Local Government Loan Orders




2048

And whereas the Thames Borough Council has been authorized to borrow the sum of twelve thousand pounds for providing the Council's contribution to the cost of constructing a bridge over the Waihou River at Kopu:

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 twelve 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 twelve thousand pounds accordingly.

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


Prescribing the Rate of Interest that may be paid by the Inglewood County Council in respect of a Loan of £8,800, being the Balance of a Loan of £24,800 authorized to be raised for Main-road Improvements.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of July, 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 Inglewood County Council has been authorized to borrow the sum of twenty-four thousand eight hundred pounds for main-road improvements, and is now desirous of raising the sum of eight thousand eight hundred pounds, being the balance of the loan of twenty-four thousand eight 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 Inglewood County Council in respect of the said loan of eight thousand eight hundred pounds shall be a rate not exceeding six per centum per annum, and the said Inglewood County Council is hereby authorized to borrow the said sum of eight thousand eight hundred pounds accordingly.

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


Prescribing the Term for which the Palmerston North Borough Council may borrow the Sum of £2,500, being the Balance of a Loan of £10,500 authorized to be raised for the Purchase of Additional Buses and Petrol Appliances, the Erection of Shelter-sheds, and Extension of the Bus-barn.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House, at Wellington, this 6th day of July, 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

[No. 51

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 by prescribed by the Governor-General by Order in Council:

And whereas the Palmerston North Borough Council has been authorized to borrow the sum of ten thousand five hundred pounds for the purchase of additional buses and petrol appliances, the erection of shelter-sheds, and extension of the bus-barn, and is now desirous of raising the sum of two thousand five hundred pounds, being the balance of the loan of ten thousand five 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 term for which the money may be borrowed be twenty years:

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 Palmerston North Borough Council may borrow the said sum of two thousand five hundred pounds shall be twenty years, and the said Palmerston North Borough Council is hereby authorized to borrow the said sum of two thousand five hundred pounds accordingly.

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


Prescribing the Term for which the Whangarei Borough Council may borrow the Sum of £5,000, being a Portion of a Loan of £8,200, authorized to be raised for enlarging and extending the Water-main Reticulation.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington this 6th day of July, 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 Whangarei Borough Council has been authorized to borrow the sum of eight thousand two hundred pounds for enlarging and extending the water-main reticulation, for a term of twenty years, and is now desirous of raising the sum of five thousand pounds, being a portion of the loan of eight thousand two 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 term for which the money may be borrowed be increased to thirty-six and a half years:

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 Whangarei Borough Council may borrow the said sum of five thousand pounds shall be thirty-six and a half years, and the said Whangarei Borough Council is hereby authorized to borrow the said sum of five thousand 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 51


NZLII PDF NZ Gazette 1925, No 51





✨ LLM interpretation of page content

🏘️ Prescribing Interest Rate for Thames Borough Council Loan (continued from previous page)

🏘️ Provincial & Local Government
6 July 1925
Loan, Thames Borough Council, Waihou River Bridge, Kopu, Finance Act 1921
  • F. D. Thomson, Clerk of the Executive Council

🏘️ Prescribing Interest Rate for Inglewood County Council Loan

🏘️ Provincial & Local Government
6 July 1925
Loan, Inglewood County Council, Main-road Improvements, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

🏘️ Prescribing Term for Palmerston North Borough Council Loan

🏘️ Provincial & Local Government
6 July 1925
Loan, Palmerston North Borough Council, Buses, Petrol Appliances, Shelter-sheds, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

🏘️ Prescribing Term for Whangarei Borough Council Loan

🏘️ Provincial & Local Government
6 July 1925
Loan, Whangarei Borough Council, Water-main Reticulation, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council