An Act for granting Her Majesty certain sums of money... (1868)

Contents

An Act for granting Her Majesty certain sums of money required for defraying certain expenses of the Public Service for the financial years ending respectively the thirtieth day of June, 1868, and the thirtieth day of June, 1869, and for other purposes relating to the Public Service.

Preamble.

1. $7,502,874 04 appropriate for certain expenses in 1867-8.

2. $7,901,855 01 appropriated for certain expenses in 1868-9.

3. Any balance remaining of vote of credit under 31 Vic. c. 4, to be returned to Consolidated Revenue Fund.

4. Governor in Council may authorize the raising of money on the Credit of the Consolidated Revenue Fund to the amount of $6,000,000.

How such loan shall rank on the said Fund.

On what securities to be raised.

5. Accounts to be laid before Parliament.

Schedule A.

Schedule B.

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31 Victoria, c. 31 (Canada)

An Act for granting Her Majesty certain sums of money required for defraying certain expenses of the Public Service for the financial years ending respectively the thirtieth day of June, 1868, and the thirtieth day of June, 1869, and for other purposes relating to the Public Service

[Assented to 22nd May, 1868.]

 Most Gracious Sovereign—

Preamble.

 Whereas it appears by messages from His Excellency the Right Honorable Charles Stanley Viscount Monck, Governor General of the Dominion of Canada, and the estimates accompanying the same, that the sums hereinafter mentioned, are required to defray certain expenses of the Public Service of the Dominion, not otherwise provided for, for the financial years ending respectively on the thirtieth day of June, one thousand eight hundred and sixty-eight, and the thirtieth day of June, one thousand eight hundred arid sixty-nine, and other purposes connected with the Public Service : May it therefore please Your Majesty, that it may be enacted, and be it enacted by the Queen's Most Excellent Majesty by and with the advice and consent of the Senate and House of Commons of Canada, that—

$7,502,874 04 appopriate for certain expenses in 1867-8

1. From and out of the Consolidated Revenue Fund of Canada, there shall and may be applied a sum not exceeding in the whole seven million, five hundred and two thousand, eight hundred and seventy-four dollars and four cents, towards defraying the several charges and expenses of the Public Service of the Dominion, from the first day of July, in the year of our Lord one thousand eight hundred and sixty-seven, to the thirtieth day of June, in the year of our Lord one thousand eight hundred and sixty-eight, not otherwise provided for, and set forth in the Schedule A to this Act, and for the other purposes in the said Schedule mentioned.

$7,901,855 01 appropriated for certain expenses in 1868-9

2. From and out of the Consolidated Revenue Fund of Canada, there shall and may be paid and applied a sum not exceeding in the whole seven million, nine hundred and one thousand, eight hundred and fifty-five dollars and one cent, towards defraying the several charges and expenses of the Public Service of the Dominion, from the first day of July, in the year of our Lord one thousand eight hundred and sixty- eight, to the thirtieth day of June, in the year of our Lord one thousand eight hundred and sixty-nine, not otherwise provided for, and set forth in the Schedule B to this Act, and for the other purposes in the said Schedule mentioned.

Any balance remaining of vote of credit under 31 Vic. c. 4, to be returned to Consolidated Revenue Fund

3. The amount of such sums of money as may have been paid in the present financial year 1867-8, for or on account of any of the services mentioned in Schedule A to this Act, out of the sum of five millions, two hundred and sixty-four thousand, two hundred and seventy-nine dollars, granted by Parliament, by the Act passed in the present Session, [[../Chapter 4|chapter four]], towards defraying the expenses of the Public Service of the Dominion, not otherwise provided for, from the first day of July, in the year of our Lord one thousand eight hundred and sixty-seven, to the thirty-first day of March, in the year of our Lord one thousand eight hundred and sixty-eight, shall be charged as having been paid out of the sums granted for such services by this Act, and any balance of the said grant, after deducting the amount so expended and accounted for in the Public Accounts laid before the House of Commons, as provided in the said Act, up to the day last aforesaid, shall be cancelled and returned to the Consolidated Revenue Fund.

Governor in Council may authorize the raising of money on the Credit of the Consolidated Revenue Fund to the amount of $6,000,000

4. The Governor in Council may authorize the raising of a sum of money not exceeding six million dollars, upon the credit of the Consolidated Revenue Fund of Canada,

and to be a charge upon the same, but subject to the several preferential payments by the British North America Act, 1867, and by the first section of the Act of the Parliament of Canada, passed in the present Session, and intituled : An Act respecting the Consolidated Revenue Fund, charged on the Consolidated Revenue Fund of Canada, and as a subsequent charge next after those specified in the said first section of the Act last mentioned, and in the Act passed in the present Session, and intituled : An Act to make provision for defraying the expense of certain works of fortification required for the defense of the Dominion, (and to be in addition to the Public Debt of Canada, as constituted by the one hundred and eleventh section of the British North America Act, 1867,

On what securities to be raised

and the Governor in Council may authorize the raising of such sum by any of the methods following, or partly by one and partly by another or others of such methods, that is to say : by the issue, or issue and sale of Stock, or of Debentures or of Exchequer Bills, or Exchequer Bonds, or by the granting of Terminable Annuities ; any of which said securities shall be in such form and be made payable for such sums and bearing such rate of interest not exceeding six per centum per annum, and for or redeemable at such periods of time respectively, as the Governor in Council may deem expedient ; and such provisions may be made for the creation of a sinking fund for the repayment of the said loan, and for the management thereof, as the Governor in Council may think proper to make ; and all sums of money so raised, shall form part of the Consolidated Revenue Fund of Canada.

Accounts to be laid before Parliament

5. A detailed account of the moneys expended under the authority of this Act, shall he laid before the House of Commons during the first fifteen days of the Session of Parliament next after such expenditure.

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