Local Authority Loan Orders




Oct. 22.] THE NEW ZEALAND GAZETTE. 2999

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 Matamata County Council has been authorized to borrow the sum of three thousand three hundred pounds for road works in the Omahine-Te Poi Special-rating Area, and is now desirous of raising the sum of one thousand eight hundred pounds, being the balance of the loan of three thousand three 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 Matamata County Council in respect of the said loan of one thousand eight hundred pounds shall be a rate not exceeding six per centum per annum, and the said Matamata County Council is hereby authorized to borrow the said sum of one thousand eight hundred pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Rangitikei County Council in respect of a Loan of £4,000, authorized to be raised for the Purpose of completing the Forming and Metalling of Roads, Erection of Bridges, and Purchase of Machinery and Plant.

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 Rangitikei County Council has been authorized to borrow the sum of forty thousand pounds for the purpose of forming and metalling roads, erecting bridges, and purchase of machinery and plant, and is now desirous of borrowing an additional sum of four thousand pounds under the authority of section eighteen of the Local Bodies' Loans Act, 1913, for the purpose of completing the undertaking:

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

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

Prescribing the Term for which the Pahiatua Borough Council may borrow the Sum of £6,000, for the Purpose of tarring Main Street and Mangahao Road, and purchasing a Stone-crusher.

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 Pahiatua Borough Council has been authorized to borrow the sum of six thousand pounds for the purpose of tarring Main Street and Mangahao Road, and purchasing a stone-crusher:

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 said six thousand pounds 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 Pahiatua Borough Council may borrow the said sum of six thousand pounds shall be twenty years, and the said Pahiatua Borough Council is hereby authorized to borrow the said sum of six thousand pounds for this term.

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

Prescribing the Term for which the Uawa County Council may borrow the Sum of £10,000, being a Further Portion of a Loan of £104,455 authorized to be raised for Roads, Bridges, and Machinery, &c., and also the Rate of Interest payable thereon.

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 Uawa County Council has been authorized to borrow the sum of one hundred and four thousand four hundred and fifty-five pounds for roads, bridges, and machinery, et cetera, and is now desirous of raising the sum of ten thousand pounds, being a further portion of the loan of one hundred and four thousand four hundred and fifty-five 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, and the rate of interest payable thereon be not exceeding six per centum per annum:



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VUW Te Waharoa PDF NZ Gazette 1925, No 75


NZLII PDF NZ Gazette 1925, No 75





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

💰 Finance & Revenue
15 October 1925
Loan, Interest Rate, Matamata County Council, Roadworks
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Rangitikei County Council Loan for Roadworks and Machinery

💰 Finance & Revenue
15 October 1925
Loan, Interest Rate, Rangitikei County Council, Roadworks, Bridges, Machinery
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Term for Pahiatua Borough Council Loan for Roadworks and Stone-crusher

💰 Finance & Revenue
15 October 1925
Loan, Term, Pahiatua Borough Council, Roadworks, Stone-crusher
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Term and Rate of Interest for Uawa County Council Loan for Roads and Bridges

💰 Finance & Revenue
15 October 1925
Loan, Term, Interest Rate, Uawa County Council, Roads, Bridges, Machinery
  • F. D. Thomson, Clerk of the Executive Council