Local Bodies' Loans Regulations




APRIL 30. THE NEW ZEALAND GAZETTE. 1577

per annum: And whereas the State Advances Superintendent is unable to advance such
loan [or part of such loan]—namely, £ —at the said rate of interest, but can advance
the same at the rate of £ per centum per annum: Now, in pursuance and exercise of the
powers vested in it in that behalf by the Local Bodies’ Loans Act, 1913, the [Name of local
authority] hereby resolves that for the purpose of providing moneys sufficient to cover the
increased payments in respect of such loan [or such part of such loan]—namely, £ —
the said [Name of local authority] hereby makes and levies a special rate of [State amount]
in the pound upon the rateable value of all rateable property of the [Name of district or
special-rating area], comprising [Name the district—e.g., the whole of the County of ;
or, in the case of a special-rating area, name the ward, riding, or other statutory subdivision com-
prising the same; or, if not such a subdivision, describe by its boundaries, and state the numbers
of the sections and block comprising the same, and name of survey district. If the special-rating
area has no specific name, refer to it as “special-rating area”]; and that such special rate
shall be an annual-recurring rate during the currency of such [or such part of such] loan, and
be payable half-yearly on the day of and the day of [or
yearly on the day of ] in each and every year during the currency of such
[or such part of such] loan, being a period of [State number] years, or until such [or such part
of such] loan is fully paid off.

STATE GUARANTEE FOR LOANS.

  1. A local authority proposing to obtain the State guarantee under Part IV of the said Act
    shall make its preliminary application in the form No. 8 in the Second Schedule hereto. In the
    case of a joint loan each of the uniting local authorities shall make a separate application.

  2. The final application for the State guarantee shall be in the form No. 9 in the Second Schedule
    hereto, or to the like effect, and shall be verified by a statutory declaration in the form No. 10 in the
    said Schedule.

MERGER OF RATING-AREA.

  1. (1.) Where the whole of any area over which a special rate has been made as security for a
    loan is merged within the district of a local authority other than the local authority that made the rate,
    such last-mentioned authority shall immediately give notice in the form No. A in the Third Schedule
    hereto to the local authority in whose district such area has been so merged, and also to the
    Minister of Finance.

(2.) Where special rates have been made as aforesaid in respect of two or more loans separate
notices shall be given in respect of each such loan.

  1. (1.) Where part only of any such special-rating area is merged as aforesaid, the local authority
    that raised the loan may forward to the Minister of Finance an application in writing for an appor-
    tionment of the interest and other charges payable in respect of that loan, and may set forth in its applica-
    tion the apportionment which it suggests should be made.

(2.) Where special rates have been made over the said area in respect of two or more loans separate
applications shall be made in respect of each such loan.

(3.) The local authority that raised the loan shall immediately serve on the local authority in
whose district part of the special-rating area has been merged a copy of every such application.

(4.) Every application for an apportionment of interest and other charges as aforesaid shall be
in the form No. B in the Third Schedule hereto.

(5.) There shall be annexed to every application under this regulation and, to the copy thereof
a plan of the whole area over which a special rate has been levied, and such plan shall distinguish
between the merged area and the area not so merged.

  1. (1.) If the local authority in whose district part of the special-rating area has been merged
    objects to the proposed apportionment it shall, within two months after the receipt by it of the copy
    aforesaid, forward written notice setting forth the grounds of its objection to the Minister of Finance,
    and shall, within the said period, serve on the local authority applying for an apportionment a copy
    of its objection.

(2.) On the expiration of the said period of two months the Chairman of the local authority apply-
ing for the apportionment shall make and sign a statutory declaration in the form No. C or the form
No. D (as the case may require) in the Third Schedule hereto, and shall forward the same to the
Minister of Finance.

  1. (1.) Upon the receipt of such declaration the Minister shall cause to be transmitted to the
    Governor the application for apportionment, the objections (if any) made to the suggested apportion-
    ment, and the statutory declaration made under the last preceding regulation.

(2.) The Governor may thereupon make such apportionment as he thinks fit, pursuant to the
provisions of subsection (4) of section 73 of the said Act.

  1. The foregoing clauses of these regulations relating to the merger of rating-areas apply only to
    loans granted under Part II of the Local Bodies’ Loans Act, 1908, or the corresponding provisions of
    any former Act, or under the New Zealand State-guaranteed Advances Act, 1909, or under Part III
    of the Local Bodies’ Loans Act, 1913.

  2. Where any document is directed by these regulations to be served on or given to a local
    authority it shall be sufficient if such notice is sent to or delivered at the office of such local authority,
    addressed to the Clerk or other principal officer thereof.



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VUW Te Waharoa PDF NZ Gazette 1914, No 43


NZLII PDF NZ Gazette 1914, No 43





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💰 Regulations under the Local Bodies’ Loans Act, 1913 (continued from previous page)

💰 Finance & Revenue
24 April 1914
Local Bodies, Loans, Regulations, Special Roll, Ratepayers' Consent