LOAN.
No. 29 of 1920.
An Act to authorize the Raising and Expending of the sum of Four million two hundred and eighty-six thousand four hundred and ninety pounds for certain purposes.
[Assented to 7th October, 1920.]
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 Loan Act 1920.
Treasurer may borrow £4,286,490.
2. The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1918, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Four million two hundred and eighty-six thousand four hundred and ninety pounds.
Purposes for which moneys may be expended.
3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes set forth in the Schedule to this Act.
SCHEDULE.
— | Amount required in 1920–21. — First Column. | Already available under Appropriations made by previous Acts. — Second Column. | Appropriated under this Act. — Third Column. |
Under Control of Prime Minister’s Department. | £ | £ | £ |
London Offices..................................... | 64,000 | 3,388 | 60,612 |
Subscription to capital of Refinery Company, in accordance with Oil Agreement Act 1920 | 100,000 | .. | 100,000 |
Williamstown Shipbuilding Yard—Buildings, plant, and machinery.. | 2,500 | .. | 2,500 |
Loan to Westralian Farmers Company Limited, for erection of wheat silos and other appliances | 20,000 | .. | 20,000 |
Total under Control of Prime Minister’s Department............ | 186,500 | 3,388 | 183,112 |
Under Control of Department of the Treasury. |
|
|
|
Construction of Ships (to be paid to Trust Fund Commonwealth Government Ships Account) | 3,000,000 | .. | 3,000,000 |
Under Control of Home and Territories Department. |
|
|
|
Loan to Papua for Public Works.......................... | 20,000 | .. | 20,000 |
Purchase of Properties and Sites— |
|
|
|
Shipbuilding Yard, Maryborough, Queensland | 500 | .. | 500 |
Land, Fairy Meadow, New South Wales................. | 5,150 | 5,150 | .. |
Land in Federal Capital Territory..................... | 10,800 | 10,800 | .. |
Kirribilli House, Sydney........................... | 15,000 | .. | 15,000 |
Land for Defence purposes generally................... | 10,000 | 10,000 | .. |
Land for Naval Defence purposes, Cockburn Sound......... | 4,000 | 4,000 | .. |
Land for Port Stephens Naval Base.................... | 23,000 | 14,074 | 8,926 |
Tresco Naval Establishment, Sydney................... | 1,600 | .. | 1,600 |
Naval Drill Hall, Launceston........................ | 2,000 | .. | 2,000 |
Land for Quarantine purposes....................... | 25 | 25 | .. |
Residence for Medical Officer, Thursday Island............ | 1,000 | .. | 1,000 |
Land for Post and Telegraph purposes.................. | 3,000 | 3,000 | .. |
Townsville Wireless Site........................... | 100 | 100 | .. |
Total under Control of Home and Territories Department......... | 96,175 | 47,149 | 49,026 |
Under Control of Department of Works and Railways. |
|
|
|
Williamstown Shipbuilding Yard—Pumping plant | 14,787 | .. | 14,787 |
Federal Capital Territory—Initial Settlement.................. | 90,000 | .. | 90,000 |
Federal Capital Territory—Preparatory Works................ | 60,000 | .. | 60,000 |
Railway—Completion of Construction Line— Federal Capital Territory | 250 | 250 | .. |
Acetate of Lime Factory—Works and Buildings............... | 2,600 | .. | 2,600 |
Inspection Branch (Arms and Ammunition)— Works and Buildings at Footscray and Maribyrnong | 9,942 | .. | 9,942 |
| 177,579 | 250 | 177,329 |
Carried forward............................. | 3,282,675 | 50,537 | 3,232,138 |
Schedule—continued.
— | Amount required in 1920–21. — First Column. | Already available under Appropriations made by previous Acts — Second Column | Appropriated under this Act. — Third Column. |
| £ | £ | £ |
Brought forward........................... | 3,282,675 | 50,537 | 3,232,138 |
Under Control of Department of Works and Railways—continued. |
|
|
|
Brought forward........................... | 177,579 | 250 | 177,329 |
Cordite Factory, Maribyrnong—Building and Engineering Works. | 18,925 | 4,801 | 14,124 |
Lithgow Housing Scheme—Erection of cottages —towards cost.. | 48,791 | 29,868 | 18,923 |
Mobilization Stores—Erection of...................... | 167,964 | .. | 167,964 |
General Arsenal—Works and Buildings—towards cost........ | 27,982 | 27,982 | .. |
Small Arms Factory—Additional Buildings................ | 1,500 | .. | 1,500 |
Research Laboratory, Maribyrnong—Works and Buildings..... | 40,500 | .. | 40,500 |
Naval Bases—Works and Establishments................. | 187,000 | 75,953 | 111,047 |
Cockatoo Island Dockyard—Naval, Engineering, and other Works | 15,000 | 15,000 | .. |
Contribution under River Murray Waters Act 1915........... | 132,528 | 27,458 | 105,070 |
Kalgoorlie to Port Augusta Railway..................... | 100,000 | 5,652 | 94,348 |
Northern Territory Railway—Capital Expenditure........... | 2,500 | 461 | 2,039 |
Port Augusta-Oodnadatta Railway...................... | 6,000 | 1,505 | 4,495 |
Perth General Post Office—towards cost.................. | 50,000 | 37,074 | 12,926 |
Total under Control of Department of Works and Railways.. | 976,269 | 226,004 | 750,265 |
Under Control of Department of the Navy. |
|
|
|
Cockatoo Island Dockyard—Machinery and Plant, Yard, and Floating Plant | 55,000 | 16,482 | 38,518 |
Flinders Naval Depôt—Machinery and Plant............... | 14,500 | 11,543 | 2,957 |
Total under Control of Department of the Navy.......... | 69,500 | 28,025 | 41,475 |
Under Control of Department of Trade and Customs. |
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|
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New Lighthouses (including upkeep of vessels for construction work) and optical and other apparatus for Lightships | 15,000 | 1,056 | 13,944 |
Alterations to Lighthouse Services...................... | 25,000 | 146 | 24,854 |
Total under Control of Department of Trade and Customs... | 40,000 | 1,202 | 38,798 |
Redemption of loans raised by the Government of South Australia on account of the Northern Territory | 223,814 | .. | 223,814 |
Total............................... | 4,592,258 | 305,768 | 4,286,490 |