Parliamentary Debates; Legislative Council and House of Representatives Volume 113

Parliamentary Debates; Legislative Council and House of Representatives Volume 113

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ... was fixed; and what does section 3 of the same Act say? Section 3 says this, as showing how the money was earmarked for this special purpose: --" All moneys borrowed under the authority of the said Act "--and I would ask honourable members to note these facts as showing that this railway was specially singled out in the account-books of the colony for special treatment--" shall be carried to a separate account in the Public Works Fund, and shall from time to time be applied to the construction of the said railway, in such amounts and within such periods only as shall be provided by any Act or Acts to be passed by the General Assembly appropriating the said moneys; and it is hereby expressly declared that it shall not be lawful for the Governor to recommend to Parliament the appro rlation of any part of the moneys so authorise to be borrowed to any other purpose than the construction of the said railway as defined by this Act." This Act thus clearly takes it out of the power of the Crown even to ask Parliament to divert the money to any other puipnse, so sacred was the fund deemed to be by the Legislature--eo necessary was it considertd that the work should be speedily undertaken. The Act of 1889, which in part repealed the Act of 1886, still emphasizes the importance of the railway--still points to the necessity for speedy construction and special treatment. In section 4 of the Act of 1889, called " The North Island Main Trunk Railway Loan Application Act Amendment Act," subsection (2) says this: After stating that land might be acquired by means of a pertion of the money borrowed for this purpose, it specially sets aside the land as an asset for the construction of the line, so that the funds derived more

Product details

  • Paperback | 672 pages
  • 189 x 246 x 34mm | 1,179g
  • United States
  • English
  • black & white illustrations
  • 1236786211
  • 9781236786210