Loan Act 1918

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Loan Act 1918

- C1918A00033
No longer in force
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Act No. 33 of 1918 as made

An Act to authorize the Raising and Expending of the sum of One million two hundred and forty-two thousand one hundred and ninety-four pounds for certain purposes.

Date of Assent	12 Dec 1918

Date of repeal	06 Aug 1934
Repealed by	Statute Law Revision Act 1934

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LOAN.

No. 33 of 1918.

An Act to authorize the Raising and Expending of the sum of One million two hundred and forty-two thousand one hundred and ninety-four pounds for certain purposes.

[Assented to 12th December, 1918.]

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 1918.

Treasurer may borrow £1,242,194.

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 One million two hundred and forty-two thousand one hundred and ninety-four 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 1918-19.	Already available under Appropriations made by previous Acts	Appropriated under this Act.
——	— First Column.	— Second Column.	— Third Column.
UNDER CONTROL OF DEPARTMENT OF WORKS AND RAILWAYS.	£	£	£
Naval Bases, Works, and Establishments—
Labour and Material.....................................................................	340,000	72,756	267,244
Machinery and Plant, and expenditure in connexion therewith.....	50,000	46,737	3,263
Cockatoo Island Dockyard—
Naval Engineering and other Works.............................................	60,000	..	60,000
Acetate of Lime Factory, including installation of plant................	10,000	138	9,862
General Arsenal—
Works and Buildings, including erection of residential quarters—towards cost.....................................................................................	115,000	97,604	17,396
Cordite Factory, Maribyrnong—
Buildings and Engineering Works................................................	21,500	..	21,500
Perth General Post Office—towards cost..............................................	45,000	20,653	24,347
Contribution under River Murray Waters Act 1915	99,000	90,000	9,000
Kalgoorlie to Port Augusta Railway.......................................................	300,000	230,333	69,667
Railway from Pine Creek to Katherine River and Southwards...............	15,000	15,000	..
Port Augusta Oodnadatta Railway.........................................................	2,500	..	2,500
Railway—Completion of Construction Line and New Bridge on Queanbeyan Line and additional waterway on Queanbeyan to Canberra Line..........	5,000	4,040	960
Total under control of Department of Works and Railways...................	1,063,000	577,261	485,739
UNDER CONTROL OF POSTMASTER GENERAL’S DEPARTMENT.
For the construction of Conduits and for laying wires underground......	220,000	203,864	16,136
UNDER CONTROL OF THE DEPARTMENT OF DEFENCE (MILITARY).
Acetate of Lime Factory—Machinery and Plant—towards cost............	8,000	1,451	6,549
General Arsenal—Machinery and Plant—towards cost.........................	50,000	143	49,807
Cordite Factory—Experimental Tri-Nitro-Toluene (T.N.T.) plant.........	15,000	..	15,000
Cordite Factory—Additions and extensions..........................................	10,000	..	10,000
Total under Control of Department of Defence (Military)............	83,000	1,594	81,406
UNDER CONTROL OF DEPARTMENT OF THE NAVY.
Cockatoo Island Dockyard—
Machinery and Plant, yard and floating plant	200,000	9,421	190,579
Flinders Naval Depôt—Machinery and Plant........................................	45,000	17,525	27,475
Wireless Telegraphy...............................................................................	30,500	14,882	15,618
Total under Control of Department of the Navy...........................	275,500	41,828	233,672
Carried forward............................................................................	1,641,500	824,547	816,953

Schedule—continued.

—	Amount required in 1918-19.	Already available under Appropriations made by previous Acts	Appropriated under this Act.
—	— First Column.	— Second Column.	— Third Column.
Brought forward...........................................................................	£ 1,641,500	£ 824,547	£ 816,953
UNDER CONTROL OF HOME AND TERRITORIES DEPARTMENT.
Purchase of Sites—
Land, Fairy Meadow, New South Wales.....................................	8,128	7,528	600
Land lying outside Federal Capital Territory................................	75	75	..
Land in Federal Capital Territory..................................................	12,000	12,000	..
Land for Defence purposes generally...........................................	47,000	10,741	36,259
Land for Naval Defence purposes, Cockburn Sound	20,000	13,968	6,032
Land for Port Stephens Naval Base..............................................	25,000	22,250	2,750
Purchase of the reversionary interest of lease of the residence of the Captain in Charge of Naval Establishment, Elizabeth Bay, Sydney	1,600	..	1,600
Townsville Wireless Site..............................................................	433	..	433
Wungong Quarry Site, Western Australia....................................	1,200	..	1,200
Site for New Store at Randwick Wireless Workshops.................	1,000	..	1,000
Land for Post and Telegraph purposes.........................................	810	810	..
Land for Lighthouse purposes......................................................	7,984	..	7,984
Land for Quarantine purposes......................................................	110	..	110
Purchase of Roads, Quarantine Station, Lytton, Queensland.......	350	..	350
Land for Laboratory at Royal Park, Melbourne............................	8,035	8,035	..
Total under Control of Home and Territories Department......	133,725	75,407	58,318
UNDER CONTROL OF DEPARTMENT OF TRADE AND CUSTOMS.
New Lighthouses (including upkeep of vessels for construction work) and optical and other apparatus for lightships.................................................	16,000	..	16,000
Additions to existing lighthouses...........................................................	20,000	8,485	11,515
Total under Control of Department of Trade and Customs....	36,000	8,485	27,515
UNDER CONTROL OF PRIME MINISTER’S DEPARTMENT.
London Offices......................................................................................	25,000	25,000	..
UNDER CONTROL OF TREASURY.
Redemption of Loans raised by the Government of South Australia on account of the Northern Territory..................................................................	339,408	..	339,408
Total.................................................................	2,175,633	933,439	1,242,194

Federal Register of Legislation - Australian Government

Primary content

Loan Act 1918