Westralian Farmers Agreement Act 1921 (Cth)

WESTRALIAN FARMERS AGREEMENT.

No. 2 of 1921.

An Act to authorize the Acting Prime Minister of the Commonwealth to enter into an agreement with Basil Lathrop Murray, Esquire, and the West Australian Grain Growers’ Co-operative Elevators Limited, varying and supplementing the Agreement contained in the Schedule to the Westralian Farmers Agreement Act  1920.

[Assented to 27th May, 1921.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1. This Act may be cited as the Westralian Farmers Agreement Act 1921.

Power to enter into agreement.

2. The Acting Prime Minister may, on behalf of the Commonwealth, enter into an agreement, in accordance with the form in the Schedule, with Basil Lathrop Murray, Esquire, and the West Australian Grain Growers’ Co-operative Elevators Limited, varying and supplementing the Agreement contained in the Schedule to the Westralian Farmers Agreement Act 1920.

 

THE SCHEDULE.

 

Agreement made this day of between the West Australian Grain Growers’ Co-operative Elevators Limited a Company registered under the Companies Acts in force in Western Australia (hereinafter called the “Company”) of the first part Basil Lathrop Murray of Perth in the said State of the second part and The Commonwealth of Australia (hereinafter called the “Commonwealth”) of the third part.

Whereas by the Agreement (hereinafter called the “Principal Agreement”) made on the thirteenth day of August Nineteen hundred and twenty a copy of which is set forth in the Schedule to the Westralian Farmers Agreement Act 1920 it is provided (inter alia) that—

(a)The Commonwealth will make advances to the Company by way of loan under the conditions of the Principal Agreement when not less than 300,000 shares have been allotted to shareholders approved by the Commonwealth; and

(b) The amount to be provided and advanced by the Commonwealth to the Company shall not exceed in all the sum of £550,000.

And whereas it is desired to vary and supplement the Principal Agreement in the manner hereinafter appearing.

 

The schedule—continued.

Now it is hereby agreed as follows :—

1. Clause 12 (a) of the Principal Agreement is varied by the substitution of the figures “240,000” for the figures “300,000” therein appearing

2. Clause 13 of the Principal Agreement is varied by the substitution of the amount “£440,000” for the amount “£550,000” therein appearing.

3. Notwithstanding the provisions of clause 2 of this Agreement the maximum amount to be provided and advanced by the Commonwealth to the Company under the terms of the Principal Agreement shall be £500,000 when not less than 300,000 shares have been allotted to shareholders approved by the Commonwealth and paid up to Ten shillings per share.

4. Except as herein agreed the Principal Agreement shall remain in full force and effect and shall be read and construed as if the provisions of this Agreement were incorporated therein.

In witness whereof the parties hereto have executed these presents the day and year first above-mentioned.

The Common Seal of The West Australian Grain Growers’ Co-operative Elevators Limited was hereunto affixed in the presence of—

Signed sealed and delivered by the said Basil Lathrop Murray in the presence of—

Signed sealed and delivered by The Right Honorable Sir Joseph Cook Acting Prime Minister of the Commonwealth for and on behalf of the said Commonwealth in the presence of—