Local Authority Loan Interest Rates




Oct. 22.] THE NEW ZEALAND GAZETTE. 2997

Prescribing the Rate of Interest that may be paid by the Whangarei County Council in respect of a Loan of £450, authorized to be raised for the Purpose of metalling a Portion of the Ruatangata-Otakairangi Road.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of October, 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 County Council has been authorized to borrow the sum of four hundred and fifty pounds for the purpose of metalling a portion of the Rua-tangata-Otakairangi Road:

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 Whangarei County Council in respect of the said loan of four hundred and fifty pounds shall be a rate not exceeding six per centum per annum, and the said Whangarei County Council is hereby authorized to borrow the said sum of four hundred and fifty pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Waitemata County Council in respect of a Loan of £2,300, authorized to be raised for the Acquisition of Land for the Purpose of a Recreation-ground.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of October, 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 Waitemata County Council has been authorized to borrow the sum of two thousand three hundred pounds for the acquisition of land for the purpose of a recreation-ground:

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 Waitemata County Council in respect of the said loan of two thousand three hundred 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 two thousand three hundred pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Wairewa County Council in respect of a Loan of £3,000, authorized to be raised for the Erection of Workers' Dwellings.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of October, 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 Wairewa County Council has been authorized to borrow the sum of three thousand pounds for the erection of workers' dwellings:

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 Wairewa County Council in respect of the said loan of three thousand pounds shall be a rate not exceeding six per centum per annum, and the said Wairewa County Council is hereby authorized to borrow the said sum of three thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Rotorua County Council in respect of a Loan of £2,000, being the Balance of a Loan of £6,000 authorized to be raised for the Installation of a Water-supply System in the Ngongotaha District.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 15th day of October, 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 Rotorua County Council has been authorized to borrow the sum of six thousand pounds for the installation of a water-supply system in the Ngongotaha



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1925, No 75


NZLII PDF NZ Gazette 1925, No 75





✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Whangarei County Council Loan

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

💰 Prescribing the Rate of Interest for Waitemata County Council Loan

💰 Finance & Revenue
15 October 1925
Loan, Interest Rate, Waitemata County Council, Recreation-ground
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Wairewa County Council Loan

💰 Finance & Revenue
15 October 1925
Loan, Interest Rate, Wairewa County Council, Workers' Dwellings
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Rotorua County Council Loan (continued from previous page)

💰 Finance & Revenue
15 October 1925
Loan, Interest Rate, Rotorua County Council, Water-supply System
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council