✨ Local Authority Loan Orders
SEPT. 25.] THE NEW ZEALAND GAZETTE. 2221
Prescribing the Rate of Interest that may be paid by the Whangarei Borough Council in respect of a Loan of £3,800 authorized to be raised for the Purpose of extending and altering the Sewer System.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of September, 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 Whangarei Borough Council has been authorized to borrow the sum of three thousand eight hundred pounds for the purpose of extending and altering the sewer system:
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 five and three-quarters 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 three thousand eight hundred pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Whangarei Borough Council is hereby authorized to borrow the said sum of three thousand eight hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council
Prescribing the Rate of Interest that may be paid by the Nelson Hospital Board in respect of a Loan of £27,000, authorized to be raised for the Purpose of erecting a New Hospital.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of September, 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 Nelson Hospital Board has been authorized to borrow the sum of twenty-seven thousand pounds for the purpose of erecting a new hospital:
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 Nelson Hospital Board in respect of the said loan of twenty-seven thousand pounds shall be a rate not exceeding six per centum per annum, and the said Nelson Hospital Board is hereby authorized to borrow the said sum of twenty-seven thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Validating the Proceedings in connection with a Loan of £150 authorized to be raised by the Council of the County of Masterton.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of September, 1924.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Masterton 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 one hundred and fifty pounds for the purpose of forming and metalling Holdsworth Road:
And whereas section seventeen of the said Act requires the special roll to be deposited not less than seven days before any steps are taken under the aforesaid section sixteen (e):
And whereas the special roll of the ratepayers was not deposited not less than seven days before the written consent of the ratepayers was obtained:
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 proceedings taken to raise the said loan shall be valid to all intents and purposes as though the provisions of section seventeen had been properly complied with, 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 £1,500 authorized to be raised by the Council of the County of Akito.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of September, 1924.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Akito 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 one thousand five hundred pounds for the purpose of metalling the Kaituna Road:
And whereas section seventeen of the said Act requires the special roll to be deposited not less than seven days before any steps are taken under the aforesaid section sixteen (e):
And whereas the special roll of the ratepayers was not deposited not less than seven days before the written consent of the ratepayers was obtained:
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 proceedings taken to raise the said loan shall be valid to all intents and purposes as though the provisions of section seventeen had been properly complied with, 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.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1924, No 62
NZLII —
NZ Gazette 1924, No 62
✨ LLM interpretation of page content
💰 Prescribing Interest Rate for Whangarei Borough Council Loan
💰 Finance & Revenue22 September 1924
Loan, Interest Rate, Whangarei Borough Council, Sewer System
- JELLICOE, Governor-General
- F. D. THOMSON, Clerk of the Executive Council
💰 Prescribing Interest Rate for Nelson Hospital Board Loan
💰 Finance & Revenue22 September 1924
Loan, Interest Rate, Nelson Hospital Board, New Hospital
- JELLICOE, Governor-General
- F. D. THOMSON, Clerk of the Executive Council
💰 Validating Loan Proceedings for Masterton County Council
💰 Finance & Revenue22 September 1924
Loan, Validation, Masterton County Council, Holdsworth Road
- JELLICOE, Governor-General
- F. D. THOMSON, Clerk of the Executive Council
💰 Validating Loan Proceedings for Akito County Council
💰 Finance & Revenue22 September 1924
Loan, Validation, Akito County Council, Kaituna Road
- JELLICOE, Governor-General
- F. D. THOMSON, Clerk of the Executive Council