Local Authority Loan Orders




JUNE 19.] THE NEW ZEALAND GAZETTE. 1457

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 Ellerslie Town Board may borrow the said
sum of nineteen thousand pounds shall be thirty-six and a
half years, and the rate of interest that may be paid thereon
shall be a rate not exceeding five and three-quarters per
centum per annum, and the said Ellerslie Town Board is
hereby authorized to borrow the said sum of nineteen thousand
pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

And whereas the Hamilton Borough Council has been
authorized to borrow the sum of eleven thousand pounds
for the purpose of completing drainage-works, and is now
desirous of raising the sum of four thousand five hundred
pounds, being a portion of the loan of eleven thousand pounds:
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 Hamilton Borough Council
in respect of the said loan of four thousand five hundred
pounds shall be a rate not exceeding six per centum per
annum, and the said Hamilton Borough Council is hereby
authorized to borrow the said sum of four thousand five
hundred pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Term for which the Lower Hutt Borough Council
may borrow the Sum of £300, authorized to be raised for the
Purpose of providing the Council's Share of the Cost of con-
structing Three Bridges.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing 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, 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
the purpose of providing the Council's share of the cost of
constructing three bridges, for a term of ten 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 bor-
rowed be increased to thirty-six and a half 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 Lower Hutt Borough Council may borrow the
said sum of three hundred pounds shall be thirty-six and a
half years, and the said Lower Hutt Borough Council is
hereby authorized to borrow the said sum of three hundred
pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Hamilton
Borough Council in respect of a Loan of £4,500, being a
Portion of a Loan of £11,000, authorized to be raised for the
Purpose of completing Drainage-works.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized 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 speci-
fied or determined, and such money or any part thereof has
not been borrowed, the local authority may, with the pre-
cedent 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, as may be prescribed by the
Governor-General by Order in Council:

Prescribing the Term for which the Manaia Town Board may
borrow the Sum of £1,000, being a Portion of a Loan of £36,000
authorized to be raised for the Purpose of constructing Sewerage,
Waterworks, and Water-supply Reticulation.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing 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, as may be prescribed
by the Governor-General by Order in Council :
And whereas the Manaia Town Board has been autho-
ized to borrow the sum of thirty-six thousand pounds for
the purpose of constructing sewerage, waterworks, and
water-supply reticulation for a term of thirty-six and a half
years, and is now desirous of raising the sum of one thousand
pounds, being a portion of the loan of thirty-six thousand
pounds:
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 one thousand
pounds 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 Manaia Town Board may borrow the said sum
of one thousand pounds shall be twenty years, and the said
Manaia Town Board is hereby authorized to borrow the said
sum of one thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Hamilton
Borough Council in respect of a Loan of £29,000, being a
Further Portion of a Loan of £80,000, authorized to be raised
for the Improvement of Streets and Footpaths, Erection of
Sanitary Conveniences, &c.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1924, No 42


NZLII PDF NZ Gazette 1924, No 42





✨ LLM interpretation of page content

💰 Prescribing the Term for which the Ellerslie Town Board may borrow the Sum of £19,000, being the Balance of a Loan of £29,000, authorized to be raised for Road-improvements, and also the Rate of Interest payable thereon (continued from previous page)

💰 Finance & Revenue
9 June 1924
Loan, Road-improvements, Ellerslie Town Board, Finance Act, 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest that may be paid by the Hamilton Borough Council in respect of a Loan of £4,500, being a Portion of a Loan of £11,000, authorized to be raised for the Purpose of completing Drainage-works

💰 Finance & Revenue
9 June 1924
Loan, Drainage-works, Hamilton Borough Council, Finance Act, 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Term for which the Lower Hutt Borough Council may borrow the Sum of £300, authorized to be raised for the Purpose of providing the Council's Share of the Cost of constructing Three Bridges

💰 Finance & Revenue
9 June 1924
Loan, Bridges, Lower Hutt Borough Council, Finance Act, 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Term for which the Manaia Town Board may borrow the Sum of £1,000, being a Portion of a Loan of £36,000 authorized to be raised for the Purpose of constructing Sewerage, Waterworks, and Water-supply Reticulation

💰 Finance & Revenue
9 June 1924
Loan, Sewerage, Waterworks, Manaia Town Board, Finance Act, 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest that may be paid by the Hamilton Borough Council in respect of a Loan of £29,000, being a Further Portion of a Loan of £80,000, authorized to be raised for the Improvement of Streets and Footpaths, Erection of Sanitary Conveniences, &c.

💰 Finance & Revenue
9 June 1924
Loan, Streets, Footpaths, Hamilton Borough Council, Finance Act, 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council