Local Authority Loan Approvals




Mar. 18.] THE NEW ZEALAND GAZETTE. 695

Consenting to the Raising of a Loan of £5,000 by the Timaru Borough Council.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 9th day of March, 1921.

Present:
His Excellency the Governor-General in Council.

WHEREAS application has been made, under section twenty, subsection one, of the Finance Act, 1919, for the precedent consent of the Governor-General in Council to enable the Timaru Borough Council to borrow the sum of five thousand pounds for electric power and light purposes, and it is expedient that such consent should issue:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the raising of the loan of five thousand pounds by the Timaru Borough Council at a rate of interest not exceeding five and one-half pounds per centum per annum; and it is hereby declared that this Order in Council is made under the provisions in that behalf of the Finance Act, 1919, and shall operate accordingly as a consent of the Governor-General in Council to the raising of the loan hereby authorized.

F. D. THOMSON,
Clerk of the Executive Council

Consenting to the Raising of Loans by certain Local Authorities.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 14th day of March, 1921.

Present:
His Excellency the Governor-General in Council.

WHEREAS application has been made, under section twenty, subsection one, of the Finance Act, 1919, for the precedent consent of the Governor-General in Council to enable the several local authorities mentioned in the Schedule hereto to borrow the sums set out therein, and it is expedient that such consent should issue:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the raising of the loans hereinafter mentioned by the several local authorities set out in the Schedule hereto, provided that the rate of interest at which the loans or any of them are to be raised shall in no case produce to the lender a return exceeding five and one-half pounds per centum per annum; and it is hereby declared that this Order in Council is made under the provisions in that behalf of the Finance Act, 1919, and shall operate accordingly as a consent of the Governor-General in Council to the raising of the loans hereby authorized.

SCHEDULE.

Awatere County Council (for erecting bridge over Awatere River) .. .. .. .. £ 4,000
Awakino County Council (for acquiring the Marakopa Wharf) .. .. .. .. 45
Cambridge Borough Council (for purchase of workers’ dwellings) .. .. .. .. 800
Dargaville Borough Council (for extension of gas-mains) .. .. .. .. 100
Inglewood County Council (for grading and metalling) .. .. .. .. 550
Matamata County Council (for erecting workers’ dwellings) .. .. .. .. 3,000
Wairoa County Council (for metalling Ruakituri Valley Road) .. .. .. .. 5,500

F. D. THOMSON,
Clerk of the Executive Council.

Consenting to the Raising of Loans by certain Local Authorities.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 14th day of March, 1921.

Present:
His Excellency the Governor-General in Council.

WHEREAS application has been made under section twenty, subsection one, of the Finance Act, 1919, for the precedent consent of the Governor-General in Council to enable the several local authorities mentioned in the Schedule hereto to borrow the sums set out therein, and it is expedient that such consent should issue:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the raising of the loans hereinafter mentioned by the several local authorities set out in the Schedule hereto, provided that the rate of interest at which the loans or any of them are to be raised shall in no case produce to the lender a return exceeding five and one-half pounds per centum per annum; and it is hereby declared that this Order in Council is made under the provisions in that behalf of the Finance Act, 1919, and shall operate accordingly as a consent of the Governor-General in Council to the raising of the loans hereby authorized.

SCHEDULE.

Taihape Borough Council (for road-making plant, water-gravitation, water-supply and sewerage, electric light) .. .. .. .. £ 65,000
Whangarei High School Board (for purchase of a new site) .. .. .. .. 2,000
Taranaki County Council (for forming and metalling Cross Road) .. .. .. .. 500
Taranaki County Council (for forming and metalling Plymouth–Koru Road) .. .. .. .. 500
Taranaki County Council (for forming and metalling Saunders Road) .. .. .. .. 500
Taranaki County Council (for forming and metalling Tate Road) .. .. .. .. 400
Taranaki County Council (for forming and metalling Hempton Road) .. .. .. .. 150
Clutha County Council (for purchasing a workers’ dwelling) .. .. .. .. 480

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest to be paid by the Christchurch City Council in respect of the Balance (£7,600) of a Loan of £16,000 for the Purpose of purchasing a Property to be used for Municipal Purposes.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 14th day of March, 1921.

Present:
His Excellency the Governor-General in Council.

WHEREAS section thirty-three of the Finance Act, 1920, provides that, notwithstanding anything to the contrary in any Act or in any rule of law, where a local authority or public body has been authorized before the passing of the said Act or is thereafter authorized to borrow money, whether pursuant to a poll of ratepayers or otherwise howsoever, at a specified rate of interest, and such money or any part thereof has not been borrowed, the local authority may with the precedent consent of the Minister of Finance, borrow such money, or such part thereof as has not been borrowed, at such rate of interest as may be prescribed by the Governor-General in Council:

And whereas the Christchurch City Council has been authorized to borrow the sum of sixteen thousand pounds at five and one-quarter per centum, and seven thousand six hundred pounds has not been borrowed: And whereas the Minister of Finance has given his precedent consent as required by the above-recited section thirty-three, and it is desired that the rate of interest at which the money may be borrowed be increased to five and a half per centum:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby prescribe that the rate of interest that may be paid by the Christchurch City Council in respect of the seven thousand six hundred pounds not borrowed shall be five and a half per centum, and the said Christchurch City Council is hereby authorized to borrow the sum of seven thousand six hundred pounds at the rate of interest prescribed.

F. D. THOMSON,
Clerk of the Executive Council.

Declaring that the Provisions of Section 109 of the Native Land Amendment Act, 1913, shall apply to a certain Block of Native Land.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 14th day of March, 1921.

Present:
His Excellency the Governor-General in Council.

WHEREAS by section twenty-three of the West Coast Settlement Reserves Amendment Act, 1913, it is enacted that the Governor-General may by Order in Council



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1921, No 27


NZLII PDF NZ Gazette 1921, No 27





✨ LLM interpretation of page content

💰 Consenting to the Raising of a Loan of £5,000 by the Timaru Borough Council

💰 Finance & Revenue
9 March 1921
Loan, Timaru Borough Council, Electric power and light
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Consenting to the Raising of Loans by certain Local Authorities

💰 Finance & Revenue
14 March 1921
Loans, Local authorities, Infrastructure, Housing
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Consenting to the Raising of Loans by certain Local Authorities

💰 Finance & Revenue
14 March 1921
Loans, Local authorities, Infrastructure, Housing, Education
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Prescribing the Rate of Interest to be paid by the Christchurch City Council

💰 Finance & Revenue
14 March 1921
Interest rate, Loan, Christchurch City Council, Municipal purposes
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

🪶 Declaring that the Provisions of Section 109 of the Native Land Amendment Act, 1913, shall apply to a certain Block of Native Land

🪶 Māori Affairs
14 March 1921
Native Land, West Coast Settlement Reserves, Order in Council
  • JELLICOE, Governor-General