No. V. An Act to enable the Government to raise a Loan for Public Works and other purposes. [22nd June, 1871.] HEREAS it is expedient to authorize the Government to borrow certain sums of money amounting in the whole to Three hundred and seventy-four thousand nine hundred and eighty pounds for the several purposes hereinafter specified Be it therefore enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Legislative Council and Legislative Assembly of New South Wales in Parliament assembled and by the authority of the same as follows :-- 1. I t shall be lawful for the Governor with the advice of the Executive Council to raise by the sale of debentures secured upon the Consolidated Revenue Fund of the Colony and bearing interest at a rate not exceeding five per centum per annum such several sums of money not exceeding in the whole the sum of Three hundred and seventyfour thousand nine hundred and eighty pounds as may be required for the following several purposes not exceeding for the same respectively the several sums respectively set against such purposes :-- RAILWAYS : -- W 355. Construction of Railway Sheds, further sum... 124 356. For completion of lines already sanctioned... 230,000 357. Further sum for construction of Rolling Stock manufactured in the Colony 70,000 HARBOURS AND R I V E R NAVIGATION:-- 0 0 0 0 0 0 300,124 0 0 358. Dredge for Manning, Macleay, and Clarence Rivers, further sum, in addition to the £10,000 provided for under Loan Act, 32 Victoria, No. 13 359. Removing obstructions and improving the navigation of the Rivers Murray, Murrumbidgeo, and Darling, further sum 3G0. Southern Breakwater, Newcastle, further sum 361. Coal Staiths, Newcastle, for masonry Approaches 362. Light-house, Wollongong, further sum 363. Light-house, Ulladulla, further sum ... 364. Blasting and removing rock in front of New castle Wharf PUBLIC W O R K S AND BUILDINGS : -- *1,291 5,000 5,000 265 300 500 1,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,356 0 0 0 0 12,000 365. Completion of New General Post Office ROADS AND BRIDGES : -- 366. Low-level Bridge over the Hawkesbury, at Windsor 367. Restoring and raising Yass Bridge+ ··· ··· 368. Rebuilding Jugiong Bridge+ ELECTRIC TELEGRAPHS : -- 7,000 3,500 8,000 0 0 0 0 0 0 18,500 0 0 369. Construction of Line from Eden to Gabo Island further sum ... ... ... 370. Construction of Line from Kiama to Jervis Bay further sum (Amount carried over 500 0 500 0 0 0 1,000 £344,980 0 0 0 0) * Temporarily paid from the Consolidated Revenue Fund. + Injured by Floods of April, 1870. (Amount brought over DEFENCES : -- £344,980 0 0) 371. For construction of Fortifications and other Works of Defence in addition to the sum of £30,000 already appropriated for such purpose including purchase of land re quired for the Defences ... TOTAL 30,000 £374,980 0 0 0 0 2. All sums borrowed under this Act shall be paid to the Colonial Treasurer and shall be by him placed to a separate credit to be called "The Loan Fund " and no part of the money so borrowed shall on any pretence be paid used or applied directly or indirectly either temporarily or otherwise to or for any public purpose other than the purposes respectively to which the same is hereby directed to be applied. 3. The said Treasurer shall issue and pay the said several sums for the purposes hereinbefore mentioned in such manner and in such proportions as the Governor by any warrant or order in writing under his hand and directed to the said Treasurer shall from time to time order and direct And the payments so to be made shall be charged upon and payable out of the sums so borrowed as aforesaid. 4. The said Treasurer shall in his accounts from time to time be allowed credit for every sum of money paid by him in pursuance of such warrant or order in writing as aforesaid And the receipt of each and every person to whom the same shall be so paid shall be a full and valid discharge to the said Treasurer in passing his said accounts for each sum therein mentioned and he shall receive credit for the same accordingly. 5. This Act may be cited as the " Loan Act of 1871."