Priorities of loans

Fire Brigades Board Debentures.

(3.) Such debentures may be issued payable to bearer, and shall, when so issued, be transferable, subject to the conditions indorsed thereon, by delivery.

(4.) Such debentures may have attached thereto interest coupons, which may be made payable to bearer and transferable by delivery.

(5.) The Board may issue such debentures, subject to conditions not inconsistent with the provisions of this Act.

3. WHERE more than one loan is raised, priority shall depend and rank of deben. upon the date of the loan. All debentures forming part of the same loan shall rank pari passu.

tures.

Lender need not

4. NO person advancing money to the Board shall be bound to inquire into applica inquire into the application of the money advanced or be responsible for the non-application or mis-application thereof.

tion of moneys.

Realisation of loan moneys.

Sinking fund.

5. (1.) IF the Board makes default in payment of the principal or any instalment of interest secured by any debenture, the holder thereof may, subject to the conditions indorsed on the debenture, on behalf of himself and all other debenture holders, take all usual legal proceedings to recover payment and realise thereunder, and in addition thereto may obtain from the Supreme Court or a Judge thereof the appointment of a Receiver of the real and personal estate of the Board charged by the said debenture and also of the income and revenue of the Board.

(2.) The said Court or a Judge thereof may order a sale of the whole or any part of the real and personal estate so charged, and may order payment of such debentures out of such part of the sinking fund as may be applicable to such debentures, and order the realisation of any securities forming such fund.

6. (1.) A SINKING fund shall, as and when required by the Colonial Treasurer, be created by the Board for the repayment of each loan in accordance with such conditions as may be prescribed by the Governor.

(2.) All sums paid into such sinking fund shall be forthwith invested in the joint names of the Board and the Colonial Treasurer in such securities as trustees are by law for the time being entitled to invest in, and all dividends and annual suns from such investments shall be paid into and form part of such sinking fund and be invested in like manner.

(3.) Such sinking fund in connection with any loan shall be used for the purposes of the said loan and for no other purpose whatever.

(4.)

Fire Brigades Board Debentures.

(4.) The Board shall keep an account of all moneys and investments for the time being forming part of such sinking fund, and shall permit any debenture holder to inspect such accounts.

(5.) If the Board fails to comply with the provisions of this section, any debenture holder may, on behalf of himself and all other debenture holders, apply to the Supreme Court or any Judge thereof to enforce observance of such provisions.

7. THE loan of eight thousand pounds heretofore raised by the Board may be secured by debentures issued under this Act.

Existing loan.

In the name and on behalf of the Queen I hereby assent
to this Act.
ALEX. C. ONSLOW, Administrator.

By Authority: RICHARD PETHER, Government Printer, Perth.

the Patent Act (Amendment), 1892.

[Reserved, 5th December, 1900.]

BE by Q consent of the Legislative Council and

E it enacted by the Queen's Most Excellent Majesty, by and

Legislative Assembly of Western Australia, in this present Parliament
assembled, and by the authority of the same, as follows:-

1. THIS Act may be cited as the Patent Act (Amendment),
1900.

2. NO letters of registration granted by the Governor to any person under the powers conferred upon him by an Act of the thirty-sixth year of Her present Majesty, No. 1, or section forty-nine of the Patent Act, 1888, or section two of the Patent Act (Amendment), 1892, shall inure or be valid and effective beyond the term mentioned in the original letters in respect of which such letters of registration were granted, and an extension of the term of the

original

Short title.

Letters of registra beyond term of original patent on

tion not to inure

extension of term

in other countries.

Petitions for extensjon need not be referred to Court.

Patent Act Amendment.

original letters patent in the country or colony where the same were granted shall not be deemed a continuance of the original letters patent.

3. IT shall not be incumbent on the Governor to refer any petition for the extension of the term of a patent to the Supreme Court, and the Governor may, in his absolute discretion, and without assigning any reason, refuse the prayer of the petition.

I hereby reserve this Bill for the signification of Her
Majesty's pleasure thereon.

ALEX. C. ONSLOW, Administrator.

By Authority: RICHARD PETHER, Government Printer, Perth.