96
10 GEO. V.] Melbourne and Metropolitan Tramways. [No. 3023
No. 3023.
An Act to amend Division 8 of Part III.
of the Melbourne and Metropolitan
Tramways Act 1918.
[16th December, 1919.]
Preamble.
"TTTHEREAS by the Melbourne and Metropolitan TramV V ways Act 1918 provision is made for the determination
of the total amount of each municipality's contribution thereunder to The Melbourne and Metropolitan Municipal Loans
Redemption Fund to be established in the Treasury as provided in the said Act": And whereas it is farther provided
that the first such determination shall be made as soon as
practicable after the passing of the said Act and that for the
purposes of the said first determination the cable tramways
surplus as defined in the said Act shall be deemed to be
Eight hundred and twenty-seven thousand pounds : And
whereas provision is also made by the said Act for the total
amount of each municipality's contribution to the said
Redemption Fund being again determined when it appears
to the Governor in Council that the said cable tramways
surplus has been paid into or is available for payment into
the said Redemption Fund and that the amount of the said
cable tramways surplus is or will be substantially greater
or less than Eight hundred and twenty-seven thousand
pounds : And whereas the said first determination
has been made as provided by the said A c t : And
whereas it now appears that the said cable tramways
surplus will be less than Eight hundred and twenty-seven
thousand pounds: And whereas it is expedient to provide
that (instead of the total amount of each municipality's
contribution to the said Redemption Fund being again
determined as provided by the said Act) the said total
amount of each municipality's contribution to the said
Redemption Fund shall be the amount determined on the
said first determination thereof and that the Board constituted under the said Act shall as hereinafter provided
pay out of the revenues from its tramway undertakings
into the said Redemption Fund a sum equal to the difference between the amount of the said cable tramways
surplus and Eight hundred and twenty-seven thousand
pounds and that the said Act be amended as hereinafter
provided
10 GEO. V.] Melbourne and Metropolitan Tramways. [No. 3023
97
provided: Be it therefore enacted by the King's Most
Excellent Majesty by and with the advice and consent of
the Legislative Council and the Legislative Assembly of
Victoria in this present Parliament assembled and by the
authority of the same as follows (that is to say) :—
1 . This Act may be cited as the Melbourne and Metro- ^hortttlfcle
politan Tramivays Act 1919 and shall be read and construed and citation
as one with the Melbourne and Metropolitan Tra?mvays Act No*20951918 (hereinafter called the Principal Act) which Act and
this Act may be cited together as the Melbourne and
Metropolitan 'Pramways Acts.
2 . Notwithstanding anything in the Principal Act—
mSitol)e
tramways
(1) the Board constituted under the Principal Act gedeS°tt
shall out of the revenues from its tramway :Fundundertakings pay into The Melbourne and
Metropolitan Municipal Loans I redemption
Fund within twelve months after the commencement of this Act a sum equal to the
difference between the amount of the cable
tramways surplus and Eight hundred and
twenty-seven thousand pounds;
( 2 ) the sum to be so paid shall be charged upon the
said revenues ;
(3) the total amount of each municipality's contribn- contributiona
tion to the said Fund shall be the amount municipalities
,
to Redemption
determined on the first determination thereof Fund to bo in
,
,
,
i i -
accordance with
and the hall-yearly instalments payable into the rust
•'
^
•
>
•
.
.
.
determination.
the said Fund by the several municipalities
shall be and continue to be so payable in
accordance with the said first determination ;
and the provisions of the Principal Act shall
be read and construed and take effect accordingly.
3 . The Principal Act to the extent to which the same ^eJ9d9^#ento1
is in and by the Schedule to this Act expressed to be schedule.
amended is hereby amended accordingly.
1242.—5
SCHEDULE.
10 GEO. V.] Melbourne and Metropolitan Tramways. [No. 3023
SCHKDULK.
A M E N D M E N T S OF T H E MELBOURNE
AND
METROPOLITAN
TRAMWAYS
ACT 19IS.
I n paragraph (d) of sub-section (2) of section seventy-three for the
word " a n y " there shall be substituted the word " the."'
In sub-section (2) of section seventy-four'for the words " Municipalities'
Loans Redemption Act" there sliall be and from the passing of the
Principal Act be deemed to have been substituted the words " Municipalities' Loans Extension Act."
Section seventy-six shall be amended as follows:—
(a) I n paragraph (a) of sub-section (1) for the words " Municipalities'
Loans Redemption Act" there shall be and from the passing
of the Principal Act be deemed to have been substituted the
words " Municipalities' Loans Extension Act": and in paragraph (i) of sub-section (2) for the word " t r a m w a y " there
shall be and as from the passing of the Principal Act be
deemed to have been substituted the word " t r a m w a y s . "
(&) I n paragraph (c) of sub-section (1) for the words " shall continue
to be payable unless and until a further determination is made
as hereinafter provided"' there shall be substituted the words
"shall be and continue to be payable as so determined."
(c) Sub-section (5) shall be repealed.
Sub-section (3) and sub-section (4) (except the proviso therein) of
section seventy-eight shall be repealed.
I n sub-section (3) of section eighty t h e words " Tf the amount of any
municipality's total contribution to the Redemption Fund is decreased on
a further determination thereof as hereinbefore provided, and also " shall
be repealed.