Federal Register of Legislation - Australian Government

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Loan Act 1920

Authoritative Version
Act No. 29 of 1920 as made
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.
Date of Assent 07 Oct 1920
Date of repeal 06 Aug 1934
Repealed by Statute Law Revision Act 1934

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 19111918, 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 192021.

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


 

Schedulecontinued.

Amount required in 192021.

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.

 

 

 

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