University Medical School Act 1955 (WA)

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Western Australia

University Medical School Act 1955

This Act was repealed by the Statute Law Revision Act 2006 s. 3(1) (No. 37 of 2006) as at 4 Jul 2006 (see s. 2).

Western Australia

University Medical School Act 1955 Contents[if supportFields]><span style='mso-element:field-begin'></span><span style='mso-spacerun:yes'>&#160;</span>TOC \t &#34;Heading 2,2,yScheduleHeading,2,yHeading 2,2,zHeading 2,3,zyScheduleHeading,3,zyHeading 2,3,Heading 3,4,yHeading 3,4,zHeading 3,5,zyHeading 3,5,Heading 4,6,yHeading 4,6,zHeading 4,7,zyHeading 4,7,Heading 5,8,yHeading 5,8,zHeading 5,9,zyHeading 5,9&#34; \t &#34;nHeading 2,2,nHeading 3,8&#34; \n &#34;2-7&#34; \w \* MERGEFORMAT <span style='mso-element:field-separator'></span><![endif] — Short title2 — Interpretation3 — Authorization4 — AppropriationScheduleNotesCompilation table — Compilation table

Western Australia

University Medical School Act 1955

University Medical School Act 1955

An Act relating to the Establishment of a Medical School by the University of Western Australia.

Be it enacted by the Queen’s Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows: — 

1.Short title

This Act may be cited as the University Medical School Act 1955.

2.Interpretation

In this Act unless the context requires otherwise — 

“approved” means approved by the Governor;

“loan” means the loan of £150 000, referred to in the scheme;

“scheme” means a scheme for the establishment by the University of a Medical School in the State, financed by funds raised from public appeals and the sum of £150 000 raised by the University by a loan borrowed — 

  • (a)

    from an approved lender;

  • (b)

    in three advances of £50 000 each, payable respectively — 

  • (i)

    on the first day of October, one thousand nine hundred and fifty-five;

  • (ii)

    on the first day of April, one thousand nine hundred and fifty-six; and

  • (iii)

    on the first day of October, one thousand nine hundred and fifty-six;

  • (c)

    on such security, and subject to such other terms and conditions, as are approved, but including an undertaking by the University to repay the loan with interest by thirty equal half-yearly instalments, in accordance with the Table in the Schedule to this Act, the first of the instalments being payable on the first day of April, one thousand nine hundred and fifty-seven; and

  • (d)

    on the Treasurer undertaking to pay to the University, such amounts as the University undertakes to pay to the lender, under paragraph (c) of this interpretation, as instalments, on or before the respective days appointed by this Act for the payment by the University of each of those amounts;

“Treasurer” means the Treasurer of the State 1925, acting for and on behalf of the State;

“University” means the body corporate constituted as The University of Western Australia 1918 by the University of Western Australia Act 1911.

3.Authorization
  • (1)

    The Governor is authorized to approve

    • (a)

      the lender;

    • (b)

      the security; and

    • (c)

      the terms and conditions,

mentioned in paragraph (c) of the interpretation, “scheme” in section two of this Act.

  • (2)

    The Governor may approve the raising of the loan on the security of all or any of the property vested in the University, whether held in trust or otherwise, or on such other security as he thinks fit.

  • (3)

    The University is authorized to raise the loan.

  • (4)

    The Treasurer shall pay to the University such amounts as the University undertakes to pay to the lender as instalments, referred to in paragraph (c) of the interpretation, “scheme” in section two of this Act, on or before the respective days appointed by this Act for the payment of each of those amounts by the University.

4.Appropriation

To the extent necessary to enable the Treasurer to pay to the University the respective amounts as required by subsection (4) of section three of this Act, the Consolidated Fund is, by virtue of this Act, appropriated.

[Section 4 amended by No. 6 of 1993 s.11.]

Schedule

[S.2 (c)]

TABLE OF INSTALMENTS

Loan of £150,000 for 15 years at £4 17s. 6d. per cent. per annum, convertible half-yearly, repayable by 30 equal half-yearly instalments of £7,107 1s. 2d., including principal and interest.

Number of Instalments

Interest contained in each Instalment

Principal contained in   each Instalment

Principal Repaid to Date

Principal Still Outstanding

£

s.

d.

£

s.

d.

£

s.

d.

£

s.

d.

1

3,656

5

0

3,450

16

2

3,450

16

2

143,014

3

10

2

3,572

2

9

3,534

18

5

6,985

14

7

143,014

5

5

3

3,485

19

6

3,621

1

8

10,606

16

3

139,393

3

9

4

3,397

14

2

3,709

7

0

14,316

3

3

135,683

16

9

5

3,307

5

11

3,799

15

3

18,115

18

6

131,884

1

6

6

3,214

13

6

3,892

7

8

2,008

6

2

127,991

13

10

7

3,119

16

0

3,987

5

2

25,995

11

4

124,004

8

8

8

3,022

12

2

4,084

9

0

30,080

0

4

119,919

19

8

9

2,923

1

0

4,184

0

2

34,264

0

6

115,735

19

6

10

2,821

1

4

4,285

19

10

38,550

0

4

111,449

19

8

11

2,716

11

11

4,390

9

3

42,940

9

7

107,059

10

5

12

2,609

11

7

4,497

9

7

47,437

19

2

102,562

0

10

13

2,499

19

0

4,607

2

2

52,045

1

4

97,954

18

8

14

2,387

13

1

4,719

8

1

56,764

9

5

93,235

10

7

15

2,272

12

4

4,834

8

10

61,598

18

3

83,401

1

9

16

2,154

15

7

4,952

5

7

66,551

3

10

83,448

16

2

17

2,034

1

4

5,072

19

10

71,624

3

8

78,375

16

4

18

1,910

8

3

5,196

12

11

76,820

16

7

73,179

3

5

19

1,783

14

10

5,323

6

4

82,144

2

11

67,855

17

1

20

1,653

19

9

5,453

1

5

87,597

4

4

62,402

15

8

21

1,521

1

5

5,585

19

9

93,183

4

1

56,816

15

11

22

1,384

18

3

5,722

2

11

98,905

7

0

51,094

13

0

23

1,245

8

8

5,861

12

6

104,766

19

6

45,233

0

6

24

1,102

11

1

6,004

10

1

110,771

9

7

39,228

10

5

25

956

3

11

6,150

17

3

116,922

6

10

33,077

13

2

26

806

5

5

6,300

15

9

123,223

2

7

26,776

17

5

27

652

13

9

6,454

7

5

129,677

10

0

20,322

10

0

28

495

7

3

6,611

13

11

136,289

3

11

13,710

16

1

29

334

4

0

6,772

17

2

143,062

1

1

6,937

18

11

30

169

2

3

6,937

18

11

150,000

0

0

-

-

-

Notes

1.         This is a compilation of the University Medical School Act 1955 and includes all amendments effected by the other Acts referred to in the following Table.

Compilation table

Short title

Number and year

Assent

Commencement

University Medical School Act 1955

30 of 1955

16 Nov 1955

16 Nov 1955

Financial Administration Legislation Amendment Act 1993, Part 4

6 of 1993

27 Aug 1993

Deemed operative 1 Jul 1993

This Act was repealed by the Statute Law Revision Act 2006 s. 3(1) (No. 37 of 2006) as at 4 Jul 2006 (see s. 2)

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