✨ Local Authority Loans and Land Sales
2878
THE NEW ZEALAND GAZETTE.
[No. 77
Order in Council consenting to the Raising of Loans by certain Local Authorities.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 11th day of November, 1929.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section three of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”), it is provided that, notwithstanding anything to the contrary in any Act, it shall not be lawful or competent for any local authority to borrow or contract to borrow any money (otherwise than in anticipation of its revenue within the limits of its powers, if any, in that behalf), whether from the State Advances Office or from any other source whatever, and whether in pursuance of a special Act or under any authority whatever, without the precedent consent of the Governor-General in Council given after compliance with the provisions of the said Act:
And whereas section eleven of the said Act provides that the Governor-General in Council, in giving his consent to the borrowing of moneys by the local authority, may impose such conditions with respect to the time at which such moneys may be borrowed, the rate of interest that may be paid in respect thereto, the term for which they may be borrowed, and provisions for repayment thereof as he thinks fit, and that it shall not be lawful for the local authority to borrow such moneys save in accordance with the conditions so imposed:
And whereas the several local authorities mentioned in the Schedule hereto are desirous of raising the respective amounts set out opposite their names therein:
And whereas the said local authorities have complied with the provisions of the said Act, and it is expedient that the aforesaid precedent consent should be given to the raising of the loans on the terms and conditions hereinafter set forth:
Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, and in pursuance and exercise of the powers and authorities conferred on him by the said Act, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising by the respective local authorities whose names are set out in the Second Column of the said Schedule of the loans referred to in the Third Column of the said Schedule, up to the respective amounts set out in the Fourth Column of the said Schedule, for the respective terms set out in the Fifth Column of the said Schedule at rates of interest being such as shall not produce to the lenders rates exceeding the respective rates specified in the Sixth Column of the said Schedule, subject to the condition that the respective local authorities shall, before borrowing the said respective sums, or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, or under such other statutory enactment as may be applicable in any respective case, and shall thereafter make to such sinking fund payments at intervals of not more than one year at a rate or rates which shall be not less than the respective rates per centum set out in the Seventh Column of the said Schedule, such payments to be made in respect of every part of the said respective sums for the time being so borrowed and not repaid, and the first payment to be made not later than one year after the first day from which interest to the lender is computed on any moneys so borrowed, and subject to the further condition that in no case shall any portion of interest or sinking fund be paid out of loan-moneys.
SCHEDULE.
| First Column. | Second Column. | Third Column. | Fourth Column. | Fifth Column. | Sixth Column. | Seventh Column. |
|---|---|---|---|---|---|---|
| Consecutive Number. | Name of Local Authority. | Name of Loan. | Amount of Loan. | Term of Loan. | Rate of Interest per Centum. | Annual Rate per Centum of Payment into Sinking Fund. |
| 1 | Hawke’s Bay Rivers Board | Flood Damage Loan, 1929 | £ 6,000 | Years. 10 | £ s. d. 5 10 0 | £ s. d. 8 0 0 |
| 2 | Franklin County Council .. | Whangapouri Road (Runciman) Special-rating Area Loan, 1929 | 250 | 20 | 5 10 0 | 3 0 0 |
| 3 | Franklin County Council .. | Pilgrim Road (Mauku) Loan, 1929 | 400 | 20 | 5 10 0 | 3 0 0 |
| 4 | Palmerston North Borough Council | Waterworks Loan (No. 2), 1929 | 14,000 | 33 | 5 10 0 | 1 5 0 |
| 5 | Featherston County Council | Pukeo Drainage Loan, 1929 | 2,700 | 30 | 5 10 0 | 1 10 0 |
| 6 | Piako County Council | McLaren’s Road Loan, 1929 | 1,000 | 20 | 5 10 0 | 3 0 0 |
| 7 | Ellerslie Town Board | Drainage Extension Loan, 1929 | 1,200 | 36½ | 5 10 0 | 1 0 0 |
(T. 40/416/6.)
F. D. THOMSON, Clerk of the Executive Council.
Special Provision with respect to Deer in Waitaki Acclimatization District.
CHARLES FERGUSSON, Governor-General.
IN pursuance of the powers vested in me by the Animals Protection and Game Act, 1921–22 (hereinafter referred to as “the said Act”), I, General Sir Charles Fergusson, Baronet, Governor-General of the Dominion of New Zealand, do hereby revoke the Warrant under the said Act (hereinafter referred to as “the said Warrant”), dated the third day of October, one thousand nine hundred and twenty-seven, and gazetted on the sixth day of the same month, declaring deer to cease to be imported game in the Waitaki Acclimatization District:
And do hereby declare that deer shall be deemed to be included in the Second Schedule of the said Act with respect to the said Acclimatization District:
And I do hereby further declare that this Warrant shall come into force on the first day of March, one thousand nine hundred and thirty, and shall expire on the thirty-first day of May, one thousand nine hundred and thirty, and that from and after the last-mentioned date deer shall cease to be included in the Second Schedule of the said Act with respect to the said district.
As witness the hand of His Excellency the Governor-General, this 8th day of November, 1929.
P. A. DE LA PERRELLE,
Minister of Internal Affairs.
(I.A. 25/20/13.)
Notifying Lands in the Canterbury Land District for Sale by Public Auction.
CHARLES FERGUSSON, Governor-General.
IN pursuance of the powers and authorities conferred upon me by section one hundred and thirty-two of the Land Act, 1924, I, General Sir Charles Fergusson, Baronet, Governor-General of the Dominion of New Zealand, do hereby appoint Wednesday, the eighteenth day of December, one thousand nine hundred and twenty-nine, as the time at which the lands
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VUW Te Waharoa —
NZ Gazette 1929, No 77
NZLII —
NZ Gazette 1929, No 77
✨ LLM interpretation of page content
💰 Order in Council consenting to the Raising of Loans by certain Local Authorities
💰 Finance & Revenue11 November 1929
Loans, Local Authorities, Local Government Loans Board Act, 1926
- Charles Fergusson, Governor-General
- F. D. Thomson, Clerk of the Executive Council
🌾 Special Provision with respect to Deer in Waitaki Acclimatization District
🌾 Primary Industries & Resources8 November 1929
Deer, Waitaki Acclimatization District, Animals Protection and Game Act, 1921–22
- Charles Fergusson, Governor-General
- P. A. De La Perrelle, Minister of Internal Affairs
🗺️ Notifying Lands in the Canterbury Land District for Sale by Public Auction
🗺️ Lands, Settlement & SurveyLand Sale, Public Auction, Canterbury Land District, Land Act, 1924
- Charles Fergusson, Governor-General