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Canterbury Provincial Ordinances |
Session XXI 1864 (April 1864)
1. The Railway and Harbour Works Fund Ordinance 1864
Analysis. Preamble.
1. Provincial Treasurer shall open Account.
2. The Provincial Treasurer shall pay the following moneys.
3. The Provincial Treasurer shall pay the following moneys from this Account.
4. The Effect of this Ordinance.
5. Title.
Whereas it is expedient that further provision than now exists should be made
for the execution of harbour works and Railways within
the Province of
Canterbury, by the setting apart, for that purpose, of two-fifths of the
territorial revenue payable to the Provincial
Treasurer for the use of the
Province of Canterbury:
Be it therefore enacted by the Superintendent of the Province of Canterbury,
by and with the advice and Consent of the Provincial
Council thereof as
follows:
1. Provincial Treasurer shall open Account.
The Provincial Treasurer shall open an Account, to be called "The Railway and
Harbour Works' Account."
2. The Provincial Treasurer shall pay the following moneys into this Account.
The Provincial Treasurer shall, from and after the First day of July, One thousand eight hundred and sixty-four, pay into "The Railway and Harbour Works
Account," the following moneys; viz.,
1. Two-fifth parts of all sums paid to the said Treasurer on account of
territorial revenue arising within the Province of Canterbury.
2. All rents and net profits paid to the said Treasurer on account of
Railways and Harbour Works within the said Province.
3. All sums borrowed and raised by Bonds, Debentures, or other Securities
upon the security of the revenues of the Province, for
the purpose of the
construction of such railways and harbour works.
3. The Provincial Treasurer shall pay the following moneys from this Account.
The Provincial Treasurer shall pay out of "The Railway
and Harbour Works
Account"
1. The interest and sinking fund annually payable on all such Bonds,
Debentures, and other Securities as aforesaid, including all
Debentures issued
under the provisions of " The Lyttelton and Christchurch Railway Loan Ordinance,
Session XIII., No. 1," and of
the Canterbury Loan Ordinance, 1862."
2. All such Sums as shall, by due authority of Law, be appropriated towards
the Construction of railways and harbour works within
the Province of
Canterbury.
4. The Effect of this Ordinance.
Nothing in this Ordinance contained shall prejudice, vary or affect any
security created under or by virtue of "The Loan Ordinance,
Session VIII., No.
3," or of " The Lyttelton and Christchurch Railway Loan Ordinance, Session
XIII., No. 1," or of " Canterbury Loan
Ordinance, 1862," or of any Act of the
General Assembly of New Zealand, or of an Act of the Imperial Parliament,
entituled " An Act
to Guarantee a Loan for the Service of New Zealand."
5. Title.
This Ordinance may be cited as "The Railway and Harbour Works Fund
Ordinance, 1864."
Notes.
Passed the Provincial Council on 29th April, 1864, assented to on behalf of the
Governor on the same day.
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URL: http://www.nzlii.org/nz/legis/can_ord/raho1863248