Telephone Regulations (Amendment) (Cth)

STATUTORY RULES.

1914. No. 144.

REGULATIONS UNDER THE POST AND TELEGRAPH ACT 1901-1913.

(Issued provisionally as Statutory Rules 1914, No. 12.)

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the undermentioned amended Regulations under the Post and Telegraph Act 1901-1913, namely:—

Telephone Regulations 1913.

(Statutory Rules 1913, No. 349.)

Regulations 106 and 107,

to come into operation forthwith.

Dated this tenth day of October, One thousand nine hundred and fourteen.

R.M. FERGUSON,

Governor-General.

By His Excellency’s Command,

W. G. SPENCE.

Telephone Regulations 1913.

(Statutory Rules 1913, No. 349.)

Regulations 106 and 107 under this head are repealed, and the following regulations are inserted in their stead:—

106. If the line is not likely to yield, annually, an amount sufficient to provide—

(a) For the cost of operating the line; and

(b) Ten per centum of the cost of constructing the line and supplying the instruments (to cover maintenance, renewals, &c.)

(which amount is referred to in this part of the Regulations as a minimum revenue), the applicants shall, for the purpose of guaranteeing the receipt of that amount, comply with the following conditions, namely:—

(i) The applicants shall deposit with the Postmaster-General a sum of money equal to fifty per centum of the difference between the estimated revenue from the line for two years and the minimum revenue for two years.

C.13615.—Price 3d.

(ii) The applicants shall enter into a joint and several bond in a sum to be fixed by the Postmaster-General, conditioned to make good, during a period of seven years after the completion of the line, an amount equal to fifty per centum of the amount by which—

(a) the estimated revenue, or

(b) the actual revenue (whichever of these is the greater)

falls short of a minimum revenue: Provided that if the revenue received in any year exceeds the minimum revenue, fifty per centum of the excess shall be applied to reduce the guarantor’s liability in respect of the deficiency in the revenue received for any year during the guarantee period.

107. The sum deposited with the Postmaster-General shall be paid to the Trust Fund, and such sum shall be available for the purpose of making good, in any year, fifty per centum of the amount by which—

(a) the estimated revenue, or

(b) the actual revenue (whichever of these is the greater)

falls short of a minimum revenue, and the sums required for that purpose may be withdrawn from the Trust Fund, and the accrued interest thereon, where necessary, may also be drawn from an Expenditure Vote, and paid to the Consolidated Revenue Fund at such times as the Postmaster General thinks fit: Provided that fifty per centum of any amount by which the revenue received in any year exceeds a minimum revenue may be applied to reduce the guarantor’s liability in respect of the deficiency in the revenue received for any year during the guarantee period.

Printed and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.