New Zealand Gazette – 1856 – No. 26

Page 174

✨ Text of Legislation



174

DIEU ET MON DROIT

NEW ZEALAND DEBENTURE ACT,
1856.

IN THE TWENTIETH YEAR OF THE REIGN OF HER MAJESTY QUEEN
VICTORIA.

SESSION 4, No. 14.

ANALYSIS.

Title.
Preamble.

  1. Governor may borrow not exceeding£100,000
    on debentures.
  2. Debentures to be in the form set forth in the
    Schedule.
  3. To bear interest not exceeding £10 per cent.
    per annum. Coupons may be appended.
  4. Principal and interest charged on revenue
    from Customs, &c.
  5. No priority amongst debenture holders.
  6. Principal sums payable not sooner than
    the 1st day of July, 1858, or later than 1st
    day of July, 1861.
  7. Interest to cease to be payable after day fixed
    for payment of principal.
  8. Governor to cause Debentures to be sold
    for best prices to be obtained for same.
  9. Interpretation of the word "Governor."
  10. Short title.
    Schedule.

Title.
AN ACT to enable the Governor of New Zealand to raise a Loan not exceeding
£100,000 by the issue of Debentures.
(Assented to 29th July, 1856.)

Preamble.
WHEREAS it is expedient to raise a temporary Loan for the
Public Service of the Colony of New Zealand:.

BE IT THEREFORE ENACTED by the General Assembly
of New Zealand as follows:

  1. It shall be lawful for the Governor of New Zealand to
    borrow any sum or sums of money, not exceeding in the whole
    the sum of £100,000; and to take up the same on debentures
    from time to time as he may deem expedient.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 1856, No 26




✨ LLM interpretation of page content

🏛️ New Zealand Debenture Act, 1856, authorizing a loan not exceeding £100,000.

🏛️ Governance & Central Administration
29 July 1856
Legislation, Debenture Act, Public Loan, Governor, General Assembly
  • Governor of New Zealand
  • General Assembly of New Zealand