Loan Interest Rate Orders




Dec. 17.] THE NEW ZEALAND GAZETTE. 3403

Prescribing the Rate of Interest that may be paid by the South
Canterbury Electric-power Board in respect of a Loan of
£67,000, authorized to be raised for Electric Works in the Com-
bined District of Levels County and Pleasant Point Town
District.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of
December, 1925.
Present:
THE HONOURABLE J. G. COATES PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, 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 South Canterbury Electric-power Board
has been authorized to borrow the sum of sixty-seven thou-
sand pounds for electric works in the combined districts of
Levels County and Pleasant Point Town District:
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 five and three-quarters 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 South Canterbury Electric-
power Board in respect of the said loan of sixty-seven thousand
pounds shall be a rate not exceeding five and three-quarters
per centum per annum, and the said South Canterbury Elec-
tric-power Board is hereby authorized to borrow the said sum
of sixty-seven thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Ohura County Council in respect of a Loan of £1,500, being
a Further Portion of a Loan of £8,500 authorized to be raised
for widening, culverting, and metalling the Ohura-Tatu Main
Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 30th day of
November, 1925.
Present:
THE HONOURABLE J. G. COATES PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, 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 Ohura County Council has been authorized
to borrow the sum of eight thousand five hundred pounds for
widening, culverting, and metalling the Ohura-Tatu Main
Road, and is now desirous of raising the sum of one thousand
five hundred pounds, being a further portion of the loan of
eight 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 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 Ohura 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 Ohura County Council is hereby authorized to
borrow the said sum of one thousand five hundred pounds
accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Ohura
County Council in respect of a Loan of £900, being a Further
Portion of a Loan of £3,000 authorized to be raised for
reforming, culverting, and metalling the Main Ohura Road
at Matiere.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 30th day
of November, 1925.
Present:
THE HONOURABLE J. G. COATES PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, 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 Ohura County Council has been authorized
to borrow the sum of three thousand pounds for reforming,
culverting, and metalling the Main Ohura Road at Matiere,
and is now desirous of raising the sum of nine hundred pounds,
being a further portion of the loan of three 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 Ohura County Council in
respect of the said loan of nine hundred pounds shall be a
rate not exceeding six per centum per annum, and the said
Ohura County Council is hereby authorized to borrow the
said sum of nine hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Kaitieke County Council may
borrow the Sum of £250, authorized to be raised for the Purpose
of forming, widening, culverting, and improving a Portion
of the Kawautahi Road, and also the Rate of Interest payable
thereon.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of
December, 1925.
Present:
THE HONOURABLE J. G. COATES PRESIDING IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, 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



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💰 Prescribing Interest Rate for South Canterbury Electric-power Board Loan

💰 Finance & Revenue
7 December 1925
Loan, Interest Rate, South Canterbury Electric-power Board, Electric Works, Levels County, Pleasant Point Town District
  • Charles Fergusson, Governor-General
  • The Honourable J. G. Coates, Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Ohura County Council Loan for Ohura-Tatu Main Road

💰 Finance & Revenue
30 November 1925
Loan, Interest Rate, Ohura County Council, Ohura-Tatu Main Road, Widening, Culverting, Metalling
  • Charles Fergusson, Governor-General
  • The Honourable J. G. Coates, Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Ohura County Council Loan for Main Ohura Road at Matiere

💰 Finance & Revenue
30 November 1925
Loan, Interest Rate, Ohura County Council, Main Ohura Road, Matiere, Reforming, Culverting, Metalling
  • Charles Fergusson, Governor-General
  • The Honourable J. G. Coates, Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Term and Interest Rate for Kaitieke County Council Loan for Kawautahi Road

💰 Finance & Revenue
7 December 1925
Loan, Term, Interest Rate, Kaitieke County Council, Kawautahi Road, Forming, Widening, Culverting, Improving
  • Charles Fergusson, Governor-General
  • The Honourable J. G. Coates, Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council