✨ Loan Consents and Validations
2154
THE NEW ZEALAND GAZETTE.
[No. 77
to enable the 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.
Wharepapa Road Board (for metalling roads for the first time)
Wairoa County Council (for deviation of Napier-Wairoa Road)
Woodlands Drainage Board (for drainage-works)
Buller County Council (for renovating and repairing the Millerton Drill Hall)
Piako County Council (for completing the metalling of Elstow Roads)
Lower Mangapiko Drainage Board (for completing certain drainage-works)
Taranaki County Council (for completing, forming, and metalling of Plymouth Road)
C. A. JEFFERY.
Acting Clerk of the Executive Council.
Consenting to the Raising of £25,000 by the Southland County Council by way of Temporary Loan.
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 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 Southland County Council to borrow the sum of twenty-five thousand pounds by way of temporary loan, 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 sum of twenty-five thousand pounds by the Southland County Council by way of temporary loan at a rate of interest not exceeding six 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.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
State Guarantee of a Loan of £350,000 applied for by the Thames Valley Electric-power Board for the Purpose of purchasing and constructing Electric Works.
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 the Thames Valley Electric-power Board has, pursuant to section seventy-four of the Local Bodies' Loans Act, 1913, made application to the Minister of Finance for a State guarantee of a loan of three hundred and fifty thousand pounds for the purpose of purchasing and constructing electric works:
And whereas the Minister of Finance is satisfied that a special rate has been made sufficient to pay the interest, sinking fund, and other charges payable in respect of the said loan, and that the said Thames Valley Electric-power Board is duly empowered to raise such a loan, and has taken all the necessary steps to obtain the same as required by section seventy-nine of the said Act: And whereas it appears expedient to grant the said application:
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, and in pursuance and exercise of the powers and authorities vested in him by the Local Bodies' Loans Act, 1913, doth hereby guarantee the said loan, subject to the provisions of Part IV of the Local Bodies' Loans Act, 1913, and the amendments thereof.
C. A. JEFFERY,
Acting Clerk of the Executive Council
Validating Proceedings in connection with a Loan of £1,000 to be raised by the Uawa County Council.
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 the Uawa County Council, acting under and in pursuance of section sixteen of the Local Bodies' Loans Act, 1913, lately proposed to raise a loan of one thousand pounds for the purpose of erecting a bridge over the Mangaheia Stream:
And whereas section seventeen of the said Act requires the special roll to be deposited not less than seven days before any steps are taken under section sixteen of the said Act:
And whereas the special roll was not deposited until the eighteenth day of May, one thousand nine hundred and twenty-one, while the written consent of the ratepayers is dated the fifth day of February, one thousand nine hundred and twenty-one:
And whereas it appears that the ratepayers have not been misled by the said irregularity or defect, and it is expedient to validate same:
Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, in pursuance and exercise of the powers and authorities conferred on him by section one hundred and eleven of the Local Bodies' Loans Act, 1913, and acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby order and declare that the proceedings taken shall be valid to all intents and purposes as if the provisions of section seventeen of the Local Bodies' Loans Act, 1913, had been correctly complied with, and that the validity of the proceedings in connection with the said loan shall not be called into question by reason only of the irregularity or defect aforesaid.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Validating Proceedings in connection with a Loan of £3,000 proposed to be raised by the Matamata County Council.
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 the Matamata County Council, acting under and in pursuance of section sixteen of the Local Bodies' Loans Act, 1913, lately proposed to raise a loan of three thousand pounds for the purpose of erecting workers' dwellings:
And whereas the special order authorizing the raising of the said loan is irregular, in so far that public notification of the time and place fixed for the confirmation of the said special order was given four times, but such notification did not comply with the provisions of section ninety-nine of the Counties Act, 1920, which provides that notification shall be given once in each of the four weeks immediately preceding the day on which the subsequent meeting was held, no notice appearing within the week immediately preceding the eighth day of July, one thousand nine hundred and twenty-one:
And whereas it appears that the ratepayers have not been misled by the said irregularity, and it is expedient to validate the same:
Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, in pursuance and exercise of the powers and authorities conferred on him by section one hundred and eleven of the Local Bodies' Loans Act, 1913, and acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby order and declare that the proceedings taken to raise the said loan shall be valid to all intents and purposes as though
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1921, No 77
NZLII —
NZ Gazette 1921, No 77
✨ LLM interpretation of page content
💰
Consenting to the Raising of Loans by Local Authorities
(continued from previous page)
💰 Finance & Revenue15 August 1921
Loan, Consent, Local Authorities, Road Board, County Council, Drainage Board
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Consenting to the Raising of £25,000 by the Southland County Council by way of Temporary Loan
💰 Finance & Revenue15 August 1921
Loan, Consent, Temporary Loan, Southland County Council
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 State Guarantee of a Loan of £350,000 applied for by the Thames Valley Electric-power Board
💰 Finance & Revenue15 August 1921
Loan, State Guarantee, Electric Works, Thames Valley Electric-power Board
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Validating Proceedings in connection with a Loan of £1,000 to be raised by the Uawa County Council
💰 Finance & Revenue15 August 1921
Loan, Validation, Uawa County Council, Bridge Construction
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Validating Proceedings in connection with a Loan of £3,000 proposed to be raised by the Matamata County Council
💰 Finance & Revenue15 August 1921
Loan, Validation, Matamata County Council, Workers' Dwellings
- C. A. Jeffery, Acting Clerk of the Executive Council