The Public Purposes Loan Act 1905 (SA)

ANNO QUINTO

EDWARDI V11 REGIS.

A.D. 1905.

No. 903.

An Act to authorise the Treasurer to raise Moneys to the amount of Eight Hundred and Sixty-two Thousand Three Hundred Pounds for various Public Works, and for other purposes.

[Assented to, December @h, 1905.1

E it Enacted by the Governor of the State of South Australia,

B with the advice and consent of the Parliament thereof, as

follo W S :

903

1, Thie Act may be cited as " The Public Purposes Loan Act, Short title and

1905," and shall be incorporated with The Consolidated Stock and incOvo'On.

Sinking Fund Act, 1896," and ' ' The Redemption of Public Securities

Act, 1905."

2. The Treasurer may raise money to the amount of Eight ~ ~ ~ e r t o b ~ n ~ ~.

Hundred and Sixty-two Thousand Three Hundred Pounds, by the issue and sale of South Australian Consolidated Stock, Inscribed Stock, or of Treasury Bills, such Inscribed Stock and Treasury Bills bearing not more than four per centum annual interest, interest payable half-yearly: Provided that the principal of Inscribed Stock shall nut be payable or paid before the expiration of fifteen years, and the time appointed for payment thereof shall not extend beyond thirty years from the time of issue of the said Inscribed Stock; and the principal of Treasury Bills shall be payable to the holder thereof on presentation at the due date thereof, being not more than seven years from the date of the issue of such Treasury Bills.

3.

2 5' EDWARDI VII, No. 903.

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The Public Purposes Loan Act.-1905.

Application of

moneye. 3, All sums of money raised under this Act shall be carried by

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 So. 8 1 ~ of 1905,

and to the extent therein set forth; and shall be applied by the Treasurer in 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.

~rnue--EXP~US~ 4. For paying any expenses in connection with the issue of any

incurred.	Stock or Treasury Bills sold under this Act, the Treasurer may sell
an additional amount of Stock or Treasury Bills to cover the
necessary expenses of such sales.

Salaries to be eub-	5, All salaries of	officers payable out of moneys raised under
mitted to Parliament.

this Act shall be annually submitted to Parliament.

Adrnncee. 6. The Governor may, by warrant, countersigned by the Chief Secretary, authorise the Treasurer to advanck to the proper Respon- sible Minister of the Crown, for the purposes of this Act, any sums of money not exceeding in the whole the sum 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 advanced.

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

this Bill.

GEORGE R. LE HUNTE, Governor.

5" EDWARDI VII, No. 903.

The Public Purposes Loan Act.-l 905.

SCHEDULE REFERRED TO.

Railways ......................................................

Telegraphs .. .. . .. .. .. .. .. .. .. .. ,, .. . .. .. .. .. .. .. . .. . .. .. .. . .. .

Harbor Improvements .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

Waterworks ....................................................

Drainage ..................,...................................

Buildings, &C.. ., .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .

Other Loan Works ..............................................

Land Repurchase ,. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ... .. .. .. ..

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Adelaide: By authority, C E. Bme~ow, Government Printer, North Terraoe.