Local Body Loan Interest Rates




THE NEW ZEALAND GAZETTE [No. 29]

Prescribing the Rate of Interest that may be paid by the Foxton Borough Council in respect of a Loan of £850, authorized to be raised for the Purpose of meeting the Council's Proportion of the Cost of erecting the Shannon Bridge.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings, at Wellington, this 29th day of March, 1928.

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 Foxton Borough Council has been authorized to borrow the sum of eight hundred and fifty pounds for the purpose of meeting the Council's proportion of the cost of erecting the Shannon Bridge;

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

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

Prescribing the Rate of Interest that may be paid by the Hutt County Council in respect of a Loan of £1,000, authorized to be raised for the Purpose of paying its Share of the Cost of erecting a Bridge over the Hutt River.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day of March, 1928.

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 Hutt County Council has been authorized to borrow the sum of one thousand pounds for paying its share of the cost of erecting a bridge over the Hutt River;

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

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

Prescribing the Rate of Interest that may be paid by the Wairarapa South County Council in respect of a Loan of £1,000, authorized to be raised for the Purpose of repairing Damage caused by Floods.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day of March, 1928.

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 Wairarapa South County Council has been authorized to borrow the sum of one thousand pounds for the purpose of repairing damage caused by floods;

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

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

Prescribing the Rate of Interest that may be paid by the Westland Hospital Board in respect of a Loan of £1,000, authorized to be raised for the Purpose of purchasing a Maternity Home at Hokitika.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 24th day of March, 1928.

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 Westland Hospital Board has been authorized to borrow the sum of one thousand pounds for the purpose of purchasing a maternity home at Hokitika;

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 Westland Hospital Board in respect of the said sum of one thousand pounds shall be a rate not exceeding six per centum per annum, and the said Westland Hospital Board is hereby authorized to borrow the said sum of one thousand pounds accordingly.

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



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✨ LLM interpretation of page content

💰 Prescribing Interest Rate for Foxton Borough Council Loan

💰 Finance & Revenue
29 March 1928
Loan, Foxton Borough Council, Shannon Bridge, Local Bodies' Loans Act, 1926
  • Charles Fergusson, Governor-General
  • J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Hutt County Council Loan

💰 Finance & Revenue
29 March 1928
Loan, Hutt County Council, Hutt River Bridge, Local Bodies' Loans Act, 1926
  • Charles Fergusson, Governor-General
  • J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Wairarapa South County Council Loan

💰 Finance & Revenue
29 March 1928
Loan, Wairarapa South County Council, Flood Damage, Local Bodies' Loans Act, 1926
  • Charles Fergusson, Governor-General
  • J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council

💰 Prescribing Interest Rate for Westland Hospital Board Loan

💰 Finance & Revenue
24 March 1928
Loan, Westland Hospital Board, Maternity Home, Hokitika, Local Bodies' Loans Act, 1926
  • Charles Fergusson, Governor-General
  • J. G. Coates, P.C., Presiding in Council
  • F. D. Thomson, Clerk of the Executive Council