Loan Authorizations and Validations




Aug. 21.] THE NEW ZEALAND GAZETTE. 2031

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 Otorohanga County Council in respect of the said loan of one hundred pounds shall be a rate not exceeding six per centum per annum, and the said Otorohanga County Council is hereby authorized to borrow the said sum of one hundred pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Franklin County Council in respect of a Loan of £400, authorized to be raised for the Purpose of metalling Barriball Road.


JELLICOE, Governor-General.

ORDER IN COUNCIL:

At the Government House at Wellington, this 18th day of August, 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 Franklin County Council has been authorized to borrow the sum of four hundred pounds for the purpose of metalling Barriball Road:

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 Franklin County Council in respect of the said loan of four hundred pounds shall be a rate not exceeding six per centum per annum, and the said Franklin County Council is hereby authorized to borrow the said sum of four hundred pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Franklin County Council in respect of a Loan of £2,700, authorized to be raised for completing the Construction of Main Roads.


JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 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 Franklin County Council has been authorized to borrow the sum of twenty-seven thousand pounds for the purpose of constructing main roads, and is now desirous of borrowing an additional sum of two thousand seven hundred pounds under the authority of section eighteen of the Local Bodies’ Loans Act, 1913, for the purpose of completing the construction of main roads:

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

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


Validating the Proceedings in connection with a Loan of £4,000, proposed to be raised by the Council of the County of Eltham.


JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Eltham County Council, acting under and in pursuance of paragraph (e) of section sixteen of the Local Bodies’ Loans Act, 1913, proposes to raise a loan of four thousand pounds for the purpose of forming and metalling roads in the Omona Riding:

And whereas the ratepayers’ consent given under paragraph (e) of section sixteen aforesaid is irregular in that subscribing ratepayers have attested the signatures of the other subscribers thereto:

And whereas it appears that the ratepayers have not been misled by the said irregularity or defect, and it is expedient to validate the same:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, in pursuance and exercise of the powers and authorities conferred on him by section one hundred and eleven of the Local Bodies’ Loans Act, 1913, and acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby order and declare that the ratepayers’ consent to the raising of the said loan shall be valid to all intents and purposes as though the same had been properly witnessed, and that the validity of the proceedings in connection with the said loan shall not be called into question by reason only of the irregularity or defect aforesaid.

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


Validating the Proceedings in connection with a Loan of £4,000, proposed to be raised by the Council of the County of Eltham.


JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 1924.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Eltham County Council, acting under and in pursuance of paragraph (e) of section sixteen of the Local Bodies’ Loans Act, 1913, proposes to raise a loan of four thousand pounds for the purpose of forming and metalling the Tirimoana Road:

And whereas the ratepayers’ consent given under paragraph (e) of section sixteen aforesaid is irregular in that subscribing ratepayers have attested the signatures of the other subscribers thereto:

And whereas it appears that the ratepayers have not been misled by the said irregularity or defect, and it is expedient to validate the same:

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, in pursuance and exercise of the powers and authorities conferred on him by section one



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1924, No 57


NZLII PDF NZ Gazette 1924, No 57





✨ LLM interpretation of page content

💰 Prescribing Interest Rate for Otorohanga County Council Loan (Drainage Works) (continued from previous page)

💰 Finance & Revenue
18 August 1924
Loan authorization, Otorohanga County Council, Drainage works, Interest rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Franklin County Council Loan (Barriball Road)

💰 Finance & Revenue
18 August 1924
Loan authorization, Franklin County Council, Barriball Road, Interest rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Franklin County Council Loan (Main Roads)

💰 Finance & Revenue
18 August 1924
Loan authorization, Franklin County Council, Main roads, Interest rate
  • F. D. Thomson, Clerk of the Executive Council

💰 Validating Loan Proceedings for Eltham County Council (Omona Riding Roads)

💰 Finance & Revenue
18 August 1924
Loan validation, Eltham County Council, Omona Riding, Roads
  • F. D. Thomson, Clerk of the Executive Council

💰 Validating Loan Proceedings for Eltham County Council (Tirimoana Road)

💰 Finance & Revenue
18 August 1924
Loan validation, Eltham County Council, Tirimoana Road
  • F. D. Thomson, Clerk of the Executive Council