Loan Interest Rate Orders




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 Wairoa Electric-
power Board in respect of the said loan of five thousand
pounds shall be a rate not exceeding six per centum, and the
said Wairoa Electric-power Board is hereby authorized to
borrow the said sum of five thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the
Wanganui-Rangitikei Electric-power Board in respect of a
Loan of £100,000, being a Further Portion of a Loan of
£375,000 authorized to be raised for Electric Works.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of
May, 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Wanganui-Rangitikei Electric-power
Board has been authorized to borrow the sum of three
hundred and seventy-five thousand pounds for electric works,
and is now desirous of raising the sum of one hundred thousand
pounds, being a further portion of the loan of three hundred
and seventy-five thousand 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 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 Wanganui-Rangitikei
Electric-power Board in respect of the said loan of one
hundred thousand pounds shall be a rate not exceeding five
and three-quarters per centum per annum, and the said
Wanganui-Rangitikei Electric-power Board is hereby autho-
rized to borrow the said sum of one hundred thousand pounds
accordingly.

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

Prescribing the Rate of Interest that may be paid by the Piako
County Council in respect of a Loan of £2,100, authorized to
be raised for metalling Portion of the Waiorongomai-
Maungakawa Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 4th day of
May, 1925.
Present:

THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Piako County Council has been authorized
to borrow the sum of two thousand one hundred pounds for
metalling portion of the Waiorongomai-Maungakawa Road:

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 Piako County Council in
respect of the said loan of two thousand one hundred pounds
shall be a rate not exceeding six per centum per annum, and
the said Piako County Council is hereby authorized to borrow
the said sum of two thousand one hundred pounds accord-
ingly.

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

Prescribing the Rate of Interest that may be paid by the Henderson
Town Board in respect of a Loan of £10,700, authorized to be
raised for the Provision of a Water-supply.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 4th day of
May, 1925.
Present:

THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Henderson Town Board has been autho-
rized to borrow the sum of ten thousand seven hundred pounds
for the provision of a water-supply:

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 prescribe that the rate of
interest that may be paid by the Henderson Town Board
in respect of the said loan of ten thousand seven hundred
pounds shall be a rate not exceeding six per centum per annum,
and the said Henderson Town Board is hereby authorized to
borrow the said sum of ten thousand seven hundred pounds
accordingly.

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

Prescribing the Rate of Interest that may be paid by the Southland
Electric-power Board in respect of a Loan of £150,000,
authorized to be raised for the Completion of Electric Works.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 4th day
of May, 1925.
Present:

THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 autho-
rized before the passing of the said Act, or is thereafter autho-



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1925, No 38


NZLII PDF NZ Gazette 1925, No 38





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💰 Prescribing Interest Rate for Wairoa Electric-power Board Loan (continued from previous page)

💰 Finance & Revenue
18 May 1925
Loan, Interest Rate, Wairoa Electric-power Board, Finance
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Wanganui-Rangitikei Electric-power Board Loan

💰 Finance & Revenue
18 May 1925
Loan, Interest Rate, Wanganui-Rangitikei Electric-power Board, Finance
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Piako County Council Loan

💰 Finance & Revenue
4 May 1925
Loan, Interest Rate, Piako County Council, Road Metalling
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Henderson Town Board Loan

💰 Finance & Revenue
4 May 1925
Loan, Interest Rate, Henderson Town Board, Water-supply
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Southland Electric-power Board Loan

💰 Finance & Revenue
4 May 1925
Loan, Interest Rate, Southland Electric-power Board, Electric Works
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council