Local Authority Loan Interest Rates




2734
THE NEW ZEALAND GAZETTE.
[No. 73

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 Wairarapa South County Council has been authorized to borrow the sum of six 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 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 Wairarapa South County Council in respect of the said loan of six thousand pounds shall be at a rate not exceeding six and a half per centum per annum, and the said Wairarapa South 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 Tauranga County Council in respect of a Loan of £3,272 authorized to be raised for liquidating its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 9th day of October, 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 Tauranga County Council has been authorized to borrow the sum of three thousand two hundred and seventy-two pounds for liquidating 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 Tauranga County Council in respect of the said loan of three thousand two hundred and seventy-two pounds shall be a rate not exceeding six and a half per centum per annum, and the said Tauranga County Council is hereby authorized to borrow the said sum of three thousand two hundred and seventy-two pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Petone Borough Council in respect of a Loan of £2,720 authorized to be raised for repaying the Motor Service Loan.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 9th day of October, 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 Petone Borough Council has been authorized to borrow the sum of two thousand seven hundred and twenty pounds for repaying the Motor Service Loan:

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 Petone Borough Council in respect of the said loan of two thousand seven hundred and twenty pounds shall be a rate not exceeding six per centum per annum, and the said Petone Borough Council is hereby authorized to borrow the said sum of two thousand seven hundred and twenty pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Akito County Council in respect of a Loan of £2,840 authorized to be raised for liquidating its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 9th day of October, 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 Akito County Council has been authorized to borrow the sum of two thousand eight hundred and forty pounds for the purpose of liquidating 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 Akito County Council in respect of the said loan of two thousand eight hundred and forty pounds shall be a rate not exceeding six per centum per annum, and the said Akito County Council is hereby authorized to borrow the said sum of two thousand eight hundred and forty pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Woodville Borough Council in respect of a Loan of £530 authorized to be raised for paying the Council’s Contribution to the Manawatu Gorge Board of Control.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 9th day of October, 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 any-



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1922, No 73


NZLII PDF NZ Gazette 1922, No 73





✨ LLM interpretation of page content

💰 Prescribing Interest Rate for Wairarapa South County Council Loan (continued from previous page)

💰 Finance & Revenue
9 October 1922
Loan, Interest Rate, Wairarapa South County Council, Antecedent Liability, Finance Act
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Tauranga County Council Loan

💰 Finance & Revenue
9 October 1922
Loan, Interest Rate, Tauranga County Council, Antecedent Liability, Finance Act
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Petone Borough Council Loan

💰 Finance & Revenue
9 October 1922
Loan, Interest Rate, Petone Borough Council, Motor Service Loan, Finance Act
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Akito County Council Loan

💰 Finance & Revenue
9 October 1922
Loan, Interest Rate, Akito County Council, Antecedent Liability, Finance Act
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Woodville Borough Council Loan

💰 Finance & Revenue
9 October 1922
Loan, Interest Rate, Woodville Borough Council, Manawatu Gorge Board of Control, Finance Act
  • F. D. Thomson, Clerk of the Executive Council