5. Cost of buildings to be paid to University by Government with interest

    When the Senate has lodged the certificate aforesaid with the Minister for Works, the Government shall pay to the University an aggregate sum, made up as follows:

    (a) The said sum of 25,000 and interest as mentioned in section three: such interest up to the date of such lodgment to be capitalised;

    (b) The amounts up to 60,000 expended by the University in the erection of the building referred to in section four, together with interest at 5 per cent. per annum on the amounts expended on progress payments or otherwise by the University during the course and for the purposes of such erection: all such interest to be computed from the respective dates of payment by the University and to be capitalised up to the date of such lodgment.



Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.