(2.) Without limiting the general powers by this section con- Specific powers. ferred, the Lieutenant-Governor in Council may :

(a.) Cause to be adopted such measures as are necessary for removing any obstacle or the doing of or the omission to do any act of a technical or formal nature by which, or the want of which, the due course of the taking of any vote may be impeded:

(b.) Provide for any proceeding, matter, or thing for which
express provision has not been made in this Act, or for
which only partial provision has been made:

(c.) Prescribe such forms as may be found necessary:
(d.) Make any alteration or extension of the time provided for
the doing of any act for the purpose of this Act as may
appear to be necessary, and make any alteration of dates
consequent thereon:

(e.) Provide for the selection and appointment of agents and
scrutineers to attend at the polling-stations and act as
scrutineers at the voting and counting of the ballots, and
prescribe the duties and powers of such agents and
scrutineers.

(3.) All regulations made under this section shall be forthwith Publication. published in the Gazette.

vote is taken on

same day as general

election.

17. Where the date for the taking of a vote under the provisions Provisions where of this Act is fixed upon the same day as the taking of the poll in a general election, the Returning Officers, Deputy Returning Officers, Poll Clerks, and other officials appointed for the purpose of the general election shall act in the same capacity for the purposes of the vote taken under this Act; and the same ballot-boxes and pollingbooths may be used for the purposes of the vote as are used for the general election, but in that case the ballots for the vote shall be of a colour different from the ballots for the election.

18. More than one question may be sumitted to vote under this Submission of more Act at the same time and on the same or separate ballot-papers.

than one question.

VICTORIA, B.C.:

Printed by WILLIAM H. CULLIN, Printer to the King's Most Excellent Majesty.

1923.

An Act to borrow the Sum of Two million Dollars for the Purposes therein specified.

[Assented to 21st December, 1923.]

IS MAJESTY, by and with the advice and consent of the
Legislative Assembly of the Province of British Columbia,

enacts as follows:

1. This Act may be cited as the "British Columbia Loan Act, Short title.

1923."

$2,000,000.

2. (1.) The Lieutenant-Governor in Council may (in addition to Power to borrow all other moneys authorized to be raised or borrowed by any other Act of the Legislature) borrow or raise from time to time, in such amounts, in such manner, and at such times as may be deemed expedient, any sum of money not exceeding the net sum of two million dollars, after payment of discount, commission, brokerage, and all other expenses of all loans hereunder, by the issue and sale of debentures or Treasury bills or notes, or by the issue and sale of "British Columbia Stock" under the provisions of the "Inscribed Stock Act" or otherwise.

of short-term loans.

(2.) Treasury bills or notes may be renewed and reissued from Reissue of amount time to time, and the amount outstanding on any original or renewed Treasury bills or notes or securities may be converted into debentures or "British Columbia Stock" under the provisions of the "Inscribed Stock Act" or otherwise, but so as to be repayable not later than the thirtieth day of June, 1975; and such debentures or stock may be issued and sold to provide for the retirement of such Treasury bills or notes.

3. (1.) Subject to subsection (2), all debentures, Treasury bills Interest. or notes, British Columbia stock, or other securities issued and sold for the purpose of raising moneys borrowed or raised pursuant to

Treasury bills.

Power to sell securities.

Negotiation of loan.

Payment of interest.

Repayment of loan.

Application of money borrowed.

this Act shall bear interest at a rate not exceeding six per centum per annum, to be fixed at the time of sale, and to be payable halfyearly, and shall be repayable at a date to be fixed at the time of sale, not later than the thirtieth day of June, 1975.

(2.) Treasury bills or notes, whether original or renewed, may be issued under this Act without bearing interest.

(3.) Such debentures, Treasury bills, Treasury notes, or British Columbia stock, or any of them, may be sold for such sum, whether the same is the par value or less or more than the par value of such debentures, Treasury bills, Treasury notes, or British Columbia stock, and on such terms and conditions as the Lieutenant-Governor in Council or the Minister of Finance or other person or agent appointed for the purpose of negotiating any loan deems expedient.

4. It shall be lawful for the Lieutenant-Governor in Council to appoint the Minister of Finance, or other person or persons or agent from time to time, the agent of the Government for the purpose of negotiating any such loan, and the Minister of Finance or other duly appointed person or agent may arrange all details and do, transact, and execute all such deeds, matters, and things as may be requisite during the conduct of negotiations or for the purpose of placing the loan.

5. (1.) The Minister of Finance shall from time to time pay the interest accruing on all moneys borrowed or raised pursuant to this Act out of the Consolidated Revenue Fund.

(2.) The Lieutenant-Governor in Council may from time to time provide for the repayment of every loan under this Act by appropriating yearly out of the general revenue of the Province such sums of money as may be sufficient for the creation and maintenance of a sinking fund for the final payment of every such loan, and may make provision for the investment from time to time of the amount of any sinking fund or any part thereof.

6. Moneys raised under this Act shall, after payment of discount, commission, brokerage, and other expenses of every loan hereunder, be paid into the Consolidated Revenue Fund, and shall be applied by the Minister of Finance for the purposes following:

(a.) Such sums, not exceeding in the aggregate three hundred thousand dollars, as the Lieutenant-Governor in Council may from time to time direct to be paid or advanced to the Land Settlement Board for the purposes of the "Land Settlement and Development Act":

(b.) Such sums, not exceeding in the aggregate one million one hundred and seventy-five thousand dollars, as the Lieutenant-Governor in Council may from time to time direct to be expended for the public service of the Province in the construction, reconstruction, and improvement of high

ways and highway bridges throughout the Province, including such sums, not exceeding in the aggregate one hundred and twenty thousand dollars, as the Lieutenant-Governor in Council may from time to time direct to be paid towards the construction of the Second Narrows Bridge at North

Vancouver:

(c.) Such sums, not exceeding in the aggregate three hundred and fifty thousand dollars, as the Lieutenant-Governor in Council may from time to time direct to be expended for the public service of the Province in the construction, reconstruction, erection, and equipment of public buildings throughout the Province:

(d.) Such sums, not exceeding in the aggregate one hundred and seventy-five thousand dollars, as the Lieutenant-Governor in Council may from time to time require to meet the costs of the erection, execution, and carrying-on of any undertaking or works erected, executed, or carried on under the provisions of clause (a) of section 5 of the "Soldiers' Land Act."

VICTORIA, B.C.:

Printed by WILLIAM H. CULLIN, Printer to the King's Most Excellent Majesty 1923.