Local Authority Loan Interest Rates




1726
THE NEW ZEALAND GAZETTE.
[No. 49

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

F. D. THOMSON,
Clerk of the Executive Council


Prescribing the Rate of Interest that may be paid by the Raglan Town Board in respect of a Loan of £500, authorized to be raised for the Development of the Papahua Domain, the Erection of a Bathing-enclosure, and beautifying Town Reserves.


JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 21st day of July, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921, and its amendments it is provided 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, as may be prescribed by the Governor-General by Order in Council:

And whereas the Raglan Town Board has been authorized to borrow the sum of five hundred pounds for the development of the Papahua Domain, the erection of a bathing-enclosure, and beautifying town reserves:

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 Raglan Town Board in respect of the said loan of five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Raglan Town Board is hereby authorized to borrow the said sum of five hundred pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council


Prescribing the Rate of Interest that may be paid by the Raglan Town Board in respect of a Loan of £2,500, authorized to be raised for the Purpose of erecting a Bridge over the Opotoru Creek.


JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 21st day of July, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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, as may be prescribed by the Governor-General by Order in Council:

And whereas the Raglan Town Board has been authorized to borrow the sum of two thousand five hundred pounds for the purpose of erecting a bridge over the Opotoru Creek:

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 Raglan Town Board in respect of the said loan of two thousand five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Raglan Town Board is hereby authorized to borrow the said sum of two thousand five hundred pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Inglewood County Council in respect of a Loan of £8,000, being a Further Portion of a Loan of £24,800 authorized to be raised for Improvement of Main Roads.


JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 21st day of July, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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, as may be prescribed by the Governor-General by Order in Council:

And whereas the Inglewood County Council has been authorized to borrow the sum of twenty-four thousand eight hundred pounds for improvement of main roads, and is now desirous of raising the sum of eight thousand pounds, being a further portion of the loan of twenty-four thousand eight hundred 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 Inglewood County Council in respect of the said loan of eight thousand pounds shall be a rate not exceeding six per centum per annum, and the said Inglewood County Council is hereby authorized to borrow the said sum of eight thousand pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Waitomo County Council in respect of a Loan of £3,800, authorized to be raised for the Purpose of providing the Council’s Proportion of the Cost of establishing a Hospital at Te Kuiti.


JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 21st day of July, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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, as may be prescribed by the Governor-General by Order in Council:



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1924, No 49


NZLII PDF NZ Gazette 1924, No 49





✨ LLM interpretation of page content

💰 Prescribing Interest Rate for Rotorua Borough Council Loan (continued from previous page)

💰 Finance & Revenue
21 July 1924
Interest rate, Loan, Rotorua Borough Council, Streets, Footpaths, Storm-water Drainage, Plant
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Raglan Town Board Loan for Papahua Domain Development

💰 Finance & Revenue
21 July 1924
Interest rate, Loan, Raglan Town Board, Papahua Domain, Bathing-enclosure, Town Reserves
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Raglan Town Board Loan for Opotoru Creek Bridge

💰 Finance & Revenue
21 July 1924
Interest rate, Loan, Raglan Town Board, Bridge, Opotoru Creek
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Inglewood County Council Loan for Road Improvements

💰 Finance & Revenue
21 July 1924
Interest rate, Loan, Inglewood County Council, Main Roads
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Waitomo County Council Loan for Hospital Establishment

💰 Finance & Revenue
21 July 1924
Interest rate, Loan, Waitomo County Council, Hospital, Te Kuiti
  • F. D. Thomson, Clerk of the Executive Council