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     EDWARD WHELAN, QUEEN’S PRINTER. 
     
    
   
   
    
     t.-,"§;‘ """ """ 
     
     v 
     
    
   
   
    
     5; -_.-, .. -A M 
     
    
   
   
    
     VOL. l.-—NO. 13. 
     
    
   
   
    
       
     
    
   
   
    
     Charlottetown, Prince Edward Island, “Tetlnesday, June 5, 1867. 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     LAWS OF PRINCE EDWARD ISLAND. 
     
    
   
   
    
       
     
    
   
   
    
     to raise a Loan of Money for the Pub- 
     
    
   
   
    
     lic Services ofthis Island. 
     
    

    
     [Passed May 17, 1867.] 
     
     IIEREAS by virtue of the Act of the 
     
     General Assembly of Prince Edward Is- 
     
     land, passed in the sixteenth year of the reign 
     
     of Her present Majesty, chapter eighteen, the 
     
     Lieutenant Governor, with the advice of Her 
     
     Majesty’s Executive Council, is authorized to 
     
     raise and borrow Thirty Thousand Pounds for 
     
     the payment of the purchase money oflands 
     
     purchased by the Commissioner of Public Lands 
     
     under the said Act, and other purposes thereof 
     
     as therein set forth and specified, which right to 
     
     raise money has, since the passing of the said 
     
     Act, been enlarged and increased by various 
     
     Statutes passed by the said General Assembly: 
     
     And whereas it is deemed necessary for the 
     
     public good, and for the benefit of all classes of 
     
     Her Majesty’s subjects in this Island, yet fur- 
     
     ther to increase the amount of money to be 
     
     raised and expended by the Government, as 
     
     well as for the purpose of enabling them from 
     
     time to time, as Opportunity offers, to make 
     
     still more extensive purchases than have yet 
     
     been made of lands, in order that all parts of 
     
     this Island may, if possible, equally share in 
     
     the benefits to be derived from a gradual ex- 
     
    

    
     tinguishment of proprietory claims. 
     
    

    
     Be it therefore enacted by the Lieutenant 
     
    

    
     Governor, Council and Assembly, as follows: 
     
    
   
   
    
       
     
    
   
   
    
     I. That so soon as convenient, after the pass 
     
     ing of this Act, it shall be lawful for the 
     
     Lieutenant Governor, by and with the advice of 
     
     Her Majesty’s Executive Council, to order a 
     
     loan account under this Act, to be opened in 
     
     the Treasury of this Island, and to authorize 
     
     and direct the Treasurer to borrow and receive 
     
     from any person or persons, bodies politic or 
     
     corporate, and in such sums and amounts 
     
     as may be from time to time required for the 
     
     purposes thereof, and as may be practicable and 
     
     convenient, a loan or loans of money, not ex- 
     
     ceeding one hundred thousand pounds sterling 
     
     money of Great Britain, or one hundred and 
     
     fifty thousand pounds of lawful money of this 
     
     Island, to be raised wholly in this Island or in 
     
     Great Britain, or elsewhere out of the Island, 
     
     or partly in this Island, and partly in Great 
     
     Britain, or elsewhere out of this Island, as the 
     
     Lieutenant Governor of this Island, with the. 
     
     advice and consent of the Executive Council 
     
     thereof, shall from time to time order and di- 
     
    
   
   
    
     rect. 
     
    
   
   
    
     II. Any monies to be raised and borrowed 
     
     within this Island, under the provisions of this 
     
     Act, shall be received by the Colonial Treasurer 
     
     for the time being, who shall, and he is hereby 
     
     authorized to cause and direct any number of 
     
     Debentures to be made out, for any such sum 
     
     or sums of money, not exceeding in the whole 
     
     the said sum of one hundred thousand pounds 
     
     sterling, or one hundred and fifty thousand 
     
     pounds, of lawfulmoney of this Island, (includ- 
     
     ing any amounts which may be raised in Great 
     
     Britain or elsewhere, out of this Island, under 
     
     the subsequent‘provisions of this Act), as any 
     
     person or persons, bodies politic or corporate, 
     
     shall agree to advance on the credit of this Is- 
     
     land; and such bonds or debentures shall be