Local Authority Loan Interest Rates




Feb. 19.] THE NEW ZEALAND GAZETTE. 565

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 speci-
fied 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 Waitemata County Council has been
authorized to borrow the sum of seven hundred and fifty
pounds for restoring damage caused by floods to the breast-
work, roadway, and bridges on the waterfront at Huia :

And whereas the Minister of Finance has given his pre-
cedent 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 Waitemata 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 Waitemata 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 Hobson
County Council in respect of a Loan of £1,600, being the
Balance of a Loan of £2,600 authorized to be raised for form-
ing Roads and Footpaths in the Kopuru Roads Special-rating
Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 16th day of
February, 1925.

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 Hobson County Council has been authorized
to borrow the sum of two thousand six hundred pounds for
forming roads and footpaths in the Kopuru Roads Special-
rating Area, and is now desirous of raising the sum of one
thousand six hundred pounds, being the balance of the loan
of two thousand six 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 one thousand six 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 one thousand six hundred pounds
accordingly.

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

C

Prescribing the Rate of Interest that may be paid by the Tau-
marunui Borough Council in respect of a Loan of £5,500,
to be raised for the Purpose of constructing and equipping
Municipal Abattoirs.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL

At the Government House at Wellington, this 16th day of
February, 1925.

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 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 Taumarunui Borough Council has been
authorized to borrow the sum of five thousand five hundred
pounds for the purpose of constructing and equipping
municipal abattoirs :

And whereas the Minister of Finance has given his pre-
cedent 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 Taumarunui Borough
Council in respect of the said loan of five thousand five
hundred pounds shall be a rate not exceeding six per centum
per annum, and the said Taumarunui Borough Council is
hereby authorized to borrow the said sum of five thousand
five hundred pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the
Sumner Borough Council in respect of a Loan of £1,000,
authorized to be raised for the Purchase and Improvement of
St. Leonard’s Square as a Recreation-ground.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 16th day of
February, 1925.

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 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 Sumner Borough Council has been autho-
rized to borrow the sum of one thousand pounds for the
purchase and improvement of St. Leonard’s Square as a
recreation-ground :

And whereas the Minister of Finance has given his pre-
cedent 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



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1925, No 12


NZLII PDF NZ Gazette 1925, No 12





✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Waitemata County Council Loan for Huia Waterfront Repairs (continued from previous page)

💰 Finance & Revenue
16 February 1925
Loan, Interest rate, Waitemata County Council, Huia Waterfront, Flood damage
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Hobson County Council Loan for Kopuru Roads

💰 Finance & Revenue
16 February 1925
Loan, Interest rate, Hobson County Council, Kopuru Roads, Road construction
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Taumarunui Borough Council Loan for Municipal Abattoirs

💰 Finance & Revenue
16 February 1925
Loan, Interest rate, Taumarunui Borough Council, Municipal abattoirs, Construction
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Sumner Borough Council Loan for St. Leonard’s Square

💰 Finance & Revenue
16 February 1925
Loan, Interest rate, Sumner Borough Council, St. Leonard’s Square, Recreation-ground
  • F. D. Thomson, Clerk of the Executive Council