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Westport Times, Volume VI, Issue 921, 1 February 1872, Page 1

Miscellaneous, WHEREAS by "The Snttnipr tion and Public Works A I Amendment Act, 1571," it is among other things enacted, that the Minist. for Public Works may receive applie: tions from the owners or lessees i works for the supply of water on Go! 1 Fields, for mining and other purpose./-, or from other persons interested h such works about to 'be constricted, for advances of money to aid in the construction, extensioa, -or improuinent of such works ; and by the sai-.i Act it is further enacted that the said Minister may make [Regulations prescribing the mode of making and the form of such application, aud for pro feeding "on such application, as in tinsaid Act mentioned : And whereas ii is expedient that Eegulations shouK. be made for the purposes in the said Act mentioned ■ Now therefore, I, the Honorable John Duvies Ormo'nd, tho Miniate'for Public "Works, in pursuance an exercise of the authority vested iu m by the said Act,.do hereby make tli • Regulations set forth in the Schedule, hereto, prescribing theinode cf maidn'g and the form ot application for adyiin'ces of money to aid in the construction of works for the supply of water on Gold*F'elds, and for pi oceeding on su h application. SCHEDULE. 1. Persons desirous of obtaining advances of money for the time specified shall make application in writing to the Warden of the District or the Agent duly appointed in that behalffor the Province or District in win.-' the intended works are to be con; trai. • ed, and such application shad state(l.) The names 'and descriptions of the applicants, or if tin y be a Company register*.. under any Act of the fieneraPAssembly, then the regi - tered particulars thereof. (2.) The names of the Engineer and Manager cf the enterprise. (3.) The general description 'of the water race or races, datm--", 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; thequantily of water intended to be conveyo'l or stored ; the length of the race or races : size of "reservoirs or dams ; the maximum rate ptoposeo to be charged for the water ; the nature and extent of tin auriferous ground propose c! to be supplied with water. (4.) The estimated cost of tlie enterprise. (5.) The proposed capital. (G.) The interests, if any, affectcby the diversion or storage of the water to be dealt with (7.) The amount of money pro posed to be borrowed, which must not exceed one-third ot the estimated cost of tin construction of the works. 2. With the application the app] - cant shall forward to the Warden o agent a receipt from the Receiver <■■' Land Revenue of the District for thamount of 2i- per cent, upon the money proposed to be borrower.. S. Immediately after any applicn tion shall have been finally docile upon,the deposit thereon Will ban'; paid, except so much as may be rtained under authority of tho Mifistf for covering the cost of the inquir made in accordance with the pro\ isions of the Act. 4s. The projectors of any entorpri to which money may he advanced eha l before the issue of any loan to then.. give to the Minister a valid lien > mortgage to cover the amount of lpn over the works and property propose to be constructed ; and such lien <\ mortgage shall be registered in tinWarden's Court of the district, an< shall be prepared at tho expense- • !' the projectors. 5. No money shall bo paid towards tho construction of any water ra-.-■ dam, or reservoir unless the project.-! ot the same shall have duly registers, themselves under the Mining Con panics Limited Liability Act or ih■■ Joint Stock Companies Act. 6. The rate of interest to be paid by the projectors of any enterprise cor.. ing under tlieso Regulations shall be seven (7) pounds per centum per aunum, payable quarterly from tin date of the advance. 7. The capital sum (o be repaid onof the profits of the Enterprise in tVj same proportion as the amount if money advanced bv tho Governfflpj bears to the pai - ip capital of lie Company. W. GLSBORNE, ("Minister Acting for tlfe -Minister for Public Works.) Public Work* Office, Wellington, ith January, 1872.