LOAN.
No. 24 of 1913.
An Act to authorize the raising and expending of the sum of Two million seven hundred and eighty thousand pounds for certain purposes.
[Assented to 19th December, 1913.]
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 1913.
Treasurer may borrow £2,780,000.
2. The Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911–1912 borrow moneys not exceeding in the whole the amount of Two million seven hundred and eighty thousand pounds.
Provided that, notwithstanding anything contained in that Act the sum to be paid out of the Consolidated Revenue Fund into the Trust Fund, under the head of the Stock Redemption Fund, in respect of the items numbered five and six in the Schedule to this Act, shall be Five pounds per centum per annum on the amount of stock sold for the purposes of those items.
Purposes for which money 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
| | £ |
| No. 1. For the construction of a railway from Kalgoorlie to Port Augusta... | 1,400,000 |
| 2. For the construction of a railway in the Northern Territory from Pine Creek to the Katherine River and Southwards.................................................... | 400,000 |
| 3. For the construction of a railway from Port Moresby to Astrolabe; and for the construction of wharves, Port Moresby and Samarai, Papua.......... | 60,000 |
| 4. For the purchase of land for post and telegraph purposes.................. | 170,000 |
| 5. For the construction of conduits and for laying wires underground... | 425,000 |
| 6. For machinery, machine shops, and construction of wharves, Cockatoo Island, New South Wales................................................................................... | 175,000 |
| 7. For the erection of London offices.................................................... | 150,000 |
| | £2,780,000 |