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Revenue Advancement Ordinance 1853

1. The Advance of Money Ordinance 1853.

An Ordinance for Authorizing an Advance of Money on Account of the Revenue

of the Province of Canterbury, New Zealand, for the Service of the said Province.

Whereas it is expedient that provision be made for the temporary Service of the said Province:

Be it enacted by the Superintendent of the Province of Canterbury, by and with the advice and consent of the Provincial Council thereof, as follows:—

1. Treasurer may advance Sums of Money, not exceeding in the whole

£200, on the order of the Superintendent, for the Service of the Province. The Provincial Treasurer of the said Province may, and he is hereby authorized out of the Revenues thereof from time to time, to issue any sum or sums of money not exceeding in the whole two hundred pounds sterling, to be applied for the public service of the said Province, in payment to such persons, and in such proportions as the said Superintendent shall, by any order in writing signed by him, from time to time direct.

2. Such Sums to be accounted for and included in the Estimates of Revenue and Expenditure to be laid, before the Provincial Council. Provided that all such sum or sums of money so issued as aforesaid shall be

accounted for and included in the Estimates of Revenue and Expenditure for the

year commencing 1st October, for the said Province, to be laid before the

Provincial Council thereof, during this present Session of the same.

3. The Superintendent may issue Bills to make up deficiencies in the

Treasury Chest.

And whereas the Revenue of the said Province may not be immediately sufficient for the Public Service of the same, be it enacted it shall be lawful for the said Superintendent to issue any Bill or Bills on account of the said Province, for such sum or sums as may be required to make up any deficiency in the gross amount hereinbefore authorized to be paid by the Provincial Treasurer.

4. Such Bills to be signed by the Superintendent, at three months date with eight per cent. interest.

Such Bills shall be signed by the Superintendent on behalf of the Province, and shall be made payable by the Provincial Treasurer to the person or persons advancing money thereon, on his or their order, at not later than three months' date, with interest not Exceeding eight pounds per centum per annum.

5. Such Bills and, Interest to be charged on the Revenues of the Province. Such Bills and interest shall be a charge upon the General Revenue of the Province of Canterbury.

6. The Superintendent not to be personally liable for such Bills.

The said Superintendent shall not incur personal liability by reason of his signing or issuing such Bills.

Notes.

This Ordinance was passed by the Canterbury Provincial Council on 11th

November 1853, and assented to by the Superintendent on 17th November.