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Loan Authorisation Act 1995

SAMOA

LOAN AUTHORISATION ACT 1995

Arrangement of Provisions

Title
1. Short title and commencement
2. Authorising the borrowing of 35,000,000 Renminbi Yuan
3. Terms of borrowing Renminbi Yuan outside Western Samoa
4. Expenditure of monies borrowed

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1995, No.5

AN ACT to authorise the Government to borrow a sum not exceeding 35,000,000 Renminbi Yuan.

[30 June 1995]

BE IT ENACTED by the Legislative Assembly of Western Samoa in Parliament assembled as follows:-

1. Short title and commencement-(1) This Act may be cited as the Loan Authorisation Act 1995.

(2) This Act shall be deemed to have come into force on the 1st day of January 1993.

2. Authorising the borrowing of 35,000,000 Renminbi Yuan-In accordance with the Financial Powers Act 1964, the Minister of Finance is hereby deemed to have been authorised, to borrow from the Government of the Peoples' Republic of China, on the security of the public revenues of Western Samoa, a sum of money not exceeding thirty five million Renminbi Yuan.

3. Terms of borrowing Renminbi Yuan outside Western Samoa-For the purposes of and notwithstanding section 40 of the Financial Powers Act 1964 it is hereby determined that –

(a) No stock shall be issued in respect of the loan monies borrowed from the Peoples' Republic of China:

(b) The place for repayment of principal shall be Beijing in the Peoples' Republic of China or such other place or places designated for those purposes by the Bank of China:

(c) The currency, money, or unit of account in which the loan is to be borrowed and repaid or in which the amount of the borrowing and repayment shall be calculated as agreed from time to time between the Government of Western Samoa and the Government of the Peoples' Republic of China.

4. Expenditure of monies borrowed -Any sums borrowed by the Government under this Act, which are expended for the purposes of and in accordance with the borrowing agreement herein authorised, if paid into a separate fund or account designated by the Minister of Finance for the purposes shall be statutory expenditure.

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Apia, Western Samoa: Printed under the authority of the Western
Samoa Government, by A.F. Tevaga, Government Printer-1995

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SAMOA I SISIFO

Faatulagaina o Aiaiga

Igoa
1. Igoa puupuu ma le amataga
2. E faataga ai le nonoina o le 35,000,000 Renminbi Yuan
3. Tuutuuga o le nonoina oRenminbi Yuan i fafo atu o Samoa i Sisifo
4. Faaaluina o tupe nono

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1995, Nu. 5

O SE TULAFONO e faataga ai le Malo e na te nonoina mai se vaegatupe e le sili atu i le 35,000,000 Renminbi Yuan.

[30 Iuni 1995]

UA FAIA e le Fono Aoao Faitulafono o Samoa i Sisifo i totonu o le Palemene ua potopoto e faapea:-

1. Igoa puupuu ma le amataga-(1) E mafai ona taua lenei Tulafono o le Tulafono e Faatagaina ai Faaunegatupe 1995.

(2) O lenei Tulafono e tatau ona faapea na amata faamamaluina i le aso 1 o Ianuari 1993.

2. E faataga ai le nonoina o le 35,000,000 Renminbi Yuan - E tusa ai ma le Tulafono o Pulega tau Tupe 1964, ua faatagaina nei le Minisita o Tupe e na te nonoina mai le Malo o Tagata Saina, i luga o le puipuiga malu o tupe maua a le Malo o Samoa i Sisifo, se aofaiga o tupe e le sili atu i le tolu sefulu lima miliona Renminbi Yuan.

3. Tuutuuga o le nonoina o Renminbi Yuan i fafo atu o Samoa i Sisifo- Mo aano moni o ma e ese mai ai na i lo le fuaiupu 40 o le Tulafono o Pulega tau Tupe 1964, ua fuafuaina nei e faapea –

(a) O le a le tatau ona tuuina atu se sea e tusa ai ma tupe o le faaunegatupe e nonoina mai le Malo o Tagata Saina.

(b) O le nofoaga mo le toe totogiina o tupe faavae e tatau ona totogiina i Beijing i totonu o le Malo o Tagata Saina po o se i si nofoaga po o ni nofoaga ua tofia mo ia faamoemoe e le Faletupe o Saina.

(c) O le ituaiga tupe, tupe, po o iunite o faamatalaga tau tupe o le a faia ai le nonogatupe ma e tatau ona toe totogiina ma fuafuaina i luga o se maliega i le va o le Malo o Samoa i Sisifo ma le Malo o Tagata Saina.

4. Faaaluina o tupe nono-So o se vaegatupe ua nonoina e le Malo e tusa ai ma lenei Tulafono, o le a faaaluina mo faamoemoega o ma e tusa ai ma feagaiga tau nogatupe ua faatagaina i inei, pe a fai e totogiina i totonu o se faaputugatupe faapitoa po o ni faamatalaga tau tupe ua filifilia e le Minisita o Tupe mo ia faamoemoe e tatau ona avea ma tupe alu faale-tulafono.

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Apia, Western Samoa: Printed under the authority of the Western
Samoa Government,by A.F. Tevaga, Government Printer-1995