Local Government Loan Orders




Mär. 22.] THE NEW ZEALAND GAZETTE. 791

erecting a footbridge over the Omaka River for a term of thirty-six and a half years:
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 term for which the money may be borrowed be reduced to twenty years:
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 term for which the Blenheim Borough Council may borrow the said loan of one thousand pounds shall be twenty years, and the said Blenheim Borough Council is hereby authorized to borrow the said sum of one thousand 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 a Loan of £5,860 for Waterworks Extension.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day of March, 1923.
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 Whangarei Borough Council has been authorized to borrow the sum of five thousand eight hundred and sixty pounds for waterworks extension:
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 Whangarei Borough Council in respect of the said loan of five thousand eight hundred and sixty 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 sum of five thousand eight hundred and sixty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Wairarapa Electric-power Board in respect of a Loan of £50,000 authorized to be raised for financing Intending Consumers and purchasing Stock, &c.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day of March, 1923.
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:
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 Electric-power Board has been authorized to borrow the sum of fifty thousand pounds for financing intending consumers and purchasing stock, &c.:
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 Wairarapa Electric-power Board in respect of the said loan of fifty thousand pounds shall be a rate not exceeding six per centum per annum, and the said Wairarapa Electric-power Board is hereby authorized to borrow the said sum of fifty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Blenheim Borough Council may borrow the Sum of £22,000 for furthering the Waterworks Undertaking.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day of March, 1923.
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 Blenheim Borough Council has been authorized to borrow the sum of twenty-two thousand pounds for furthering the waterworks undertaking for a term of thirty-six and a half years:
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 term for which the money may be borrowed be reduced to twenty years:
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 term for which the Blenheim Borough Council may borrow the said loan of twenty-two thousand pounds shall be twenty years, and the said Blenheim Borough Council is hereby authorized to borrow the said sum of twenty-two thousand 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 a Loan of £25,750 authorized to be raised for Street Works.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day of March, 1923.
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,



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1923, No 25


NZLII PDF NZ Gazette 1923, No 25





✨ LLM interpretation of page content

💰 Prescribing term for Blenheim Borough Council loan for footbridge (continued from previous page)

💰 Finance & Revenue
9 March 1923
Blenheim Borough Council, Loan, Footbridge, Omaka River, Term
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing interest rate for Whangarei Borough Council waterworks loan

💰 Finance & Revenue
9 March 1923
Whangarei Borough Council, Loan, Waterworks, Interest Rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing interest rate for Wairarapa Electric-power Board loan

💰 Finance & Revenue
9 March 1923
Wairarapa Electric-power Board, Loan, Interest Rate, Financing Consumers
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing term for Blenheim Borough Council waterworks loan

💰 Finance & Revenue
9 March 1923
Blenheim Borough Council, Loan, Waterworks, Term
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing interest rate for Whangarei Borough Council street works loan

💰 Finance & Revenue
9 March 1923
Whangarei Borough Council, Loan, Street Works, Interest Rate
  • F. D. Thomson, Clerk of the Executive Council