Orders in Council - Loan Interest Rates




Aug. 18.] THE NEW ZEALAND GAZETTE. 2151

and consent of the Executive Council of the said Dominion, doth hereby prescribe that the rate of interest that may be paid by the Masterton Borough Council in respect of the loan of three thousand two hundred pounds shall be a rate not exceeding six per centum, and the said Masterton Borough Council is hereby authorized to borrow the sum of three thousand two hundred pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest to be paid by the Manukau County Council in respect of a Loan of £1,250 authorized to be raised for metalling a Portion of Redoubt Road.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of August, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, 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, or for a specified term exceeding ten years, 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 amount thereof as has not been borrowed, at such rate of interest, or for such term not less than ten years, as may be prescribed by the Governor-General by Order in Council :

And whereas the Manukau County Council has been authorized to borrow the sum of one thousand two hundred and fifty pounds for the purpose of metalling a portion of Redoubt Road at five and one-half per centum, and is unable to obtain the money at this rate :

And whereas the Minister of Finance has given his precedent consent as required by the above-recited section eleven, and it is desired that the rate of interest at which the said one thousand two hundred and fifty pounds may be borrowed be increased to six 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 Manukau County Council in respect of the said one thousand two hundred and fifty pounds shall be a rate not exceeding six per centum, and the said Manukau County Council is hereby authorized to borrow the said sum of one thousand two hundred and fifty pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest to be paid by the Waipa County Council in respect of £7,000, being the Balance of a Loan of £12,000 to be raised for the Purpose of procuring the necessary Plant for Road-making.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of August, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, 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, or for a specified term exceeding ten years, 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 amount thereof as has not been borrowed, at such rate of interest, or for such term not less than ten years, as may be prescribed by the Governor-General by Order in Council :

And whereas the Waipa County Council has been authorized to borrow the sum of twelve thousand pounds for the purpose of procuring necessary plant for road-making, of which sum seven thousand pounds has not been borrowed :

And whereas the Minister of Finance has given his precedent consent as required by the above-recited section eleven, and it is desired that the rate of interest at which the said seven thousand pounds may be borrowed be increased to not exceeding six 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 Waipa County Council in respect of the said seven thousand pounds shall be at a rate not exceeding six per centum, and the said Waipa County Council is hereby authorized to borrow the sum of seven thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest to be paid by the Manukau County Council in respect of a Loan of £7,000 authorized to be raised for providing a Water-supply at Mangere Crossing.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of August, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, 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, or for a specified term exceeding ten years, 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 amount thereof as has not been borrowed, at such rate of interest, or for such term not less than ten years, as may be prescribed by the Governor-General by Order in Council :

And whereas the Manukau County Council has been authorized to borrow the sum of seven thousand pounds for the purpose of providing a water-supply at Mangere Crossing, and is unable to obtain the money :

And whereas the Minister of Finance has given his precedent consent as required by the above-recited section eleven, and it is desired that the rate of interest at which the said seven thousand pounds may be borrowed be increased to six 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 Manukau County Council in respect of the said seven thousand pounds shall be a rate not exceeding six per centum, and the said Manukau County Council is hereby authorized to borrow the sum of seven thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest that may be paid by the Whangarei Harbour Board in respect of £100,000 to be borrowed beyond New Zealand, being the Balance of a Loan of £120,000 proposed to be raised for Harbour Improvements.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of August, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, 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, or for a specified term exceeding ten years, 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 amount thereof as has not been borrowed, at such rate of interest, or for such term not less than ten years, as may be prescribed by the Governor-General by Order in Council :

And whereas the Whangarei Harbour Board has been authorized to borrow the sum of one hundred and twenty thousand pounds for harbour improvements at five and a half per centum, and is now desirous of borrowing one hundred thousand pounds, being the balance of the said one hundred and twenty thousand pounds, beyond New Zealand at an increased rate of interest :

And whereas the Minister of Finance has given his precedent consent as required by the above-recited section eleven,



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1921, No 77


NZLII PDF NZ Gazette 1921, No 77





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💰 Prescribing the Rate of Interest to be paid by the Masterton Borough Council (continued from previous page)

💰 Finance & Revenue
15 August 1921
Loan, Interest Rate, Masterton Borough Council, Drainage-extension Works
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest to be paid by the Manukau County Council for Redoubt Road

💰 Finance & Revenue
15 August 1921
Loan, Interest Rate, Manukau County Council, Redoubt Road, Metalling
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest to be paid by the Waipa County Council for Road-making Plant

💰 Finance & Revenue
15 August 1921
Loan, Interest Rate, Waipa County Council, Road-making Plant
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest to be paid by the Manukau County Council for Water-supply

💰 Finance & Revenue
15 August 1921
Loan, Interest Rate, Manukau County Council, Water-supply, Mangere Crossing
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest to be paid by the Whangarei Harbour Board

💰 Finance & Revenue
15 August 1921
Loan, Interest Rate, Whangarei Harbour Board, Harbour Improvements
  • C. A. Jeffery, Acting Clerk of the Executive Council