Local Authority Loan Orders




2290
THE NEW ZEALAND GAZETTE.
[No. 64

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

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


Prescribing the Term for which the Uawa County Council may borrow the Sum of £20,000, being a Further Portion of a Loan of £104,455 authorized to be raised for Roads, Bridges, Plant, Offices, &c., and also the Rate of Interest payable thereon.

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, 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 Uawa County Council has been authorized to borrow the sum of one hundred and four thousand four hundred and fifty-five pounds for roads, bridges, plant, offices, &c., and is now desirous of raising the sum of twenty thousand pounds, being a further portion of the loan of one hundred and four thousand four hundred and fifty-five 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 term for which the money may be borrowed be twenty years, and the rate of interest payable thereon 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 term for which the Uawa County Council may borrow the sum of twenty thousand pounds shall be twenty 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 Uawa County Council is hereby authorized to borrow the said sum of twenty thousand pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Avondale Borough Council in respect of a Loan of £1,500, authorized to be raised for the Purchase of Motor-truck and Roadmaking-plant.

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, 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 Avondale Borough Council has been authorized to borrow the sum of one thousand five hundred pounds for the purchase of motor-truck and roadmaking-plant:

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 one 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 sum of one thousand five hundred pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Tauranga Borough Council in respect of a Loan of £6,000, authorized to be raised for the Purchase of Land and Erection of Abattoirs.

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, 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 Tauranga Borough Council has been authorized to borrow the sum of six thousand pounds, for the purchase of land and erection of abattoirs:

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 Tauranga Borough Council in respect of the said loan of six thousand pounds shall be a rate not exceeding six per centum per annum, and the said Tauranga Borough Council is hereby authorized to borrow the said sum of six thousand 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 £100, authorized to be raised for the Purpose of forming and metalling a Portion of Danks Road.

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, 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



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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





✨ LLM interpretation of page content

💰 Prescribing Term and Interest Rate for Uawa County Council Loan

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Term, Uawa County Council, Roads, Bridges
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Avondale Borough Council Loan

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Avondale Borough Council, Motor-truck, Roadmaking-plant
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Tauranga Borough Council Loan

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Tauranga Borough Council, Land Purchase, Abattoirs
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Hobson County Council Loan

💰 Finance & Revenue
6 October 1924
Loan, Interest Rate, Hobson County Council, Road Formation, Danks Road
  • F. D. Thomson, Clerk of the Executive Council