Loan Interest Rate Orders




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 Malvern Electric-power Board has been
authorized to borrow the sum of forty thousand pounds for
electric works, and is now desirous of raising the sum of ten
thousand pounds, being a further portion of the loan of
forty 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 Malvern Electric-power
Board in respect of the said loan of ten thousand pounds
shall be a rate not exceeding six per centum per annum, and
the said Malvern Electric-power Board is hereby authorized
to borrow the said sum of ten thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Otorohanga County Council in respect of a Loan of £1500, authorized to be raised for the Purpose of forming, culverting, and metalling the Mangawhero Road and erecting a Bridge.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 20th day of
November, 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 Otorohanga County Council has been
authorized to borrow the sum of one thousand five hundred
pounds for the purpose of forming, culverting, and metalling
the Mangawhero Road and erecting a bridge:

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 Otorohanga County Council
in respect of the said loan of one thousand five hundred
pounds shall be a rate not exceeding six per centum per annum,
and the said Otorohanga County Council is hereby authorized
to borrow the said sum of one 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 Matamata Town Board in respect of a Loan of £7,100, being a Portion of a Loan of £20,000 authorized to be raised for Improvement of Streets and Footpaths.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 20th day of
November, 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 Matamata Town Board has been authorized to borrow the sum of twenty thousand pounds for improvement of streets and footpaths, and is now desirous of raising the sum of seven thousand one hundred pounds, being a portion of the loan of twenty 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 Matamata Town Board in respect of the said loan of seven thousand one hundred pounds shall be a rate not exceeding six per centum per annum, and the said Matamata Town Board is hereby authorized to borrow the said sum of seven thousand one hundred pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Mount Roskill Road Board in respect of a Loan of £3,500, authorized to be raised for the Extension of the Drainage System.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 20th day of November, 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 Mount Roskill Road Board has been authorized to borrow the sum of three thousand five hundred pounds for the extension of the drainage system:

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 Mount Roskill Road Board in respect of the said loan of three thousand five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Mount Roskill Road Board is hereby authorized to borrow the said sum of three 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 Franklin County Council in respect of a Loan of £600, being the Balance of a Loan of £1,200 authorized to be raised for the Purpose of metalling the Ramarama to Bombay Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 20th day of November, 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



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 1925, No 83


NZLII PDF NZ Gazette 1925, No 83





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💰 Prescribing Rate of Interest for Malvern Electric-power Board Loan (continued from previous page)

💰 Finance & Revenue
20 November 1925
Interest Rate, Loan, Malvern Electric-power Board, Electric Works, Finance Act
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Rate of Interest for Otorohanga County Council Loan

💰 Finance & Revenue
20 November 1925
Interest Rate, Loan, Otorohanga County Council, Mangawhero Road, Finance Act
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Rate of Interest for Matamata Town Board Loan

💰 Finance & Revenue
20 November 1925
Interest Rate, Loan, Matamata Town Board, Streets and Footpaths, Finance Act
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Rate of Interest for Mount Roskill Road Board Loan

💰 Finance & Revenue
20 November 1925
Interest Rate, Loan, Mount Roskill Road Board, Drainage System, Finance Act
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Rate of Interest for Franklin County Council Loan

💰 Finance & Revenue
20 November 1925
Interest Rate, Loan, Franklin County Council, Ramarama to Bombay Road, Finance Act
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council