An Act to amend the "United Church of Canada Act." 1924, c. 50.

H'

[Assented to 19th December, 1925.]

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 "United Church of Canada Act Short title. Amendment Act, 1925."

2. Section 9 of the "United Church of Canada Act," being chapter Amends s. 9. 50 of the Statutes of 1924, is amended by striking out subsection (a),

and substituting therefor the following:

"9. (a.) There is hereby constituted a Commission which shall consist of not less than three members to be appointed by the Lieutenant-Governor in Council."

3. Section 9 of said chapter 50 is amended by striking out the word Amends s. 9 (c). "two" in the first line of clause (c) of said section, and substitut

ing therefor the words "such number as may be fixed by the Lieutenant-Governor in Council."

subsec. (1).

4. Section 9 of said chapter 50 is amended by striking out the Amends s. 9, words 66 passing of this Act" in the fourth and fifth lines of subsection (1), and substituting therefor the words "conclusion of their investigations."

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.
1925.

An Act to provide for the Administration and Disposition of certain Crown Lands for Purposes of University Endowment.

H

[Assented to 19th December, 1925.]

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 "University Endowment Lands Short title. Administration Act."

2. The Minister of Lands may from time to time, with the consent of the Lieutenant-Governor in Council, and subject to the regulations:

(a.) Survey, resurvey, and subdivide any of the lands held by
the Crown in the right of the Province within District
Lot 140, Group 1, New Westminster District, and which
are not within any municipality, into such lots, blocks,
streets, lanes, boulevards, recreational courts, parks, and
other areas as he may deem expedient:

(b.) Construct, install, lay, and otherwise provide such sewers,
drains, pipes, sidewalks, curbs, street pavements, boule-
vards, water systems, street-lighting systems, fire-protec-
tion systems, garbage-disposal systems, and other works of
improvement and convenience as are considered necessary
or conducive to the improvement, development, and fitting
of the said lands for occupation and use:
(c.) Advertise and otherwise provide for the disposition by sale
or lease, and sell or lease, any of the lands so subdivided
into lots or blocks and any of the lands heretofore sub-
divided under the provisions of the "British Columbia

ADMINISTRATION.

University

Endowment Lands

Administration

Account.

University Loan Act" in such manner and at such prices and on such terms and conditions as he may deem proper: (d.) Maintain and operate such works and services as are considered necessary or conducive to the use and occupation of such subdivided lands by purchasers and other occupants, and charge such fees, rates, and tolls for the maintenance and operation thereof as are prescribed by the regulations:

(e.) Advance by way of loan to purchasers and lessees of lands so subdivided such sums as he may deem advisable to enable the purchasers or lessees to erect dwelling-houses upon the lands purchased or leased from the Crown; but the amount which may be loaned upon the security of any parcel of the said lands and the appurtenances thereto shall not exceed, in the case of a Crown-granted parcel, sixty per centum of the aggregate of the purchase price of the parcel and the cost of the dwelling-house erected thereon, and in the case of a leased parcel or a parcel held under purchase agreement, sixty per centum of the cost of the dwelling-house erected thereon.

3. (1.) There shall be established in the Treasury an account to be known as the "University Endowment Lands Administration Account," into which shall be paid :—

(a.) The amounts collected from taxes imposed under the "Taxation Act" on lands and improvements referred to in section 7 of this Act:

(b.) The amounts derived from the disposition, whether before
or after the passing of this Act, of any of the lands sub-
divided under this Act or under the "British Columbia
University Loan Act":

(c.) The amounts derived from payments heretofore or here-
after made to the Crown on account of local improvements
pursuant to covenants entered into by the purchasers and
lessees of the subdivided lands in respect thereof:
(d.) The amounts derived from the maintenance or operation
of any work or service for the convenience or use of the
occupants of the subdivided lands, including all fees, rates,
and tolls payable under the regulations:

(e.) The amounts derived from payments of interest and repay-
ment of principal in respect of the sums advanced by way
of loan pursuant to clause (e) of section 2:

(f.) Such amounts as the Lieutenant-Governor in Council may from time to time direct to be advanced to the said account from moneys available therefor under the "British Columbia University Loan Act" or by vote of the Legislature.

ADMINISTRATION.

(2.) The Minister of Finance shall make payments out of the said account to meet expenditures incurred in carrying out the purposes set out in section 2, upon vouchers certified by the Minister of Lands.

Point Grey Account.

4. The account now existing in the Treasury known as the "Town Merger of Townsite site Point Grey Account," representing the cost of the construction, execution, and carrying-on of all undertakings and works erected, executed, or carried on under the provisions of subsection (2) of section 7 of the "British Columbia University Loan Act," shall be merged in the University Endowment Lands Administration Account as if the moneys comprising such cost had been advanced to the University Endowment Lands Administration Account and expended directly therefrom, and all necessary adjustments shall be made.

moneys at credit of Endowment Lands

5. The moneys at any time standing at the credit of the University Appropriation of Endowment Lands Administration Account, and not required for University any of the purposes set out in section 2, shall be applied by the Administration Lieutenant-Governor in Council as follows:

(a.) In refunding to the Consolidated Revenue Fund:

(i.) All moneys heretofore or hereafter expended or advanced under the provisions of the "British Columbia University Loan Act" or advanced under the provisions of clause (f) of section 3 of this Act from moneys available by vote of the Legislature:

(ii.) All discount, commission, brokerage, and other expenses of placing every sum heretofore or hereafter borrowed or raised under the "British Columbia University Loan Act":

(iii.) Interest on the amounts from time to time outstanding referred to in subclauses (i) and (ii) of this clause, and on the moneys advanced from the Consolidated Revenue Fund under authority of Order in Council Number 667, approved the seventeenth day of June, 1925, and Order in Council Number 745, approved the seventh day of July, 1925, and the special warrants issued thereon respectively, from the time of their advance until repaid out of the moneys borrowed or raised under the "British Columbia University Loan Act," computed in such manner and at such rate as may be determined by the Minister of Finance:

(iv.) Interest on all amounts of interest outstanding under the last preceding subclause, compounded semiannually:

(b.) In placing to the credit of an account in the Treasury to be known as the "University Endowment Account" any

Account.