BE

[Assented to 21st December, 1909.]

E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of Western Australia, in this present Parlia

ment assembled, and by the authority of the same, as follows:

1. This Act may be cited as the Settled Land Act Amendment Short title. Act, 1909, and shall be read as one with the Settled Land Act of 1892, hereafter referred to as the principal Act.

Court may order payment for im

provements

2. The Court may, in any case where it appears proper, make an order directing or authorising capital money to be applied in or towards payment for any improvement authorised by the prin- executed. cipal Act, notwithstanding that a scheme was not, before the See 53 and 54 Vict execution of the improvement, submitted for approval, as required c. 69, s. 15. by the principal Act, to the trustees of the settlement or to the Court.

See 53 and 54 Vict

3. (1.) Subject to the provisions of the principal Act, where Power to raise money is required for the purpose of discharging an encumbrance money by Morton the settled land or part thereof, or for the purpose of paying gage. for any improvements authorised by the principal Act, the tenant c. 69, s. 11. for life may raise the money so required, and also the amount properly required for payment of the costs of the transaction, on mortgage of the settled land, or of any part thereof, by conveyance of

the

the fee simple or other estate or interest the subject of the settlement, or by creation of a term of years in the settled land, or any part thereof, or otherwise, and the money so raised shall be capital money for that purpose, and may be paid or applied accordingly.

(2.) Encumbrance in this section does not include any annual sum payable only during a life or lives or during a term of years absolute or determinable.

By Authority: A. CURTIS, Acting Government Printer, Perth.

BE

[Assented to 21st December, 1909.]

E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:

1. This Act may be cited as the Agricultural Bank Act Amend- Short title. ment Act. 1909, and shall be read as one with the Agricultural Bank

Act, 1906, hereinafter referred to as the principal Act.

s. 10.

2. Subsection two of section ten of the principal Act is Amendment of amended by striking out the words "two guineas" and inserting No. 15 of 1906, in place thereof the words "three guineas," and by striking out the words "one hundred and five pounds" and inserting in place thereof "one hundred and fifty guineas.

3. Section sixteen of the principal Act as amended by section Amendment of two of the Agricultural Bank Amendment Act, 1907, is further No. 15 of 1906. amended by striking out the words "one million five hundred thousand" and inserting in place thereof the words "two million."

4.

s. 16.

Amendment of

No. 15 of 1906, s. 28.

Bank may make advances to

farmers and cultivators.

Deputy Managing
Trustee.

4. Section twenty-eight of the principal Act is repealed, and the following is enacted in place thereof:

28. (1.) Subject to the provisions of this Act, the Bank may, if the Trustees think fit, make advances on the prescribed security for :-

(a.) Ring-barking, clearing, fencing, draining, or water conservation; or

(b.) Discharging any mortgage already existing on any holding; or

(c.) The purchase of stock for breeding purposes; or (d.) The purchase of agricultural machinery manufactured in Western Australia.

(2.)

Provided that subject to regulations made under this Act such machinery shall be deemed to have been manufactured in Western Australia, notwithstanding that certain parts thereof were imported.

Provided also that employees engaged in the manufacture of such machinery are paid the ruling rate of wages.

Every application for an advance shall be made. in the prescribed form, and shall contain such particulars as may be prescribed.

(3.) Advances for the purposes specified in paragraph (a) of subsection one may be made of an amount not exceeding four hundred pounds to the full value of the improvements proposed to be made.

(4.) Further advances for the purposes specified in paragraph (a) of subsection one may be made of an amount not exceeding two hundred and fifty pounds to one-half the value of additional improvements proposed to be made.

(5.) No advance shall be made under paragraph (b.) of subsection one to an amount exceeding three-fourths the value of the improvements already made on the holding.

(6.) Advances may be made for the purposes specified in paragraphs (c) and (d) of subsection one respectively, to an amount not exceeding one hundred pounds.

Provided that at no time shall the advances to any one person exceed the sum of seven hundred and fifty pounds.

Provided also that where any land is held by two or more persons as joint proprietors, the amount to be advanced under the provisions of this section may, in the discretion of the trustees, be multiplied by the number of such joint proprietors.

5. The Governor may appoint any officer as Deputy Managing Trustee, and such officer shall have all the powers and may perform all the duties of the Managing Trustee.

By Authority: A. CURTIS, Acting Government Printer, Perth.