ABOLITION BILL.

Mount Ida Chronicle, Volume VI, Issue 345, 15 October 1875, Page 3

ABOLITION BILL.

Tlie following are the clauses as fhey have finally passed the House of Representatives, regulating the disposal of the gold rereDiie, aud the appropriation of the laud revenue : OOLDFIEIDS REVENUE. 15. Notwithstanding anything to the contrary contained in " The Public Revenue Act, 1867," .or any other Act, tlie revenues arising within any provincial district under the provisions of "The Goldfields Acf, I860," or any Act for tlie timo being in force relating to the mining for gold, in respect of minors' rights, business licenses, or otherwise iu respect of the occupation for gold mining purposes of Crown lands, and the revenues arising within any provincial district under the provisions of " The Gold Duties Act, 1870," or " The Gold Duties Act, 1872," shall in no case be deemed to be revenue arising from the occupation of the wastelands of the Crown, but all such revenues shall be applied in defraying the coats charges and expenses incident, to the management and administration of the Goldfields within such provincial district; Provided that nothing herein contained shtlll extend to any such revenues as in the preceding part of. this section mentioned if the same shall bo derived from the sale of the waste lands of tho Crown within any Gold - field, or from rents or other moneys x'eceived under agricultural leases of ench lands, but , all such last-mentioned revenues shall be deemed to be land fund of the provincial districts in which the same shall ariso or be received. Such revenues shall also bo charged with tho same payment of all rents or other sums of money which may bo payable by Her Majesty the Queen or by the Governor of the colony to the native owners of any land leased or otherwiso occupied for gold mining purposes under "The Goldfields Act, 1860, or any Act amonding the same, or under any other Act for the time being in force relating to mining for gold. _ After mating the deductions herein provided the balance nhall be held for tho purpose of this Act to be general rates, and shall be paid to the public account, and a separate account thereof kept, and such balance shall be paid over to the governing body or bodies of the district from which such revenue has been received, together with any proportionate endowments which may accrue from the land fund and from the Consolidated Rovenue, to be _ computed iii the manner provided in tho nineteenth and twentieth sections hereof.

APPBOPBIATION OS LAND FUND. 16. A separate account shall be kept of the laud fund arising within each provincial district and tho same is hereby appropriated and charged as hereafter provided. (1.) With the payment of the interest and sinking fund of all loans debts and other liabilities which at the date of the abolition of the province comprised within tho provincial district were chargeable against the province. (2.) With the cost of surveys and the general administration of waste lands within the province comprised within the provincial district. (3.) With the annual payments to the governing bodies of the several road districts, and to Boards of Kiver Conservators within the provincial, district, and by way of endowment, of sums of money to be computed in the manner provided in the nineteenth section hereof.

Provided that if, at the date of the abolition of any province, any of the land revenue of such province shall be invested or deposited in any manner, such land revenue shall, subject to the provisions of this Act, be dealt with under this Act as land revenue of the provincial district in which the same shall he so invested or disposited as aforesaid. . 17. If in any case it shall happen that the land revonue raised within any provincial district for any one. year shall be insufficient to meet the charges imposed thereon by the last preceding section hereof, it shall bo lawful for the Colonial Treasurer, in the manner provided by " The Treasury Bills Regulation Act, 1868," to borrow and raise such a sum as shall be sufficient to make up the deficiency in the land revenue of such provincial district for any such year. The sums raised under such bills, and all interst to accrue due thereon, and all charges incurred in the preparation or circulation of such bills shall, subject to the provisions of this Act, be a charge upon the future land revenue arising within the provincial district, and may from time to time bo charged in account against such last-mentioned .land revenue. _ The amount of such Treasury bills in circulation at any one time shall not exceed the sum of one hundred thousand pounds. 18. Theresidue of the land fundarising within each_ provincial district after the deduction aforesaid shall bo paid to and applied by local governing bodies in the construction and maintenance of public works within the provincial districts, in Buch manner as shall hereafter be provided by any Act of the General Assembly constituting such'local government bodies within such districts. 19. There Bhall be paid annually out of the land fund of each provincial district to the governing bodies of the several road districts and to Boards of River Conservators within such provincial district, by way of endowment a sum of one pound for every one pound of general rates received within the road district, but no such annual payment shall exceed one shilling in the pound upon the annual value to let, or one penny in the pound upon the value to sell, of the rateable property within any such road district. 20. There shall be paid annually out of the Consolidated Fund to the governing body of every road district and municipality within each provincial district, by way of endowment, a sum of one pound for every one pound of general rates received within the road district or municipality but no such annual payment shall exceed one shilling in the pound upon the annual value to let, or one penny in (.he pound upon the value to sell, of the rateable property within any such road district or municipality. 21. Un or before the first day of June in oaeh yoartho governing body of every'road district and municipality within any provincial district shall cause to be prepared and transmitted to the Colonial Treasurpr a true and detailed account of all moneys actually received within such road district or municipality as and for gen oral rates during the last past financial year of such road district or municipality. No such account shall avail for the purpose of this Act unless it be verified by the solemn declaration of the Chairman of the Koad Board, or the Mayor of the Municipality, as the case may be. The annual payments to be made to the several governing bodies by way of endowment shall be calculated upon the amount shown to have been aetu illy r.ei-ived by such governing bodyasaiidfor general rates as aforesaid up to the close of such last past finanica! year.