s. 12.

49. Upon allotment of Western Australian Local Inscribed Stock certificates. Stock a certificate or certificates in such form, and signed by such 61 Vic., No. 8, person or persons as may be prescribed, shall be delivered to the allottee of such Stock; or, if there are more allottees than one, then to such of them as may be prescribed, upon payment of the price of such Stock in manner herein before provided and of the prescribed fees and stamp duty, if any:

Provided that such, Stock shall be transferable in manner prescribed by regulation under this Act, and not otherwise.

50. No notice of trust, in respect of any Western Australian No notice of Local Inscribed Stock issued to the public or of any certificate trusts receivable. thereof, shall be entered on the register or receivable by the Treas- 61 Vic., No. 8, urer or by the Government of the State.

s. 13.

funds in Court.

51. Western Australian Local Inscribed Stock shall be a Investment for security in which cash under the control of the Supreme Court may 61 Vic., No. 8, be invested, within the meaning of any Act or any Rule or Order s. 14. of Court dealing with such investment.

52. The Governor may from time to time make, repeal, and Regulations. alter Regulations for the following purposes or any of them, that see 61 Vict., No.

is to say

(1.) Prescribing and defining the authority under which, and the mode in which, the Treasurer is to act, and defining the duties of officers in relation to Western Australian Local Inscribed Stock;

(2.) Prescribing the mode of investment in such Inscribed Stock, and of the issue and re-issue, and the inscription and re-inscription thereof;

(3.) Providing for the issue, re-issue, and cancellation of Stock certificates, and the issue of Stock certificates to replace certificates lost, mislaid, or destroyed, and prescribing the form of such certificates, and the person or persons by whom the same shall be signed, and the person or persons to whom the same may be delivered;

(4.) Prescribing the mode, time, and place of payment of the capital moneys of such Inscribed Stock and of the interest and dividends thereon, and the conditions and restrictions under and subject to which such payments may be made, especially in the case of Stock standing in the name of any infant or person of unsound mind, or other person under legal disability, whether jointly with any other person or otherwise;

(5.)

8, s. 15.

(5.) Prescribing the manner in which such Inscribed Stock
may be transferred by the holder thereof or his
personal representatives, or any other person claim-
ing the right to transfer the same in consequence
of the death or insolvency of such holder, or any de-
volution in law from such holder or otherwise, and
the conditions and restrictions under and subject to
which such Inscribed Stock may be transferred;
(6.) Providing for the periodical closing of the register of
such Inscribed Stock;

(7.) Prescribing the evidence which may be required as to the
title and identity of any person or persons claiming to
be the owner or owners of any such Inscribed Stock
or of any interest oľ dividends, or claiming
the right to transfer or otherwise deal with the same;

(8.) Providing for the inspection of registers;
(9.) Imposing fees in respect of the several proceedings in
relation to such Inscribed Stock which are authorised
by this Act or any Regulations;

(10.) Prescribing forms to be used in connection with books
and documents required for the purposes of this Act;
and

(11.) Generally for all such purposes as may be necessary for carrying into effect the provisions of this Act and for the efficient administration thereof.

Such Regulations shall be published in the Government Gazette, and when so published shall have the force of law; and such Regulations shall be laid before Parliament within fourteen days after publication, if Parliament is then sitting, or, if Parliament is not sitting, then within fourteen days of its next meeting.

SCHEDULE.

AN ACT to apply from the Loan Suspense
Account the sum of Forty Thousand Pounds
for the construction of the Southern Cross-
Bullfinch Railway.

[Assented to 22nd December, 1910.]

BE with the advice and consent of the Legislative Council and

E it enacted by the King's Most Excellent Majesty, by and

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

as

1. There shall and may be issued and applied for or towards Issue and applicamaking good the supply granted to His Majesty for the construction tion of £40,000. of the Southern Cross-Bullfinch Railway the sum of Forty thousand pounds from the Loan Suspense Account, and the Colonial Treasurer of Western Australia is hereby authorised and empowered to issue and apply such sum accordingly.

2. The said sum shall be available to satisfy the warrants under Sum available. the hands of the Governor for the service aforesaid.

By Authority: FRED. WM. SIMPSON, Government Printer, Perth