Loan Interest Rate Orders




Oct. 28.] THE NEW ZEALAND GAZETTE. 3019

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 or public body
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 Inglewood County Council has been
authorized to borrow the sum of three hundred and fifty
pounds for the purpose of erecting two bridges on the Rugby
Road :

And whereas the Minister of Finance has given his precedent
consent as required by the above-recited section one hundred
and fourteen, 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 Inglewood County Council
in respect of the said sum of three hundred and fifty pounds
shall be a rate not exceeding six per centum per annum, and
the said Inglewood County Council is hereby authorized to
borrow the said sum of three hundred and fifty pounds
accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Christ-
church City Council in respect of a Loan of £5,745 authorized
to be raised for the Purpose of paying off the Balance of the
North Linwood Channelling Loan.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 18th day
of October, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN
COUNCIL.

WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans Act, 1926, 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 or public body
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 Christchurch City Council has been
authorized to borrow the sum of five thousand seven hundred
and forty-five pounds for the purpose of paying off the
balance of the North Linwood Channelling Loan:

And whereas the Minister of Finance has given his precedent
consent as required by the above-recited section one hundred
and fourteen, 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 Christchurch City
Council in respect of the said sum of five thousand seven
hundred and forty-five pounds shall be a rate not exceeding
five and three-quarters per centum per annum, and the said
Christchurch City Council is hereby authorized to borrow the
said sum of five thousand seven hundred and forty-five
pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Waitomo Electric-power Board in respect of a Loan of £20,000
authorized to be raised for installing Electrical and other
Equipment for Consumers and the Purchase of Electrical
and other Equipment.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 18th day
of October, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN
COUNCIL.

WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans' Act, 1926, 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 or public body 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 Waitomo Electric-power Board has been
authorized to borrow the sum of twenty thousand pounds
for installing electrical and other equipment for consumers,
and the purchase of electrical and other equipment:

And whereas the Minister of Finance has given his precedent
consent as required by the above-recited section one hundred
and fourteen, 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 Waitomo Electric-power
Board in respect of the said sum of twenty thousand pounds
shall be a rate not exceeding six per centum per annum, and the
said Waitomo Electric-power Board is hereby authorized to
borrow the said sum of twenty thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Waitemata County Council in respect of a Loan of £650
authorized to be raised for providing a Water-supply at
Motutara.

CHARLES FERGUSSON, Governor General.
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 18th day
of October, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN
COUNCIL.

WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans Act, 1926, 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 or public body 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 Waitemata County Council has been
authorized to borrow the sum of six hundred and fifty pounds
for providing a water-supply at Motutara:

And whereas the Minister of Finance has given his precedent
consent as required by the above-recited section one hundred
and fourteen, 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



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💰 Prescribing Interest Rate for Inglewood County Council Loan (continued from previous page)

💰 Finance & Revenue
18 October 1926
Loan, Interest Rate, Inglewood County Council, Bridges, Rugby Road
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Interest Rate for Christchurch City Council Loan

💰 Finance & Revenue
18 October 1926
Loan, Interest Rate, Christchurch City Council, North Linwood Channelling
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Interest Rate for Waitomo Electric-power Board Loan

💰 Finance & Revenue
18 October 1926
Loan, Interest Rate, Waitomo Electric-power Board, Electrical Equipment
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council

💰 Prescribing Interest Rate for Waitemata County Council Loan

💰 Finance & Revenue
18 October 1926
Loan, Interest Rate, Waitemata County Council, Water-supply, Motutara
  • Charles Fergusson, Governor-General
  • C. A. Jeffery, Acting Clerk of the Executive Council