Local Authority Loan Orders




96 THE NEW ZEALAND GAZETTE. [No. 2

And whereas the Northcote Borough Council has been authorized to borrow the sum of two thousand one hundred pounds for the purpose of providing a recreation reserve:

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

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

Prescribing the Rate of Interest that may be paid by the Featherston Borough Council in respect of a Loan of £1,200, authorized to be raised for rebuilding Bridges over Donald's Creek and over Abbott's Creek.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington this 12th day of January, 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, 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 Featherston Borough Council has been authorized to borrow the sum of one thousand two hundred pounds for rebuilding bridges over Donald's Creek and over Abbott's Creek:

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 Borough Council in respect of the said loan of one thousand two hundred pounds shall be a rate not exceeding six per centum per annum, and the said Featherston Borough Council is hereby authorized to borrow the said sum of one thousand two hundred pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Thames Borough Council in respect of a Loan of £13,000, being a Further Portion of a Loan of £70,350 authorized to be raised for Street-improvements.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 12th day of January, 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, 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 Thames Borough Council has been authorized to borrow the sum of seventy thousand three hundred and fifty pounds for street-improvements, and is now desirous of raising the sum of thirteen thousand pounds, being a further portion of the loan of seventy thousand three hundred and fifty 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 Thames Borough Council in respect of the said loan of thirteen thousand pounds shall be a rate not exceeding six per centum per annum, and the said Thames Borough Council is hereby authorized to borrow the said sum of thirteen thousand pounds accordingly.

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

Prescribing the Term for which the Wairoa Borough Council may borrow the Sum of £240, authorized to be raised for paying the Council's Proportion of the Cost of constructing the Awatere Bridge, and also the Rate of Interest payable thereon.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 12th day of January, 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, 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 Wairoa Borough Council has been authorized to borrow the sum of two hundred and forty pounds for paying the Council's proportion of the cost of constructing the Awatere Bridge:

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 thirty-six and a half years, and the rate of interest payable thereon 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 term for which the Wairoa Borough Council may borrow the said sum of two hundred and forty pounds shall be thirty-six and a half years, and the rate of interest that may be paid thereon shall be a rate not exceeding six per centum per annum, and the said Wairoa Borough Council is hereby authorized to borrow the said sum of two hundred and forty pounds accordingly.

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



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1925, No 2


NZLII PDF NZ Gazette 1925, No 2





✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Northcote Borough Council Loan for Recreation Reserve (continued from previous page)

💰 Finance & Revenue
12 January 1925
Loan, Interest Rate, Northcote Borough Council, Recreation Reserve
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Featherston Borough Council Loan for Rebuilding Bridges

💰 Finance & Revenue
12 January 1925
Loan, Interest Rate, Featherston Borough Council, Bridges, Donald's Creek, Abbott's Creek
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Thames Borough Council Loan for Street-improvements

💰 Finance & Revenue
12 January 1925
Loan, Interest Rate, Thames Borough Council, Street-improvements
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Term and Rate of Interest for Wairoa Borough Council Loan for Awatere Bridge

💰 Finance & Revenue
12 January 1925
Loan, Interest Rate, Term, Wairoa Borough Council, Awatere Bridge
  • F. D. Thomson, Clerk of the Executive Council