Local Authority Loan Interest Rates




2828
THE NEW ZEALAND GAZETTE.
[No. 79

And whereas the Lower Hutt Borough Council has been authorized to borrow the sum of two thousand seven hundred pounds for the renewal of the recreation-ground loan:

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 Lower Hutt Borough 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 Lower Hutt Borough Council is hereby authorized to borrow the said sum of two thousand seven hundred pounds accordingly.

C. A. JEFFERY,
Acting 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 £17,800, authorized to be raised for the Liquidation of its Antecedent Liability.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House, at Wellington, this 24th day of November, 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 Waitomo County Council has been authorized to borrow the sum of seventeen thousand eight hundred pounds for the liquidation of its antecedent liability:

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

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest that may be paid by the Rodney County Council in respect of a Loan of £1,000, authorized to be raised for the Purpose of reconstructing Roads, Culverts, and Bridges.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 24th day of November, 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 Rodney County Council has been authorized to borrow the sum of one thousand pounds for the purpose of reconstructing roads, culverts, and bridges:

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 Rodney County Council in respect of the said loan of one thousand pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Rodney County Council is hereby authorized to borrow the said sum of one thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest that may be paid by the Rodney County Council in respect of a Loan of £3,000, authorized to be raised for the Purpose of forming and metalling Roads in the Albert Riding.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 24th day of November, 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 Rodney County Council has been authorized to borrow the sum of three thousand pounds for the purpose of forming and metalling roads in the Albert Riding:

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 Rodney County Council in respect of the said loan of three thousand pounds shall be at a rate not exceeding five and three-quarters per centum per annum, and the said Rodney County Council is hereby authorized to borrow the said sum of three thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.


Prescribing the Rate of Interest that may be paid by the Te Aroha Borough Council in respect of a Loan of £12,000, authorized to be raised for the Improvement of Streets and the Erection of Ladies’ Rest-room.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 24th day of November, 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-



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1924, No 79


NZLII PDF NZ Gazette 1924, No 79





✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Lower Hutt Borough Council Loan (continued from previous page)

💰 Finance & Revenue
24 November 1924
Loan, Interest Rate, Lower Hutt Borough Council, Finance Act 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Waitomo County Council Loan

💰 Finance & Revenue
24 November 1924
Loan, Interest Rate, Waitomo County Council, Finance Act 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Rodney County Council Loan (Road Reconstruction)

💰 Finance & Revenue
24 November 1924
Loan, Interest Rate, Rodney County Council, Road Reconstruction, Finance Act 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Rodney County Council Loan (Albert Riding Roads)

💰 Finance & Revenue
24 November 1924
Loan, Interest Rate, Rodney County Council, Albert Riding, Road Construction, Finance Act 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Te Aroha Borough Council Loan

💰 Finance & Revenue
24 November 1924
Loan, Interest Rate, Te Aroha Borough Council, Street Improvement, Ladies’ Rest-room, Finance Act 1921
  • C. A. Jeffery, Acting Clerk of the Executive Council