Treasury Bill Act 1872 (SA)

ANNO TRICESIMO QUINTO ET TRICESIMO SEXTO

A.D. 1872.

No. 19.

An Act to authorize and regulaIe the issue qf Deasuyy Bills.

[Assented to, 6th November, 18'72.1

E it Enacted by the Governor of the Province of South Aus- Preamble.

and Rouse of Assembly of the said Province, in this present	B tralia, with the advice and consent of the Legislative Council
Parliament assembled, as follows:

l. The Treasurer for the time being of the said Province may ~ ~ ~ ~ ~; b, ~ f ' e r a i ~ e

issue from time to time Bills, to be called* "Treasury Bills," for the ieaue of Treasury

BB

purpose of raising any sum or sums of money, not exceeding in the ' aggregate the sum of Sixty-Five Thousand Pounds. . s l "

2. All such Treasury Bills shall be prepared and made out at the FOm of Bills.

Treasury in Adelaide, in such method and form, and with coupons for the interest payable from time to time, as shall be prescribed by the Governor, with the advice of the Executive Council.

3. All such Treasury Bills shall be numbered consecutively, ~~~~;$e;;;.~ons to

beginning with a certain number and progressing arithmetically by units, and the coupons attached to every such Bill shall bear corrcs-

pending numbers,

4. All the said Treasury Bills shall be prepared and made out Counterfoils of sills to be prepared.

with such counterfoils as.shall be directed by the said Treasurer.

5. Unless otherwise directed by the aaid Treasurer, two counter- c o u n ~ ~ ~ may bo

foils in duplicate.

The Treasury Bilk Act.--187 2.

foils shall be made to every Treasury Bill; and one of such counter-

Cuetad~ofcoutcrfoils. foils shall remain in the Treasury, and the other shall be lodged

with and kept by the Auditor-General, subject to such directions as shall be given by the Governor, with the advice aforesaid, from time

c a e e or

destroyed.

to time for keeping, cancelling, or destroying the same.

Bills how to be signed

6, Every such Treasury Rill shall be signed by the said Treasurer, and shall be registered by the Auditor-General, and shall be issued for sums of Fifty Pounds, One Hundred Pounds, Five Hundred

and registered.

8ums.for which Bills

Pounds, or One Thousand Pounds respectively, and shall be payable

shall issue.

to the holders thereof, on presentation at the expiration of two years from the date of issue, and shall bear inteiest at and after

When pnyablo.

the rate of Threepence per diem for every One Hundred Pounds,

Rate of

to be computed from the day on which such Bills shall be respec- tively issued and bear date, and such interest shall be paid quarterly,

When interest

on presentation of the coupon by the holder of such coupon; but

payable.

no interest shall be payable on any such Bills after the expiration

of two years from thc date of the same respectively.

JJrincipal and intereat

to be paid out of

7. All the principal moneys mentioned in such Treasury Bills, and intended to be secured and made payable thereby, and all interest thereon, shall be a charge upon, and shall be paid out of, the General Revenue of the said Province.

General ltevenlle.

Billsandcouponsto

be payable at 8. All the said Treasury Bills, when due, and all coupons for

Treasury.

interest thereon, shall be payable by the said Treasurer at the

Treasury of the said Province.

Billa or coupons

detached may be 9. In case m y Treasury Bill, or the coupons attached thereto,

exchangedfor new	shall by any accident be defaced, the said Treasurer may from
Bills with new
coupons attached.	time to time, on such Bill and coupons being delivered up to him, cause a new Bill with a sufficient number of coupons attached thereto to represent the unpaid coupons attached to such defaced Bill to be made out and delivered to the holder of such defaced Bill in lieu of the Bill or coupons so defaced, and the Bill or
the Bill so to be made out in lien thereof shall have a likc currency, coupons so defaced shall be cancelled by the said Treasurer; and and shall, in all respects, be subject to the same rules, regulations, and provisions as by this Act are declared of and concerning the
Bill hereby authorized to be issued, and in substitution for which
such new Bill shall be made out &S aforesaid, and shall bear the same number or numbers, dates, and amounts, and bear the like interest, and have the same number of coupons as the Bill so cancelled bore respectively.
Provi8ionaatoBiVa
lost or destroyed.	10. h case proof shall be made to the satisfaction of the said Treasurer,by affidavit or otherwise, that any Treasury Bill has by mischa~ce been lost, burnt, or otherwise destroyed, it ful for the said Treasurer to cause the principal and inte- rest moneys due upon such Bill so lost, burnt, or otherwise des- troyed to be paid at maturity to the person or persons claiming to

have

The Treasury Bills Act.--1872.

have been the last holder or holders of the said Bill, in like manncr Prwim asto scuritJ.

as if the original Bill had been brought in to be paid off: Provided that the person or persons so receiving the principal money and interest in respect of such Bill alleged to have becu lost, burnt, or otherwise destroyed, shall give security to the satisfaction of the said Treasurer against any lawful claim which inay be made upon the said Treasurer, or the Government of the said Province, in respect of the Bill so alleged to have been lost, burnt or dcstroycd.

11. Any such Treasury Bills. may be negociated, sold, or disposed HOW Biuatobe negociated,

of by the said Treasurer, who may fix the limit of price bclow which

the said Bills shall not be so negociated, sold, or disposed of.

12. All Treasury Bills issued under this .4ct, which shall be paid ~;;;;$glf, die-

off and discharged, shall he cnnccllcd; ancl after being so cancelled,

and the accounts thereof having been audited and allowed, and the counteifoils delivered back into the Treasury, all such Bills, together with such counterfoils, shall be burned or otherwise destroyed under the authority of the said Treasurer.

13. Whosoever shall forge, fabricate, or counterfeit, wliolly or in counterfeiting Bills

part, any papcr, writing, orsinstrurnent purporting to be a ~ k e a s u r ~ ~ ~ u $ ~ f ~ ~

Bill, under or according to this Act, or who shall forge, counterfeit, alte;, add to, obliteraic, or wilfully mutilate or dc&& any word, letter, or figure in or upon any such Treasury Bill, or who shall fill up with any word, letter, or figure any blaiilr space in or upon any such Treasury Bill, whether issued or not, and whether wholly or partly made under this Act, or who shall nttcr, pass, or ncgoc;ate, or attempt to utter, pass, or negotiate, any such forged, fabricated, counterfeited, altered, added to, obliterated, wilfklly mutilated, or defaced or filled-up Bill, as aforesaid, knowing the same to bc so, shall be guilty of felony, and being convicted thereof shall be liable, at the discretion of the Court, to be kept in penal servitude for life or for any term not less than three years, or to be imprisoned for any term not exceeding two years with or without hard labor or

with or without solitary confinement.

14. Al! such sums of money as shall be raised by Treasury Bills Monoya raieed to

under the authority of this Act, shall be carried to and form part of form	Revenue.	part of General
the General Revenue of the said Province, and shall be expended by the Treasurer, subject to the warrant of the Governor, issued with the advice of the Executive Council, in and upon the construction of main roads and bridges in the said Province, in the manner specified in the Schedule to this Act annexed.

In the name and on behalf of the Queen, 1 hereby

assent to this Bill.

JAMES FERGUSSON, Governor,

THE

THE SCHEDULE.

--

S 8. d.

To Central Road Board, for construction of roads .. .. 34,000 0 0

.. . .. .. ,, .

Mount Clambier Local Road Board, for construction of roads... . 8,000 0 0

Port Augusta Local Road Board, for construction of roads.. .. .. 1,950 0 0

Part Lincoln Local Road Board, E m construction of roads .. .. . . 800 0 0

BRIDGES-

+Port Bridge .. .. .. .. .. .. .. .. .. . . ., . . . . . .. .. .. .. .. .. .. . . ., . 7,200 0 0

Onkaparinga Bridge, near Wheatsheaf .. .. .. . . ., . . . .. .. .. .. .. . 1,400 0 0

Bridge at Snake Gully. . . . . .. .. .. . .. .. .. .. .. . . . . .. ,. . .. .. .. . 1,000 0 0

Bridge over the Gilbert, near Hamley Bridge 1,400 0 0

. . . .. . .. ,. . . . . ., .

Bridge at Redbanks, as per Mr. Macaulay's catimate . .. . . .£3,636

Less available amount for Ford . . .. . .. . . ... . .. . .. £636

3,000 0 0

Bridge at Whitwarta and Crossing over Lake Diamond . . . . . .. , .. 1,000 0 0

$59,750 0 0

Amount available for Commissioner of Roads, for construction of roads	5,000	0 0
Amount available for Port Lincoln Crossing (to be expended by Port

Augusta Local Road Board),. .. . .. ,. .. . . . .. . . . . .. . .. . .. 50 0 Cl

Amount available for Wangary and Warrow Road (to be expended

by Port Llncoln Local Road Board) 200 0 0

. .. .. , . . . .. .. . . .. . ..

365,000 0 C)

Adalaide. By authority, W. C. Cox, Government Printer, North-terrace.