Page 4 Advertisements Column 3

Cromwell Argus, Volume III, Issue 115, 23 January 1872, Page 4

WHEREAS, by the “ Immigration and Public Works Act Amendment Act, 1871,” it is. amongst other things, enacted that the Minister for Public Works may receive applications from the owners or lessees of works for the Supply of Water on the Gold-fields for mining and other purposes, or from other persons interested in such works about to be constructed, for advances of money to aid in the construction, extension, or improvement of such works ; and by the said Act it is further enacted that the said Minister may make Regulations prescribing the mode of making and the form of such application, and for proceeding on such application, as in the said Act mentioned : And whereas it is expedient that Regulations should be made for the purposes in the said Act mentioned : Now, therefore, I, the Honorable John Davies Ormond, the Minister for Public Works, in pursuance and exercise of the authority vested in me by the said Act, do hereby make the Regulations set forth in the Schedule hereto, prescribing the mode of making and the form of application for advances of money to aid in the construction of works for the supply of water on Gold-fields, and for proceeding on such application, SCHEDULE. I. Persons desirous of obtaining advances of money for the purposes specified shall make application in writing to the Warden of the District, or the agent duly appointed in that behalf for the Province or District in which the intended works are to be constructed ; and such application shall state : (1) The names and descriptions of the applicants ; or if they be a Company regis- j tered under any Act of the General Assembly, then the registered particulars thereof. (2) The names of the Engineer and Manager of the enterprise. (4) The general description of the water-race, or races, dams, reservoirs, or other works proposed to be constructed, together with duly-attested copies of the certificate or certificates of title to the water or ground ; the quantity of water intended to be conveyed or stored; the length of the race or races ; size of reservoirs or dams ; the maximum rate proposed to be charged for the water ; the nature and extent of the auriferous ground proposed to be supplied with i water. (4) The estimated cost of the enterprise. (5) The proposed capital. (C) The interests (if any) affected by the diversion or storage of the water to be dealt with. (7) The amount of money proposed to be borrowed, which must not exceed one-third of the estimated cost of the construction of the works. 2. With the application, the applicant shall forward to the Warden or Agent a receipt from the Receiver of Land Revenue of the District for the amount of 24 per cent upon the money proposed to he borrowed. 3. Immediately after any application shall have been finally decided upon, the deposit thereon will be repaid, except so much as may be retained under authority of the Minister for I covering the cost of the enquiry made in accordance with the provisions of the Act. 4. The projectors of any enterprise to which money may bo advanced shall, before the issue of any loan to them, give to the Minister a valid lien or mortgage to cover the amount of loan [ over the works and property proposed to he con- . structed; and such lien or mortgage shall be r registered in the Warden’s Court of the district, and shall be prepared at the expense of the pro--1 jectors. 5. No money shall bo paid towards the cong struction of any water-race, dam, or reservoir 3 unless the projectors of the same shall have duly registered themselves under the Mining Corn ’ panics Limited Liability Act or the Joint Stock Companies Act. e 6. The rate of interest to he paid by the pro t jectors of any enterprise coming under thes< I Regulations shall be seven (7) pounds per cen turn per annum, payable quarterly from the dati of the advance. 7. The capital sum to be repaid out of thi r profits of the enterprise in the same proportioi as the amount of money advanced by the Go ' vernment bears to the paid-up capital of th Company. W. GISBORNE, ’6 7 Minister acting for the Ministerfo Public Works. Public Works Office, Wellington, 4th January, 1872.