Local Authority Borrowing Orders




SEPT. 9.] THE NEW ZEALAND GAZETTE. 2673

Prescribing the Term for which the Petone Borough Council may borrow the Sum of £10,000 authorized to be raised for Sewerage-works, and also the Rate of Interest payable thereon.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of September, 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 Petone Borough Council has been authorized to borrow the sum of ten thousand pounds for sewerage-works:

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 term for which the money may be borrowed be thirty-six years, and the rate of interest payable thereon 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 term for which the Petone Borough Council may borrow the said sum of ten thousand pounds shall be thirty-six 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 Petone Borough Council is hereby authorized to borrow the said sum of ten thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Term for which the Petone Borough Council may borrow the Sum of £10,000 authorized to be raised for the Purpose of widening Jackson Street, and also the Rate of Interest payable thereon.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of September, 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 Petone Borough Council has been authorized to borrow the sum of ten thousand pounds for the purpose of widening Jackson Street:

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 term for which the money may be borrowed be thirty-six years, and the rate of interest payable thereon 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 term for which the Petone Borough Council may borrow the said sum of ten thousand pounds shall be thirty-six

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 Petone Borough Council is hereby authorized to borrow the said sum of ten thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Term for which the Thames County Council may borrow the Sum of £300 authorized to be raised for the Purpose of constructing a Wharf at Whangamata, and also the Rate of Interest payable thereon.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of September, 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 Thames County Council has been authorized to borrow the sum of three hundred pounds for the purpose of constructing a wharf at Whangamata:

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 term for which the money may be borrowed be thirty-six and a half years, and the rate of interest payable thereon 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 term for which the Thames County Council may borrow the said sum of three hundred pounds shall be thirty-six and a half 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 Thames County Council is hereby authorized to borrow the said sum of three hundred pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Waimarino County Council in respect of a Loan of £750 authorized to be raised for metalling the Ohakune-Waiouru Road.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of September, 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 Waimarino County Council has been authorized to borrow the sum of seven hundred and fifty pounds for metalling the Ohakune-Waiouru Road:



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💰 Prescribing borrowing terms for Petone Borough Council sewerage-works loan

💰 Finance & Revenue
6 September 1926
Borrowing, Loan, Sewerage-works, Petone Borough Council, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing borrowing terms for Petone Borough Council Jackson Street widening loan

💰 Finance & Revenue
6 September 1926
Borrowing, Loan, Jackson Street widening, Petone Borough Council, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing borrowing terms for Thames County Council wharf construction loan

💰 Finance & Revenue
6 September 1926
Borrowing, Loan, Wharf construction, Whangamata, Thames County Council, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing interest rate for Waimarino County Council road metalling loan

💰 Finance & Revenue
6 September 1926
Borrowing, Loan, Road metalling, Ohakune-Waiouru Road, Waimarino County Council, Finance Act 1921
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council