Local Authority Loan Orders




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 deter-
mined, and such money or any part thereof has not been
borrowed, the local authority may, with the precedent con-
sent 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 Glen Eden Town Board has been autho-
rized to borrow the sum of one thousand pounds for the
purchase of a site and a public hall, for a term of thirty-six
and a half years, without any rate of interest being specified:
And whereas the Minister of Finance has given his prece-
dent consent as required by the above-recited section eleven,
and it is desired that the term for which the money may be
borrowed be twenty years, and the rate of interest payable
thereon 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
term for which the Glen Eden Town Board may borrow the
said sum of one thousand pounds shall be twenty years, and
the rate of interest payable thereon shall be a rate not exceeding
six per centum per annum, and the said Glen Eden Town
Board is hereby authorized to borrow the said sum of one
thousand pounds on these terms.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Mackenzie County Council
may borrow the Sum of £550 authorized to be raised for
the Erection of Telephone-lines to Lilybank, Mount Gerald,
and Richmond Stations, and also the Rate of Interest payable
thereon.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of April, 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 any-
thing 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 Mackenzie County Council has been
authorized to borrow the sum of five hundred and fifty pounds
for the erection of telephone-lines to Lilybank, Mount Gerald,
and Richmond Stations:
And whereas the Minister of Finance has given his prece-
dent consent as required by the above-recited section eleven,
and it is desired that the term for which the said loan of
five hundred and fifty pounds may be borrowed be twenty
years, and the rate of interest payable thereon 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
term for which the Mackenzie County Council may borrow
the said sum of five hundred and fifty pounds shall be twenty
years, and the rate of interest that may be paid shall be a
rate not exceeding six per centum per annum, and the said
Mackenzie County Council is hereby authorized to borrow
the said sum of five hundred and fifty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Raglan
County Council in respect of £4,000 authorized to be raised
for completing the Metalling of the Road from Raglan to
Whatatawhata.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of April, 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 any-
thing 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 Raglan County Council has been autho-
rized to borrow the sum of four thousand pounds for com-
pleting the metalling of the road from Raglan to Whata-
whata:
And whereas the Minister of Finance has given his prece-
dent 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 Raglan County Council in
respect of the said loan of four thousand pounds shall be a
rate not exceeding six per centum per annum, and the said
Raglan County Council is hereby authorized to borrow the
said sum of four thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Hamil-
ton Borough Council in respect of a Loan of £10,000 autho-
rized to be raised for Waterworks.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of April, 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 any-
thing 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 Hamilton Borough Council has been
authorized to borrow the sum of ten thousand pounds for
waterworks:
And whereas the Minister of Finance has given his prece-
dent 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 five and three-quarters
per centum per annumm:
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



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1923, No 34


NZLII PDF NZ Gazette 1923, No 34





✨ LLM interpretation of page content

💰 Prescribing Terms for Glen Eden Town Board Loan (continued from previous page)

💰 Finance & Revenue
9 April 1923
Glen Eden Town Board, Loan, Site Purchase, Public Hall, Interest Rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Terms for Mackenzie County Council Loan

💰 Finance & Revenue
9 April 1923
Mackenzie County Council, Loan, Telephone-lines, Lilybank, Mount Gerald, Richmond Stations, Interest Rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Raglan County Council Loan

💰 Finance & Revenue
9 April 1923
Raglan County Council, Loan, Road Metalling, Raglan to Whatatawhata, Interest Rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Hamilton Borough Council Loan

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