✨ Loan Interest Rate Prescriptions
Nov. 5.] THE NEW ZEALAND GAZETTE. 3135
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 Paeroa Borough Council may borrow the
said four thousand pounds shall be twenty years, and the
rate of interest that may be paid thereon shall be a rate not
exceeding six per centum per annum, and the said Paeroa
Borough Council is hereby authorized to borrow the said
sum of four thousand pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Tararua
Electric-power Board in respect of a Loan of £5,000, being a
Further Portion of a Loan of £200,000, authorized to be
raised for Electric Works.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th 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 Tararua Electric-power Board has been
authorized to borrow the sum of two hundred thousand
pounds for electric works, and is now desirous of raising the
sum of five thousand pounds, being a further portion of
the loan of two hundred 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 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 Tararua Electric-power
Board in respect of the said loan of five thousand
pounds shall be a rate not exceeding six per centum per annum,
and the said Tararua Electric-power Board is hereby authorized
to borrow the said sum of five thousand pounds
accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Otahuhu
Borough Council in respect of a Loan of £2,500, authorized
to be raised for the Purpose of erecting Workers' Dwellings.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th 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 Otahuhu Borough Council has been authorized
to borrow the sum of two thousand five hundred pounds
for the purpose of erecting 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 Otahuhu Borough
Council in respect of the said loan of two thousand five hundred
pounds shall be a rate not exceeding six per centum per annum,
and the said Otahuhu Borough Council is hereby authorized
to borrow the said sum of two thousand five hundred pounds
accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Opotiki
County Council in respect of a Loan of £7,000, authorized to
be raised for the Purpose of renewing in Concrete a Traffic-bridge
across the Waioeka River.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th 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 Opotiki County Council has been authorized
to borrow the sum of seven thousand pounds for the purpose of
renewing in concrete a traffic-bridge across the Waioeka
River:
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 Opotiki County
Council in respect of the said loan of seven thousand pounds
shall be a rate not exceeding six per centum per annum, and
the said Opotiki County Council is hereby authorized to
borrow the said sum of seven thousand pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Thames
Borough Council in respect of the Loan of £5,000, authorized
to be raised for the Purpose of completing and fully establishing
the Waiotahi Quarry.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 28th 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-
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 1925, No 78
NZLII —
NZ Gazette 1925, No 78
✨ LLM interpretation of page content
💰
Loan Term and Interest Rate Prescription for Paeroa Borough Council Street-improvements
(continued from previous page)
💰 Finance & Revenue28 October 1925
Loan, Street-improvements, Paeroa Borough Council, Term Prescription, Interest Rate Prescription
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Loan Interest Rate Prescription for Tararua Electric-power Board
💰 Finance & Revenue28 October 1925
Loan, Electric Works, Tararua Electric-power Board, Interest Rate Prescription
- Charles Fergusson, Governor-General
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Loan Interest Rate Prescription for Otahuhu Borough Council
💰 Finance & Revenue28 October 1925
Loan, Workers' Dwellings, Otahuhu Borough Council, Interest Rate Prescription
- Charles Fergusson, Governor-General
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Loan Interest Rate Prescription for Opotiki County Council
💰 Finance & Revenue28 October 1925
Loan, Traffic-bridge, Waioeka River, Opotiki County Council, Interest Rate Prescription
- Charles Fergusson, Governor-General
- C. A. Jeffery, Acting Clerk of the Executive Council
💰 Loan Interest Rate Prescription for Thames Borough Council
💰 Finance & Revenue28 October 1925
Loan, Waiotahi Quarry, Thames Borough Council, Interest Rate Prescription
- Charles Fergusson, Governor-General
- C. A. Jeffery, Acting Clerk of the Executive Council