Loan Interest Rate Orders




Oct. 9.

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 Avondale Borough Council has been
authorized to borrow the sum of three thousand five hundred
pounds for laying down in bitumen portions of New North
Road, Manukau Road, Station Load, Brown Street, and Great
North 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 Avondale Borough Council
in respect of the said loan of three thousand five hundred
pounds shall be a rate not exceeding six per centum per
annum, and the said Avondale Borough Council is hereby
authorized to borrow the said sum of three thousand five
hundred pounds accordingly.

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

--

Prescribing the Rate of Interest that may be paid by the Hobson
County Council in respect of a Loan of £3,500, being a Further
Portion of a Loan of £12,500, authorized to be raised for
the Purpose of forming and metalling the Dargaville-
Awakino Valley Road and the Awakino Valley-Avoca Road.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of
October, 1924.

Present:

His EXCELLENCE THE GOVERNOR-GENERAL 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 there-
after 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 Hobson County Council has been au-
thorized to borrow the sum of twelve thousand five hundred
pounds for the purpose of forming and metalling the Darga-
vile-Awakino Valley Road and the Awakino Valley-Avoca
Road, and is now desirous of raising the sum of three thousand
five hundred pounds, being a further portion of the loan of
twelve thousand five 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 Hobson County
Council in respect of the said loan of three thousand five
hundred pounds shall be a rate not exceeding six per centum
per annum, and the said Hobson County Council is hereby
authorized to borrow the said sum of three thousand five
hundred pounds accordingly.

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

--

Prescribing the Rate of Interest that may be paid by the
Eketahuna County Council in respect of a Loan of £750,
authorized to be raised for the Purpose of metalling Barton's
Line.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of
October, 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, 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 Eketahuna County Council has been
authorized to borrow the sum of seven hundred and fifty
pounds for the purpose of metalling Barton's Line:

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

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

--

Prescribing the Rate of Interest that may be paid by the
Featherston County Council in respect of a Loan of £250,
authorized to be raised for the Purpose of strengthening and
extending the Present Haurangi Telephone-line.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of
October, 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, 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 Featherston County Council has been
authorized to borrow the sum of two hundred and fifty
pounds for the purpose of strengthening and extending the
present Haurangi Telephone-line:

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 Featherston
County Council in respect of the said loan of two hundred



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1924, No 64


NZLII PDF NZ Gazette 1924, No 64





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💰 Prescribing Interest Rate for Avondale Borough Council Loan for Road Bitumen Laying (continued from previous page)

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Avondale Borough Council, Road Improvements, Bitumen
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Hobson County Council Loan for Road Construction

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Hobson County Council, Road Construction, Dargaville-Awakino Valley Road, Awakino Valley-Avoca Road
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Eketahuna County Council Loan for Road Metalling

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Eketahuna County Council, Road Metalling, Barton's Line
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Featherston County Council Loan for Telephone Line Extension

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Featherston County Council, Telephone Line, Haurangi Telephone-line
  • F. D. Thomson, Clerk of the Executive Council