✨ Local Authority Loan Interest Rates
Aug. 3.] THE NEW ZEALAND GAZETTE. 1949
borrow money, whether pursuant to a poll of ratepayers or otherwise howsoever, whether the rate of interest or the term of years of the loan was or was not specified or determined, 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 Auckland City Council is authorized to borrow the sum of seven thousand five hundred pounds for the purpose of making additions to the Council's present refuse destructor in Patteson Street:
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 five hundred pounds may be borrowed be not exceeding six per centum per annum:
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 Auckland City Council in respect of the said loan of seven thousand five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Auckland City Council is hereby authorized to borrow the said sum of seven thousand five hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Taradale Town Board in respect of a Loan of £1,075 authorized to be raised for repaying its Antecedent Liability.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of July, 1922.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS section eleven of the Finance Act, 1921, as amended by section six of the Local Bodies' Loans Amendment 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, whether the rate of interest or the term of years of the loan was or was not specified or determined, 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 Taradale Town Board has been authorized to borrow the sum of one thousand and seventy-five pounds for repaying its antecedent liability:
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 money may be borrowed be not exceeding six and a half per centum per annum:
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 Taradale Town Board in respect of the said loan of one thousand and seventy-five pounds shall be a rate not exceeding six and a half per centum per annum, and the said Taradale Town Board is hereby authorized to borrow the said sum of one thousand and seventy-five pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Whakatane Borough Council in respect of a Loan of £16,500 authorized to be raised for completing the Council's Hydro-electric Power Scheme.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of July, 1922
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS section eleven of the Finance Act, 1921, as amended by section six of the Local Bodies' Loans Amendment 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, whether the rate of interest or the term of years of the loan was or was not specified or determined, 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 Whakatane Borough Council has been authorized to borrow the sum of sixteen thousand five hundred pounds for completing the Council's hydro-electric power scheme:
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 sixteen thousand five hundred pounds may be borrowed be not exceeding six per centum per annum:
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 Whakatane Borough Council in respect of the said sixteen thousand five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Whakatane Borough Council is hereby authorized to borrow the said sum of sixteen thousand five hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Whangarei Borough Council in respect of Loans totalling £1,750 authorized to be raised for purchasing Land for Streets-improvement.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of July, 1922.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS section eleven of the Finance Act, 1921, as amended by section six of the Local Bodies' Loans Amendment 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, whether the rate of interest or the term of years of the loan was or was not specified or determined, 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 sums of four hundred pounds and thirteen hundred and fifty pounds for streets-improvement:
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 sums of four hundred pounds and thirteen hundred and fifty pounds may be borrowed be increased to not exceeding six per centum per annum:
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 loans of four hundred pounds and thirteen hundred and fifty pounds shall be a rate not exceeding six per centum per annum, and the said Whangarei Borough Council is hereby authorized to borrow the said sums of four hundred pounds and thirteen hundred and fifty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Milton Borough Council in respect of a Loan of £1,000 authorized to be raised for liquidating the Council's Antecedent Liability.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of July, 1922.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS section eleven of the Finance Act, 1921, as amended by section six of the Local Bodies' Loans Amendment 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
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1922, No 58
NZLII —
NZ Gazette 1922, No 58
✨ LLM interpretation of page content
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Prescribing interest rate for Auckland City Council loan
(continued from previous page)
💰 Finance & Revenue31 July 1922
Loan, Interest Rate, Auckland City Council, Refuse Destructor
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Taradale Town Board loan
💰 Finance & Revenue31 July 1922
Loan, Interest Rate, Taradale Town Board, Antecedent Liability
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Whakatane Borough Council loan
💰 Finance & Revenue31 July 1922
Loan, Interest Rate, Whakatane Borough Council, Hydro-electric Power Scheme
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Whangarei Borough Council loans
💰 Finance & Revenue31 July 1922
Loan, Interest Rate, Whangarei Borough Council, Streets-improvement
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Milton Borough Council loan
💰 Finance & Revenue31 July 1922
Loan, Interest Rate, Milton Borough Council, Antecedent Liability
- F. D. Thomson, Clerk of the Executive Council