Loan Interest Rate Orders




May 21.] THE NEW ZEALAND GAZETTE. 1549

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 Southland Electric-power Board has been
authorized to borrow the sum of one hundred and fifty
thousand pounds for the completion of electric works:
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 Southland
Electric-power Board in respect of the said loan of one hundred
and fifty thousand pounds shall be a rate not exceeding six per
centum per annum, and the said Southland Electric-power
Board is hereby authorized to borrow the said sum of one
hundred and fifty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Tauranga
County Council in respect of a Loan of £5,000, authorized
to be raised for 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, 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 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 Tauranga County Council has been authorized
to borrow the sum of five thousand pounds for 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 hereby prescribe that the
rate of interest that may be paid by the Tauranga County
Council in respect of the said loan of five thousand pounds
shall be a rate not exceeding six per centum per annum, and
the said Tauranga County Council 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 Cheviot
County Council in respect of a Loan of £2,000, authorized to
be raised for the Purpose of erecting a Doctor's Residence.
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, 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,
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 Cheviot County Council has been authorized
to borrow the sum of two thousand pounds for the purpose of erecting a doctor's residence:
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 Cheviot County
Council in respect of the said loan of two thousand pounds
shall be a rate not exceeding six per centum per annum, and
the said Cheviot County Council is hereby authorized to
borrow the said sum of two thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Cambridge
Borough Council in respect of a Loan of £550, authorized to
be raised for the Purpose of paying the Council's Proportion
of the Cost of the High-level Bridge Footways.
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, 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 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 Cambridge Borough Council has been authorized
to borrow the sum of five hundred and fifty pounds for the purpose of paying the Council's proportion of the cost
of the high-level bridge footways:
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 Cambridge Borough Council
in respect of the said loan of five hundred and fifty pounds
shall be a rate not exceeding six per centum per annum, and
the said Cambridge Borough Council is hereby authorized to
borrow the said sum of five hundred and fifty pounds ac-
cordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Taranaki County Council in respect of a Loan of £4,000,
authorized to be raised for the Purposes of constructing Bridges
in the Mangorei Riding and metalling the Lower Mangorei
Road.
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,



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VUW Te Waharoa PDF NZ Gazette 1925, No 38


NZLII PDF NZ Gazette 1925, No 38





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💰 Prescribing Interest Rate for Southland Electric-power Board Loan

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

💰 Prescribing Interest Rate for Tauranga County Council Loan

💰 Finance & Revenue
4 May 1925
Loan, Interest Rate, Tauranga County Council, Water-supply
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Cheviot County Council Loan

💰 Finance & Revenue
18 May 1925
Loan, Interest Rate, Cheviot County Council, Doctor's Residence
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Cambridge Borough Council Loan

💰 Finance & Revenue
18 May 1925
Loan, Interest Rate, Cambridge Borough Council, High-level Bridge Footways
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Taranaki County Council Loan

💰 Finance & Revenue
18 May 1925
Loan, Interest Rate, Taranaki County Council, Bridges, Mangorei Riding, Lower Mangorei Road
  • F. D. Thomson, Clerk of the Executive Council