✨ Local Authority Loan Interest Rates
2660
THE NEW ZEALAND GAZETTE.
[No. 71
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 Vincent County Council has been authorized to borrow the sum of five thousand three hundred and
sixty-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 per centum
per annum:
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance and exercise of
the power and authority vested in him as aforesaid, and
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 Vincent County
Council in respect of the said loan of five thousand three
hundred and sixty-five pounds shall be a rate not exceeding
six per centum per annum, and the said Vincent County
Council is hereby authorized to borrow the said sum of five
thousand three hundred and sixty-five pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Opotiki County Council in respect of a Loan of £6,000
authorized to be raised for repaying its Antecedent Liability.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 1922.
Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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 Opotiki County Council has been authorized to borrow the sum of six thousand 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, in pursuance and exercise of the power and authority vested in him as aforesaid, and 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 Opotiki County Council in respect of the said loan of six thousand pounds shall be a rate not exceeding six per centum per annum, and the said Opotiki County Council is hereby authorized to borrow the said sum of six thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Lower
Hutt Borough Council in respect of a Loan of £300 authorized
to be raised for paying the Council's Share of the Cost of
constructing Three Bridges.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 1922.
Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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
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 Lower Hutt Borough Council has been authorized to borrow the sum of three hundred pounds for paying its share of the cost of constructing three bridges:
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 loan of three hundred 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, in pursuance and exercise of the power and authority vested in him as aforesaid, and 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 loan of three hundred pounds shall be a rate not exceeding six per centum per annum, and the said Lower Hutt Borough Council is hereby authorized to borrow the said sum of three hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Manurewa Town Board in respect of a Loan of £660
authorized to be raised for paying off its Antecendent Liability.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 1922.
Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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 Manurewa Town Board has been authorized to borrow the sum of six hundred and sixty pounds for paying off 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, in pursuance and exercise of the power and authority vested in him as aforesaid, and 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 Manurewa Town Board in respect of the said loan of six hundred and sixty pounds shall be a rate not exceeding six and a half per centum per annum, and the said Manurewa Town Board is hereby authorized to borrow the said sum of six hundred and sixty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Hawke's Bay Rivers Board in respect of a Loan of £1,580
authorized to be raised for paying off Unpaid Purchase-money on Land.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 1922.
Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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:
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1922, No 71
NZLII —
NZ Gazette 1922, No 71
✨ LLM interpretation of page content
💰
Prescribing interest rate for Vincent County Council loan
(continued from previous page)
💰 Finance & Revenue26 September 1922
Vincent County Council, Loan, Interest rate, Antecedent liability
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Opotiki County Council loan
💰 Finance & Revenue26 September 1922
Opotiki County Council, Loan, Interest rate, Antecedent liability
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Lower Hutt Borough Council loan
💰 Finance & Revenue26 September 1922
Lower Hutt Borough Council, Loan, Interest rate, Bridges
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Manurewa Town Board loan
💰 Finance & Revenue26 September 1922
Manurewa Town Board, Loan, Interest rate, Antecedent liability
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing interest rate for Hawke's Bay Rivers Board loan
💰 Finance & Revenue26 September 1922
Hawke's Bay Rivers Board, Loan, Interest rate, Land purchase
- F. D. Thomson, Clerk of the Executive Council