Welcome to Newcastle Industrial Heritage Association Thursday, October 24 2019 @ 11:43 AM  
Home |  Contribute |  About Us |  Google map of Newcastle |  Media 2014 |  MOVIES of Steelworks |  Links |  Polls |  Forum |  Media Gallery |  My Downloads |  Site Statistics | 
Site Menu

What's New

Stories

No new stories

Forum Posts
Order: New Views Posts
Latest Forum Posts
MUSTER POINT:
 By:  aub
 On:  12/07/12 15:52 PM
 Views 32782 Replies 0
THE BHP REUNION_
 By:  aub
 On:  09/23/12 19:15 PM
 Views 35229 Replies 0
Guest Speaker
 By:  aub
 On:  04/25/12 09:05 AM
 Views 33435 Replies 0
BHP MEMORIAL FUND DO..
 By:  aub
 On:  11/11/11 09:24 AM
 Views 31436 Replies 0
Henry McKenzie
 By:  aub
 On:  08/12/11 09:56 AM
 Views 12584 Replies 0

Older Stories

Monday 13/08/18

  • The Founder of Australian Heavy Industry (0)

  • Wednesday 02/05/18

  • Two New Books (0)

  • Saturday 01/04/17

  • Delprate History (0)
  • Delprat's Cottage (0)

  • Friday 31/03/17

  • Handing over the keys (0)


  • THE END OF AN ERA IN NEWCASTLE:
    Home :: Media Gallery :: THE END OF AN ERA IN NEWCASTLE:
    Slide Show   Previous    Next
    The Floating Dock.

    The Floating Dock.
     
     

    (5) I n determining the amount to be paid by the Minister for Defence to the Minister for Public Works as aforesaid for the value of the dock account shall only be taken of the original cost to the New South Wales Government of the dock and its equipment as structures and no account shall be taken of any appreciation in the value of the dock and its equipment or any loss of profits or any other matter or thing arising out of the total loss of the dock as aforesaid. (6) For the purpose of this Agreement the term "original cost to the New South Wales Government" shall mean the total cost of the dock and its equipment as a structure not including the cost of dredging operations or of provision of barrage less the amount of the subsidy paid by the Commonwealth Government to the New South Wales Government (7) For the purposes of this clause the life of the dock shall be assumed to be forty years provided that if either party can prove to the satisfaction of the other party or failing to prove to the satisfaction of the other party can prove to the satisfaction of two arbitrators mutually agreed upon t h a t the life of the dock for the purposes of the New South Wales Government is more or less than forty years then the life so proved shall be taken for the purpose of this clause to be the life of the dock. 8. During such time as the dock is under the absolute control and management of the Minister for Defence he shall pay to the Minister for Public Works as compensation for the use of the dock— (1) Interest at the average rate fixed by the State Treasurer annually on loans raised during the period of construction on the original cost of the dock and its equipment as a structure to the New South Wales Government. (ii) An annual payment equal to the sinking fund rate for the original capital cost to the State of New South Wales of the dock and its equipment. Such sinking fund rate shall be mutually agreed upon between the parties hereto and in default of agreement shall be determined by two arbitrators (one to be appointed by each party) under the laws of the State relating to arbitration. For the purpose of this subclause the life of the dock shall be taken as forty years. 0. (1) The Minister for Defence agrees to pay to the Minister for Public Works as a contribution towards the cost of the construction and equipment of the dock in accordance with this Agreement the sum of one hundred and thirty-five thousand pounds (£135,000) and no more. (2) The said amount of one hundred and thirty-five thousand pounds (£135,000) shall be paid to the Minister for Public Works in two instalments of sixty-seven thousand five hundred pounds (£67,500) each at the following times namely—A first instalment of sixty-seven thousand five hundred pounds (£07,500) shall be paid to the Minister for Public Works upon the signing of this Agreement and the second instalment shall be paid to the Minister for Public Works upon the officer or officers appointed by the Minister for Defence in that behalf certifying that the dock has been constructed and equipped in all respects in accordance with the plans and specifications mutually agreed

      Image 11 of 16

    Sat December 19, 04:14
    Views 1414

    Uploaded By: aub  

     
    Jump to:  


    Created this page in 0.20 seconds

     Copyright © 2019 Newcastle Industrial Heritage Association
     All trademarks and copyrights on this page are owned by their respective owners.

    - Hosted and maintained by Exact IT -

    Powered By