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AN ACT to apply out of the Consolidated Revenue Fund and from Moneys to Credit of the General Loan Fund the sum of One Million Two Hundred and Fifty Thousand Pounds to the Service of the Year ending 30th June, 1902.

[Assented to, 15th July, 1901.]

MOST GRACIOUS SOVEREIGN,

E, Your Majesty's Most Dutiful and Loyal Subjects, the Preamble.
Members of the Legislative Assembly of Western Australia,

in Parliament assembled, towards making good the Supply which
we have cheerfully granted to Your Majesty in this Session of
Parliament, have resolved to grant unto Your Majesty the Sum
hereinafter mentioned; and do, therefore, most humbly beseech
Your Majesty that it may be enacted: And be it enacted by the
King's Most Excellent Majesty, by and with the advice and

consent

I

of £1,250,000.

Consolidated Revenue-Application.

consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:

༤.

THERE shall and may be issued and applied for or towards Issue and application making good the supply granted to His Majesty for the Service of the year from 1st July, 1901, to 30th June, 1902, the sum of Seven Hundred and Fifty Thousand Pounds out of the Consolidated Revenue Fund, and Five Hundred Thousand Pounds from moneys to credit of the General Loan Fund; and the Treasurer of Western Australia is hereby authorised and empowered to issue and apply the moneys authorised to be issued and applied.

Sum available for purposes voted by the Legislative Assembly.

2. THE said sums shall be available to satisfy the Warrants under the hand of the Governor, under the provisions of the law now in force, in respect of any Services voted by the Legislative Assembly during the financial year ending 30th June, 1902.

In the name and on behalf of the King I hereby assent to this Act.

ARTHUR LAWLEY, Governor:

By Authority: WM. ALFRED WATSON, Government Printer, Perth.

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AN ACT to authorise the raising of a sum of Two million six hundred thousand Pounds by Loan for the construction of certain Public Works, and other purposes.

W

[Assented to, 2nd August, 1901.]

HEREAS it is expedient to authorise the raising, by way of Preamble. Loan, of certain sums of money amounting in all to Two million six hundred thousand pounds for the several purposes hereinafter mentioned: Be 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 for all purposes as the Loan Act, Short title. 1901.

purposes.

2. IT shall be lawful for the Governor, from time to time, to Power to raise raise by way of Loan such several sums of money, not exceeding money for certain in the whole the sum of Two million six hundred thousand pounds, as may be required for the several works and purposes mentioned in the Schedule to this Act.

3

Loan Act, 1901.

3. ALL sums by this Act authorised to be raised shall be paid Sums raised, how to to the Colonial Treasurer, and shall be by him placed to the credit

be applied.

Contribution to
Sinking Fund.

Principal and

interest charged on Revenue.

Advances on account.

of an account to be called The General Loan Fund, and shall be applied by the Colonial Treasurer to the purposes set forth in this Act, in such amounts and manner as the Governor by any warrants under his hand may from time to time authorise and direct, in conformity with the annual Estimates of the expenditure of Loan moneys sanctioned by Parliament.

4. THE contributions to the Sinking Fund for the repayment of the sum by this Act authorised to be raised shall commence four years from the date of the first issue of the Debentures or Inscribed Stock.

5. THE principal moneys and interest raised and secured by the Stock to be created and sold, under the authority of this Act, shall rank pari passu with the principal moneys and interest raised and secured by the Stock created and sold under the Loan Act, 1891, and all subsequent Loan Acts, and are hereby charged upon and shall be payable out of the Consolidated Revenue Fund and Assets of the Government of Western Australia, and shall constitute a charge thereon, subject to the prior charges mentioned in the fourth section of the Loan Act, 1891.

6. THE Governor may from time to time, by warrant under his hand, authorise the Colonial Treasurer to advance and apply, to the purposes set forth in the Schedule of this Act, any sums of money not exceeding in the whole the sum hereby authorised to be raised, and any sums of money so advanced and paid shall be retained by the Colonial Treasurer out of any moneys coming to his hands under the authority of this Act.

In the name and on behalf of the King I hereby assent

to this Act.

ARTHUR LAWLEY, Governor.

THE

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