✨ Local Authority Loan Interest Rates
Aug. 25.] THE NEW ZEALAND GAZETTE. 2187
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 Lower Hutt Borough Council has been authorized to borrow the sum of sixty-four thousand pounds for a gasworks undertaking, and is desirous of borrowing the money 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, and it is desired that the rate of interest at which the said sixty-four thousand pounds may be borrowed be increased to not exceeding seven 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 Lower Hutt Borough Council in respect of the said sixty-four thousand pounds shall be a rate not exceeding seven per centum, and the said Lower Hutt Borough Council is hereby authorized to borrow the sum of sixty-four thousand pounds beyond New Zealand accordingly.
J. W. BLACK,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest to be paid by the Whangarei Borough Council in respect of £3,500, being the Balance of a Loan of £7,000 authorized to be raised for Private Street Construction.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd 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 Borough Council has been authorized to borrow the sum of seven thousand pounds for private street construction, and is now desirous of borrowing the sum of three thousand five hundred pounds, being the balance of seven thousand pounds, 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, and it is desired that the rate of interest at which the said three thousand five hundred pounds may be borrowed be increased to not exceeding six 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 Whangarei Borough Council in respect of the said three thousand five hundred pounds shall be a rate not exceeding six and a half per centum, and the said Whangarei Borough Council is hereby authorized to borrow the said sum of three thousand five hundred pounds accordingly.
J. W. BLACK,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest to be paid by the Waiapu County Council in respect of a Loan of £6,500, authorized to be raised for the Purchase of Machinery for Roadmaking and Repairing Purposes.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd 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 Waiapu County Council has been authorized to borrow the sum of six thousand five hundred pounds for the purchase of machinery for roadmaking purposes, but has been 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 six thousand five hundred 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 Waiapu County Council in respect of the said loan of six thousand five hundred pounds shall be a rate not exceeding six per centum, and the said Waiapu County Council is hereby authorized to borrow the said sum of six thousand five hundred pounds accordingly.
J. W. BLACK,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Omaka Road Board in respect of a Loan of £1,000, authorized to be raised for redeeming Debentures.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd 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 Omaka Road Board has been authorized to borrow the sum of one thousand pounds for the purpose of redeeming debentures, 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 one thousand pounds may be borrowed be increased to not exceeding five and three-quarters 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 Omaka Road Board in respect of the said one thousand pounds shall be a rate not exceeding five and three-quarters per centum, and the said Omaka Road Board is hereby authorized to borrow the sum of one thousand pounds accordingly.
J. W. BLACK,
Acting Clerk of the Executive Council.
Prescribing the Term for which the Blenheim Borough Council may borrow £26,000 beyond New Zealand for Gasworks Extension, Hospital Purposes, and repaying Temporary Overdraft, and also the Rate of Interest payable thereon.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd 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
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1921, No 78
NZLII —
NZ Gazette 1921, No 78
✨ LLM interpretation of page content
💰
Prescribing the Rate of Interest for Lower Hutt Borough Council Loan
(continued from previous page)
💰 Finance & Revenue22 August 1921
Loan, Interest Rate, Lower Hutt Borough Council, Gasworks Undertaking, Finance Act 1921
- J. W. Black, Acting Clerk of the Executive Council
💰 Prescribing the Rate of Interest for Whangarei Borough Council Loan
💰 Finance & Revenue22 August 1921
Loan, Interest Rate, Whangarei Borough Council, Private Street Construction, Finance Act 1921
- J. W. Black, Acting Clerk of the Executive Council
💰 Prescribing the Rate of Interest for Waiapu County Council Loan
💰 Finance & Revenue22 August 1921
Loan, Interest Rate, Waiapu County Council, Roadmaking Machinery, Finance Act 1921
- J. W. Black, Acting Clerk of the Executive Council
💰 Prescribing the Rate of Interest for Omaka Road Board Loan
💰 Finance & Revenue22 August 1921
Loan, Interest Rate, Omaka Road Board, Debentures, Finance Act 1921
- J. W. Black, Acting Clerk of the Executive Council
💰 Prescribing the Term and Rate of Interest for Blenheim Borough Council Loan
💰 Finance & Revenue22 August 1921
Loan, Interest Rate, Term, Blenheim Borough Council, Gasworks Extension, Hospital Purposes, Finance Act 1921
- J. W. Black, Acting Clerk of the Executive Council