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Westport Times, Volume VI, Issue 934, 2 March 1872, Page 1

Miscellaneous, HEEEAS by "The Innnigrar tion and Public Works Act Amendment Act, 1571," 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 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 Eegulations prescribing the mode of making and the form of such application, and for proceeding on such application, as in tl e said Act mentioned: And whereas t is expedient that Eegulations 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 Eegulations set forth in the Schedule hereto, prescribing the mode of making and the form ot application for advances of money to aid in the construction of works for the supply of water on Gold Fields, and for pi oceeding on such application. SCHEDULE. 1. Persons desirous of obtaini 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 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 registered under any Act of the General Assembly, then the registered particulars thereof. (2.) The names of the Engineer and Manager of the enterprise. (3.) The general description ot the water race or races, d/"ns„ reservoirs, or other v proposeu u> oe wuo c .> together with duly at copies of the cer"tifica.„ „. 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; tl e nature and extent of the auriferous ground proposed to be supplied with water. (4.) The estimated cost of die enterprise. (5.) The proposed capital. (6.) 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 Eevenue of the District for the amount of 2\ per cent, upon the money proposed to be borrowed. 3. Immediately after any application shall have been finally decided | upon, the deposit thereon will be re- I paid, except so much as may be retained under authority of the Minister for covering the cost of the inquiry made in accordance with the pßovisions of the Act. 4. The projectors of any enterprise to which money may be 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 be constructed ; and such lien or mortgage shall be registered in the Warden's Court of the district, and shall" be prepared at the expense of the projectors. 5. No money shall be paid towards the construction of any water race, dam, or reservoir unless the projectors of the same shall have duly registered themselves under the Mining Companies Limited Liability Act or the Joint Stock Companies Act. j|6. The rate of interest to be paid bv the projectors of any enterprise coining under these Eegulations shall be seven (7) pounds per centum por annum, payable quarterly from the date of the advance. 7. The capital sum to be repaid out of the profits of the enterprise in the same proportion as the amount o money advanced by the Government bears to the raid-up capital of the Company. W. GISBOENE, (Minister Acting tor the i\tiuister for Public Works.) Public Witts Office, Wellington, 4th January, 1872.