✨ Dairy Industry Loan Regulations
JULY 5.] THE NEW ZEALAND GAZETTE. 1297
Regulations under “The Dairy Industry Act, 1898.”—
Notice No. 592.
RANFURLY, Governor.
ORDER IN COUNCIL.
At the Government House, at Wellington, this twenty-ninth day of June, 1900.
Present:
His Excellency the Governor in Council.
IN pursuance and exercise of the powers and authority vested in him in and by “The Dairy Industry Act, 1898,” and of all other powers and authorities enabling him in this behalf, His Excellency the Governor of the Colony of New Zealand, by and with the advice and consent of the Executive Council of the said colony, doth hereby make the regulation set forth in the Schedule hereto, for the purpose of prescribing tables according to which instalments of principal and interest on loans granted under the said Act shall be calculated and paid, and doth hereby declare that such regulation shall come into force and take effect on the date of the publication thereof in the New Zealand Gazette.
SCHEDULE.
REGULATION.
“The Dairy Industry Act, 1898,” Section 41.
Every instalment of loan (according to the term of mortgage respectively) shall be calculated and paid according to the tables hereunder set forth, namely,—
7 Years’ Loan of £100 at 5%, repayable by Equal Half-yearly Instalments of £8 11s. 1d. apportioned as follows:—
| Half-year. | Prescribed Half-yearly Instalment. | APportioned thus: | Balance of Principal owing. | |
|---|---|---|---|---|
| £ s. d. | On Account of Interest. | On Account of Principal. | £ s. d. | |
| 1st ... | 8 11 1 | 2 10 0 | 6 1 1 | 93 18 11 |
| 2nd ... | 8 11 1 | 2 7 0 | 6 4 1 | 87 14 10 |
| 3rd ... | 8 11 1 | 2 3 11 | 6 7 2 | 81 7 8 |
| 4th ... | 8 11 1 | 2 0 8 | 6 10 5 | 74 17 3 |
| 5th ... | 8 11 1 | 1 17 6 | 6 13 7 | 68 3 8 |
| 6th ... | 8 11 1 | 1 14 1 | 6 17 0 | 61 6 8 |
| 7th ... | 8 11 1 | 1 10 8 | 7 0 5 | 54 6 3 |
| 8th ... | 8 11 1 | 1 7 2 | 7 3 11 | 47 2 4 |
| 9th ... | 8 11 1 | 1 3 7 | 7 7 6 | 39 14 10 |
| 10th ... | 8 11 1 | 0 19 10 | 7 11 3 | 32 3 7 |
| 11th ... | 8 11 1 | 0 16 1 | 7 15 0 | 24 8 7 |
| 12th ... | 8 11 1 | 0 12 3 | 7 18 10 | 16 9 9 |
| 13th ... | 8 11 1 | 0 8 3 | 8 2 10 | 8 6 11 |
| 14th ... | 8 11 1 | 0 4 2 | 8 6 11 | ... |
10 Years’ Loan of £100 at 5%, repayable by Equal Half-yearly Instalments of £6 8s. 4d. apportioned as follows:—
| Half-year. | Prescribed Half-yearly Instalment. | APportioned thus: | Balance of Principal owing. | |
|---|---|---|---|---|
| £ s. d. | On Account of Interest. | On Account of Principal. | £ s. d. | |
| 1st ... | 6 8 4 | 2 10 0 | 3 18 4 | 96 1 8 |
| 2nd ... | 6 8 4 | 2 8 2 | 4 0 2 | 92 1 6 |
| 3rd ... | 6 8 4 | 2 6 1 | 4 2 3 | 87 19 3 |
| 4th ... | 6 8 4 | 2 4 1 | 4 4 3 | 83 15 0 |
| 5th ... | 6 8 4 | 2 1 11 | 4 6 5 | 79 8 7 |
| 6th ... | 6 8 4 | 1 19 9 | 4 8 7 | 75 0 0 |
| 7th ... | 6 8 4 | 1 17 7 | 4 10 9 | 70 9 3 |
| 8th ... | 6 8 4 | 1 15 3 | 4 13 1 | 65 16 2 |
| 9th ... | 6 8 4 | 1 12 11 | 4 15 5 | 61 0 9 |
| 10th ... | 6 8 4 | 1 10 7 | 4 17 9 | 56 3 0 |
| 11th ... | 6 8 4 | 1 8 1 | 5 0 3 | 51 2 9 |
| 12th ... | 6 8 4 | 1 5 7 | 5 2 9 | 46 0 0 |
| 13th ... | 6 8 4 | 1 3 1 | 5 5 3 | 40 14 9 |
| 14th ... | 6 8 4 | 1 0 5 | 5 7 11 | 35 6 10 |
| 15th ... | 6 8 4 | 0 17 8 | 5 10 8 | 29 16 2 |
| 16th ... | 6 8 4 | 0 14 11 | 5 13 5 | 24 2 9 |
| 17th ... | 6 8 4 | 0 12 1 | 5 16 3 | 18 6 6 |
| 18th ... | 6 8 4 | 0 9 2 | 5 19 2 | 12 7 4 |
| 19th ... | 6 8 4 | 0 6 2 | 6 2 2 | 6 5 2 |
| 20th ... | 6 8 4 | 0 3 2 | 6 5 2 | ... |
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NZ Gazette 1900, No 58
✨ LLM interpretation of page content
🌾 Regulations for loan repayments under the Dairy Industry Act, 1898
🌾 Primary Industries & Resources29 June 1900
Dairy Industry Act 1898, Loan Repayments, Interest, Principal, Tables
- Ranfurly, Governor