The Public Purposes Loan Act 1902 (SA)

ANNO SECUNDO

EDWARDI V11 REGIS.

A. D. 1902.

No. 809.

An Act to authorise the Treasurer to raise Moneys to the amount of Four Hundred and Ninety-three Thou- sand Five Hundred Pounds for various Public Works, and for other purposes.

[Assented to, November y th, 1902.1

E it Enacted by the Governor, with the advice m d consent of

B the Parliament of South Australia, as follows:

1, This *4ct may be cited as " The Public Purposes Loan Act, short title and

1902," and shall be incorporated with "	'l'he Consolidated Stock and incorporation.
Sinking Fund Act, 1896."

809

2, The Treasurer may raise money to the amount of Four Powertoborrow.

Hundred and Ninety-three Thousand Five Hundred Pounds, by the issue and sale of South -4ustralian Consolidated Stock, or of Treasury Bills, such Treasury Hills 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. All sums of money raised under this Act shall be carried by Application of

the Treasurer to separate and distinct accounts, and shall be applied to the several purposes set forth in the Schedule hereto, details of which are contained in Parliamentary Paper No. 8 1 A of 1902, and to the extent therein set forth; and shall be applied by the Treasurer i n such amounts and manner as the Governor, by warrant under his hand, countersigned by the Chief Secretary, may from time to time authorise and direct.

4. All

2 2 O EDWARDI VII, No. 809.

The Public Purposes Loan Act.-1 902.

Saltuiecr 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.

Advances.

5. The Governor may, by warrant, countersigned by the Chief Secretary, authorise the Treasurer to advance to the proper Respon- sible Minister of the Crown, for the purposes of this Act, any sums of money not exceeding in the whole thc mm 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

a dvanced.

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

this Bill.

S. J. WAY, Lieutenant-Governor.

' 2 EDWARDI VII, No. 809.

The Public Purposes Loan Act.-1902. - ---p- --

SCHEDULE REFERREI) TO.

;E

Defences ..................................................... 62,000

Waterworks. .................................................... 145,000

Drainage ...................................................... 20,000

Buildings, &C.. ................................................ 21,650

Land Repurchase	...............................................	200,000
448,650

Add Estimated Cost of Floating Loan, &c. ............... 44,850

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Adelaide : By authority, C. E, Bsrs~ow, Oovernment Printer, North Terrace.