An Act to make provision for defraying the expense of certain Works of Fortification required for the Defence of the Dominion

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31 Victoria, c. 41 (Canada)

An Act to make provision for defraying the expense of certain Works of Fortification required for the Defence of the Dominion.

[Assented to 22nd May, 1868.]

 Most Gracious Sovereign.

Preamble.

 We, Your Majesty’s dutiful and loyal Subjects, the Commons of Canada in Parliament assembled, having taken into consideration the Message of His Excellency the Governor General, bearing date the first day of May, in the year of Our Lord one thousand eight hundredy and sixty-eight, recommending that provision should be made to the amount hereinafier mentioned, to defray the expense of constructing certain Works of Fortification for the Defence of the Dominion, and having resolved to make such provision, and for that purpose to grant to Your Majesty, the sums hereinafter mentioned,—do most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen’s Most Execllent Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, that—

Power to raise loan of £1,100,000 stg., for the purposes of this Act.

1. It shall be lawful for the Governor in Council to authorize the raising by way of loan, upon the guarantee of such loan or of the interest thereon by the Commissioners of Her Majesty’s Treasury, of such sums not exceeding in the whole the sum of one million one hundred thousand pounds sterling, as may be necessary for the purposes hereinafter mentioned;

How to rank on Con. Rev. Fund, &c.

and the sums so raised, with the interest thereon, shall be a charge on the Consolidated Revenue Fund of Canada, next after the appropriation for the construction of the lntercolonial Railway, as shall also such sums as may be necessary to repay the said loan, either by way of a Sinking Fund not exceeding one per centum per annum on the principal sum so raised, or in such other way and subject to such conditions as the Governor in Council, with the assent of the Commissioners of Her Majesty’s Treasury, may agree upon and determine.

Works to be constructed under this Act.

2. It shall be lawful for the Governor in Council, from time to time, to authorize the payment out of the sums to be raised under the authority of this Act, of such sums as may be necessary to defray the expense of constructing Works of Fortification for the Defence of the City of Montreal and other cities and places west of Montreal, and for the defence of the City of St. John, in the Province of New Brunswick;

To be Public Works under 31 V. c. 12.

such works of defence to be Public Works within the purview of the Act of the present Session, intituled : An Act respecting the Public Works of Canada, and to be constructed under the provisions of the said Act.

Accounting clause.

3. A detailed account of all moneys raised and expended under the authority of this Act, shall be laid before the House of Commons during the first fifteen days of the Session of Parliament next after they are so raised or expended.

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