✨ Local Body Loan Interest Rates
And whereas the Matamata County Council has been
authorized to borrow the sum of five thousand pounds for
road metalling in the Whitehall Special-rating Area:
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 Matamata County Council
in respect of the said sum of five thousand pounds shall be
a rate not exceeding six per centum per annum, and the
said Matamata 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 Raglan
Town Board in respect of a Loan of £2,200, authorized to be
raised for the Purpose of erecting a Municipal Building.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 14th day
of November, 1927.
Present :
THE RIGHT HONOURABLE J. G. Coates, P.C., 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 Raglan Town Board has been authorized
to borrow the sum of two thousand two hundred pounds for
the purpose of erecting a municipal building :
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 cf 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 Raglan Town Board in
respect of the said sum of two thousand two hundred pounds
shall be a rate not exceeding six per centum per annum, and
the said Raglan Town Board is hereby authorized to borrow
the said sum of two thousand two hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Hamilton Borough Council in respect of a Loan of £2,000,
authorized to be raised for the Purpose of providing Relief
Works for Unemployed.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 14th day of
November, 1927.
Present :
THE RIGHT HONOURABLE J. G. Coates, P.C., 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 Hamilton Borough Council has been
authorized to borrow the sum of two thousand pounds for
the purpose of providing relief works for unemployed :
And whercas 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 Hamilton Borough Council
in respect of the said sum of two thousand pounds shall be a
rate not exceeding five and three-quarters per centum per
annum, and the said Hamilton Borough Council is hereby
authorized to borrow the said sum of two thousand pounds
accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Cook County Council may
borrow the Sum of £20,000, being a further Portion of a Loan
of £153,000, authorized to be raised for the Formation,
Metalling, and Bitumen-sealing of Roads, Renewal and
Erection of Bridges, and the Purchase of Machinery, and
also the Rate of Interest payable thereon.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 14th day
of November, 1927.
Present :
THE RIGHT HONOURABLE J. G. Coates, P.C., PRESIDING IN
COUNCIL.
WHEREAS section thirty-two of the Local Bodies'
Loans Act, 1926, provides that where any local
authority has heretofore been or shall hereafter be authorized
to raise a loan, whether pursuant to a poll of ratepayers, and
whether such loan has been raised in part or not, such local
authority may, with the consent of the Governor-General in
Council, raise such loan or any part thereof upon terms of
making the same, together with interest thereon, repayable
by instalments extending over such period of years, whether
in excess of the period mentioned in the poll taken on the
proposal for such loan or not, and payable at such times as
may be fixed by such local authority, and may permanently
appropriate and pledge for the purpose of securing such instal-
ments any special rate already made, or hereafter to be made,
or any part of such special rate :
And whereas the Cook County Council has been authorized
to borrow the sum of one hundred and fifty-three thousand
pounds for the formation, metalling, and bitumen-sealing of
roads, renewal and erection of bridges, and the purchase of
machinery, and is now desirous of raising the sum of twenty
thousand pounds, being a further portion of the loan of one
hundred and fifty-three thousand pounds :
And whereas the Minister of Finance has given his prece
dent consent as required by the above-recited section one
hundred and fourteen, and it is desired that the term for which
the money may be borrowed be thirty years, and the rate of
interest payable thereon be not exceeding five and three-
quartets 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 Cook County Council may borrow the said
sum of twenty thousand pounds shall be thirty years, and the
rate of interest that may be paid thereon shall be a rate not
exceeding five and three-quarters per centum per annum, and
the said Cook County Council is hereby authorized to borrow
the said sum of twenty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council
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VUW Te Waharoa —
NZ Gazette 1927, No 79
NZLII —
NZ Gazette 1927, No 79
✨ LLM interpretation of page content
💰
Prescribing the Rate of Interest for Matamata County Council Loan
(continued from previous page)
💰 Finance & Revenue14 November 1927
Loan, Interest Rate, Matamata County Council, Road Metalling, Whitehall Special-rating Area
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing the Rate of Interest for Raglan Town Board Loan
💰 Finance & Revenue14 November 1927
Loan, Interest Rate, Raglan Town Board, Municipal Building
- Charles Fergusson, Governor-General
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing the Rate of Interest for Hamilton Borough Council Loan
💰 Finance & Revenue14 November 1927
Loan, Interest Rate, Hamilton Borough Council, Relief Works, Unemployed
- Charles Fergusson, Governor-General
- F. D. Thomson, Clerk of the Executive Council
💰 Prescribing the Term and Rate of Interest for Cook County Council Loan
💰 Finance & Revenue14 November 1927
Loan, Interest Rate, Term, Cook County Council, Roads, Bridges, Machinery
- Charles Fergusson, Governor-General
- F. D. Thomson, Clerk of the Executive Council