oads and B m d o e s —

Bridge over Goulburn liiver ... ... ... 12,000 0 0

Iron bridge over Hunter River, between

Aberdeen and Singleton ... ... ... 11,000 0 0

Iron bridge over Hunter River, between

Maitland and Branxton ... ... 12,100 0 0

Bridge at Sjiit, Middle Harbour	...	02,000 0 0
Bridge, Darling River, Wilcannia	...	12,000 0 0

Bridge over Darling River, at Wentworth	15,000 0 0
Bridge over Bega River, at Tarraganda	15,030 0 0

Bridge over the Murrumbidgee, at Narraudera , 12,000 0 0

152,030 0 0

S ew ekaoe D e I’ARTIIENT—

Purther sum for completion of works reported

upon by the late Mr. Clark, M.I.C.E. 18,000 0 0

Bourke-street Branch	5,914 0 0
Riley-street Branch	4,898 0 0
I’yrmont Branch	15,000 0 0

Potts’ Point and Elizabeth Bay Branch	,	10,000 0 0
Darling Point Branch .	,	5,000 0 0

Paddington	...	,	13,000 0 0
Woollahra	...	10,000 0 0
AV averley	,,.	7,000 0 0
APaterloo	...	.	18,000 0 0
Alexandria	,..	.	14,000 0 0
I’arramatta	...	.	10,000 0 0

Resumption of laud, temporary occupation; claims for damage, contracts 21 and 22; further sum for Comber-sfi'cct Sewer, and alterations to Syphon Bridge at Cook’s River, including moving span and rolling-

stock for Sewage Earm ... ... ... 10,000 0 0

140,812 0 0

R ailw a y s—

Homebush to AYaratah—Amount required to

cover cost of constructing nine iron bridges

and eight tunnels for a double line ... 405.000 0 0

North Shore Railway, from Junction to near

Crow’s Nest ... ... ... ... ... 70,500 0 0

Bolling stock and machinery for Railways

generally ... ... ... ... ... 200.000 0 0

Trial Surveys ... ... ... ... ... 30,000 0 0

Alterations and additions to Railway Station

Buildings, increased siding accommodation

and other facilities to meet increasing traffic

on the Railways and Tramways ... ... 200,000 0 0

005,500 0 0

T otal ... ... £3,641,305 0 0

2. All sums borrowed under this Act shall be paid to the Bums borrowed Low

Colonial Treasurer and shall ho by him placed to a separate credit, to	accounted for.
he called “ The General Loan Account.”

3. A ll Stock or Debentures, created or issued for the purposes of Power to Trustees

this Act, shall he “ Government Stock” and a “ Government Security” within the meaning of the Act twenty-sixth Victoria number twelve (the “ Trust Property Act of 1862”), and of the Act seventeen Victoria

number

208 No. 17. 52 ̂VIC. 1888.

Public Works Loan.

number twenty-six, or any Act in force for the time being relating to Friendly Societies, and all corjiorations, companies, or co-partnersbips, and all trustees, executors, and administrators, wbether incorporated, establislied, or appointed before or after tbe passing of this Act, not expressly forbidden to invest tbeir funds in the purchase of Government Stock or securities by tbeir charter. Act of Incorporation, deed of settlement, or of partnership, trust, deed, settlement, testamentary or otlier 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 without incurring or committing any breach of trust or of any condition, restriction, or provision contained in any such Act, charter, or other instrument Avhatsoever as aforesaid.

Regulftiior.s (o le 4. The Governor, ivith the advice of the Executive Council, may

nuide.

make regulations, not being inconsistent ivith the provisions of the “ Inscribed Stock Act of 1883,” for carrying this Act into effect. And such regulations shall be published in the Government Gazette and laid before Parliament, within fourteen days after the publication thereof if Parliament be then sitting, and if Parliament be not sitting then within fourteen days after the next Session thereof.

Treasurer to pay

under Governor’s 5. The said Treasurer shall issue and pay the said several sums

warrant	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.
for same.
and to receive credit	6. The said Tr('asurcr shall, in his accounts from time to time, be allowed credit for every sum of money paid by him in pursuance of such Avarrant or order in writing as aforesaid. And the receipt of any person to Avhom the same shall be so paid shall be a full and valid discharge to the said Treasurer iu passing his said accounts for each sum therein mentioned, and he shall receive credit for the same accordingly.

Limitation of use of ̂

7. Nothing in this Act contained, or in the Act forty-two AGctoria, number sixteen, shall authorize the use of any money borrowed thereunder for Avorks or services other than those named therein, and approved by Parliament in terms of the Act fifty-one Victoria, number thirty-seven.

money borrowed.

Sliort title. 8. This Act may bo cited as the “ Public Works Loan Act of

1888.”