Loan Interest Rate Orders




Sept. 16.] THE NEW ZEALAND GAZETTE. 2755

And whereas the Kiwitea County Council has been authorized to borrow the sum of one hundred and fifty pounds for trimming and metalling a portion of Conspicuous Road :

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

F. D. THOMSON,
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 £5,500 authorized to be raised for the Purchase and Erection of a Stone-crushing Plant.


CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 13th 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 Mount Roskill Road Board has been authorized to borrow the sum of five thousand five hundred pounds for the purchase and erection of a stone-crushing plant :

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 Mount Roskill Road Board in respect of the said loan of five thousand five hundred pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Mount Roskill Road Board is hereby authorized to borrow the said sum of five thousand five hundred pounds accordingly.

F. D. THOMSON,
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 £14,800 authorized to be raised for the Purpose of concreting Dominion Road.


CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 13th 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 Mount Roskill Road Board has been authorized to borrow the sum of fourteen thousand eight hundred pounds for the purpose of concreting Dominion Road :

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 Mount Roskill Road Board in respect of the said loan of fourteen thousand eight hundred pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Mount Roskill Road Board is hereby authorized to borrow the said sum of fourteen thousand eight hundred pounds accordingly.

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


Prescribing the Term for which the Palmerston North Borough Council may borrow the Sum of £650 authorized to be raised for completing the Establishment of a Cemetery, and also the Rate of Interest payable thereon.


CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 13th 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 Palmerston North Borough Council has been authorized to borrow the sum of six thousand five hundred pounds for the purchase of a site for a cemetery, and is now desirous of borrowing an additional sum of six hundred and fifty pounds, under the authority of section eighteen of the Local Bodies’ Loans Act, 1913; for the purpose of completing the undertaking :

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 eighteen years and eight months, 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 Palmerston North Borough Council may borrow the said sum of six hundred and fifty pounds shall be eighteen years and eight months, and the rate of interest that may be paid thereon shall be a rate not exceeding six per centum per annum, and the said Palmerston North Borough Council is hereby authorized to borrow the said sum of six hundred and fifty pounds accordingly.

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



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💰 Prescribing Interest Rate for Kiwitea County Council Loan (Conspicuous Road) (continued from previous page)

💰 Finance & Revenue
13 September 1926
Loan, Interest Rate, Road Works, Kiwitea County Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Mount Roskill Road Board Loan (Stone-crushing Plant)

💰 Finance & Revenue
13 September 1926
Loan, Interest Rate, Stone-crushing Plant, Mount Roskill Road Board
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Mount Roskill Road Board Loan (Concreting Dominion Road)

💰 Finance & Revenue
13 September 1926
Loan, Interest Rate, Road Works, Mount Roskill Road Board
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Term and Interest Rate for Palmerston North Borough Council Loan (Cemetery)

💰 Finance & Revenue
13 September 1926
Loan, Interest Rate, Term, Cemetery, Palmerston North Borough Council
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council