Local Authority Loan Interest Rates




JULY 29.]
THE NEW ZEALAND GAZETTE
2367

Prescribing the Rate of Interest that may be paid by the Vincent County Council in respect of a Loan of £20,000 authorized
to be raised for the Purpose of repairing and erecting Bridges.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of July, 1926.
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 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 Vincent County Council has been authorized to borrow the sum of twenty thousand pounds for the purpose of repairing and erecting bridges:
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 Vincent County Council in respect of the said loan of twenty thousand pounds shall be a rate not exceeding six per centum per annum, and the said Vincent County Council is hereby authorized to borrow the said sum of twenty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Hobson County Council in respect of a Loan of £600 authorized to be raised for the Purpose of metalling the Road giving Access to the Aranga Station.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of July, 1926.
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 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 Hobson County Council has been authorized to borrow the sum of six hundred pounds for the purpose of metalling the road giving access to the Aranga Station:
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 Hobson County Council in respect of the said loan of six hundred pounds shall be a rate not exceeding six per centum per annum, and the said Hobson County Council is hereby authorized to borrow the said sum of six hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Pahiatua County Council in respect of a Loan of £500 authorized
to be raised for the Reconstruction of Ellmer's Bridge.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of July, 1926.
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 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 Pahiatua County Council has been authorized to borrow the sum of five hundred pounds for the reconstruction of Ellmer's 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 Pahiatua County Council in respect of the said loan of five hundred pounds shall be a rate not exceeding six per centum per annum, and the said Pahiatua County Council is hereby authorized to borrow the said sum of five hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Pahiatua County Council in respect of a Loan of £4,000 authorized to be raised for the Reconstruction of Ngaturi Bridge.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of July, 1926.
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 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 Pahiatua County Council has been authorized to borrow the sum of four thousand pounds for the reconstruction of Ngaturi 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 Pahiatua County Council in respect of the said sum of four thousand pounds shall be a rate not exceeding six per centum per annum, and the said Pahiatua County Council is hereby authorized to borrow the said sum of four thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.



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✨ LLM interpretation of page content

💰 Prescribing the Rate of Interest for Vincent County Council Loan of £20,000

💰 Finance & Revenue
26 July 1926
Loan, Vincent County Council, Bridges, Interest Rate
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Hobson County Council Loan of £600

💰 Finance & Revenue
26 July 1926
Loan, Hobson County Council, Road Metalling, Interest Rate
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Pahiatua County Council Loan of £500

💰 Finance & Revenue
26 July 1926
Loan, Pahiatua County Council, Ellmer's Bridge, Interest Rate
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing the Rate of Interest for Pahiatua County Council Loan of £4,000

💰 Finance & Revenue
26 July 1926
Loan, Pahiatua County Council, Ngaturi Bridge, Interest Rate
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council