✨ Local Authority Loan Interest Rates
Feb. 14.] THE NEW ZEALAND GAZETTE. 499
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 Inglewood Borough Council has been authorized to borrow the sum of six thousand pounds for streets-improvements and purchasing 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 Inglewood 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 Inglewood 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 Morrinsville Borough Council in respect of a Loan of £1,000, authorized to be raised for advancing to Property-owners a Portion of the Cost of connecting their Premises with the Sewerage System.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 1st day of February, 1924.
Present :
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING 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 Morrinsville Borough Council has been authorized to borrow the sum of one thousand pounds for advancing to property-owners a portion of the cost of connecting their premises with the sewerage 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 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 Morrinsville Borough Council in respect of the said loan of one thousand pounds shall be a rate not exceeding six per centum per annum, and the said Morrinsville Borough Council is hereby authorized to borrow the said sum of one thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Ohakune Borough Council in respect of a Loan of £1,500, authorized to be raised for Municipal Buildings and Library.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House, at Wellington, this 6th day of February, 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 Ohakune Borough Council has been authorized to borrow the sum of one thousand five hundred pounds for municipal buildings and library ;
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 Ohakune 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 Ohakune Borough Council is hereby authorized to borrow the said 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 Taihape Borough Council in respect of a Loan of £1,000, authorized to be raised for acquiring and equipping a Motor Fire-engine with Appliances.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 1st day of February, 1924.
Present :
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING 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 Taihape Borough Council has been authorized to borrow the sum of one thousand pounds for acquiring and equipping a motor fire-engine with appliances :
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
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Prescribing Rate of Interest for Inglewood Borough Council Loan for Streets-improvements and Plant
(continued from previous page)
💰 Finance & Revenue6 February 1924
Order in Council, Loan, Streets-improvements, Plant, Inglewood Borough Council
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing Rate of Interest for Morrinsville Borough Council Loan for Sewerage System
💰 Finance & Revenue1 February 1924
Order in Council, Loan, Sewerage System, Morrinsville Borough Council
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing Rate of Interest for Ohakune Borough Council Loan for Municipal Buildings and Library
💰 Finance & Revenue6 February 1924
Order in Council, Loan, Municipal Buildings, Library, Ohakune Borough Council
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing Rate of Interest for Taihape Borough Council Loan for Motor Fire-engine
💰 Finance & Revenue1 February 1924
Order in Council, Loan, Motor Fire-engine, Taihape Borough Council
- F. D. Thomson, Clerk of the Executive Council
NZ Gazette 1924, No 9