Local Authority Loan Interest Rates




MAR. 25.

THE NEW ZEALAND GAZETTE.

Prescribing the Rate of Interest that may be paid by the Kairanga County Council in respect of a Loan of £2,000, authorized to be raised for building and renewing Bridges and Culverts in the Fitzherbert Riding.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 15th day of March, 1926.
Present:
THE RIGHT HONOURABLE J. G. COATES, P.C., 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 ratepayers 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 Kairanga County Council has been authorized to borrow the sum of two thousand pounds for building and renewing bridges and culverts in the Fitzherbert Riding:

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

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

Prescribing the Rate of Interest that may be paid by the Dannevirke Borough Council in respect of a Loan of £696, authorized to be raised for the Purpose of providing the Council's Proportion of Levy made for Construction Work by the Manawatu Gorge Board of Control.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 15th day of March, 1926.
Present:
THE RIGHT HONOURABLE J.'G. COATES, P.C., 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 ratepayers 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 Dannevirke Borough Council has been authorized to borrow the sum of six hundred and ninety-six pounds for the purpose of providing the Council's proportion of levy made for construction-work by the Manawatu Gorge Board of Control:

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 Dannevirke Borough Council in respect of the said loan of six hundred and ninety-six pounds shall be a rate not exceeding six per centum per annum, and the said Dannevirke Borough Council is hereby authorized to borrow the said sum of six hundred and ninety-six pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Wairarapa South County Council in respect of a Loan of £5,000 authorized to be raised for repairing Flood Damage.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 15th day of March, 1926.
Present:
THE RIGHT HONOURABLE J. G. COATES, P.C., 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 ratepayers 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 Wairarapa South County Council has been authorized to borrow the sum of five thousand pounds for repairing flood damage:

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

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

Prescribing the Rate of Interest that may be paid by the Dannevirke County Council in respect of a Loan of £450 authorized to be raised for reforming and metalling a Portion of Te Uri Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 15th day of March, 1926.
Present:
THE RIGHT HONOURABLE J. G. COATES, P.C., 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 ratepayers 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:



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💰 Prescription of Interest Rate for Kairanga County Council Loan (continued from previous page)

💰 Finance & Revenue
15 March 1926
Loan, interest rate, Kairanga County Council, bridges, culverts
  • Charles Fergusson, Governor-General
  • The Right Honourable J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescription of Interest Rate for Dannevirke Borough Council Loan

💰 Finance & Revenue
15 March 1926
Loan, interest rate, Dannevirke Borough Council, construction work, Manawatu Gorge Board of Control
  • Charles Fergusson, Governor-General
  • The Right Honourable J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescription of Interest Rate for Wairarapa South County Council Loan

💰 Finance & Revenue
15 March 1926
Loan, interest rate, Wairarapa South County Council, flood damage
  • Charles Fergusson, Governor-General
  • The Right Honourable J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescription of Interest Rate for Dannevirke County Council Loan

💰 Finance & Revenue
15 March 1926
Loan, interest rate, Dannevirke County Council, road reforming, Te Uri Road
  • Charles Fergusson, Governor-General
  • The Right Honourable J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council