Local Government Loan Orders




Aug. 31.] THE NEW ZEALAND GAZETTE. 2329

Prescribing the Rate of Interest that may be paid by the Riverton Borough Council in respect of a Loan of £600 for repaying its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of August, 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 Riverton Borough Council is authorized to borrow the sum of six hundred 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 percent 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 Riverton Borough Council in respect of the said loan of six hundred pounds shall be a rate not exceeding six and a half per centum per annum, and the said Riverton Borough Council is hereby authorized to borrow the said sum of six hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Waitotara County Council in respect of a Loan of £8,570 for repaying its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of August, 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 Waitotara County Council is authorized to borrow the sum of eight thousand five hundred and seventy 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 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 Waitotara County Council in respect of the said loan of eight thousand five hundred and seventy pounds shall be a rate not exceeding six per centum per annum, and the said Waitotara County Council is hereby authorized to borrow the said sum of eight thousand five hundred and seventy pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Kaikoura County Council in respect of a Loan of £3,000 for reducing its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of August, 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 Kaikoura County Council is authorized to borrow the sum of three thousand pounds for reducing 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 Kaikoura County Council in respect of the said loan of three thousand pounds shall be a rate not exceeding six and a half per centum per annum, and the said Kaikoura County Council is hereby authorized to borrow the said sum of three thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Te Aroha Borough Council in respect of a Loan of £7,000 authorized to be raised for extinguishing its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th day of August, 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 Te Aroha Borough Council has been authorized to borrow the sum of seven thousand pounds for extinguishing 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 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 Te Aroha Borough Council in respect of the said loan of seven thousand pounds shall be a rate not exceeding six per centum per annum, and the said Te Aroha Borough Council is hereby authorized to borrow the said sum of seven thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.



Next Page →



Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1922, No 65


NZLII PDF NZ Gazette 1922, No 65





✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Riverton Borough Council Loan

💰 Finance & Revenue
28 August 1922
Interest rate, Loan, Riverton Borough Council, Antecedent Liability
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Waitotara County Council Loan

💰 Finance & Revenue
28 August 1922
Interest rate, Loan, Waitotara County Council, Antecedent Liability
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Kaikoura County Council Loan

💰 Finance & Revenue
28 August 1922
Interest rate, Loan, Kaikoura County Council, Antecedent Liability
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Te Aroha Borough Council Loan

💰 Finance & Revenue
28 August 1922
Interest rate, Loan, Te Aroha Borough Council, Antecedent Liability
  • JELLICOE, Governor-General
  • F. D. THOMSON, Clerk of the Executive Council