New Zealand Gazette – 1930 – No. 60

Page 2647

✨ Local Authority Loan Orders

Aug. 21.] THE NEW ZEALAND GAZETTE. 2647

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	Name of Local Authority.	Name of Loan.	Amount of Loan.	Term of	Rate of	Annual Rate
Number.				Loan.	Interest	per Centum of
					per Centum.	Payment
						into
						Sinking Fund.

1 Mount Roskill Road Board Three Kings Road Loan, 1930 ... £ 17,000 ... 20 ... 5 15 0 ... 3 0 0
2 Golden Bay Electric-power Reticulation Loan, 1930 ... £ 3,000 ... 26 ... 5 15 0 ... 2 0 0
Board
3 Tauranga County Council .. Whakamarama Road Loan, 1930 ... £ 1,500 ... 20 ... 6 0 0 ... 3 0 0
4 Auckland Transport Board Avondale Tramway Extension ... £ 58,400 ... 20 ... 5 10 0 ... 3 0 0
Loan, 1930
5 Manawatu County Council Downs Road Loan, 1930 ... £ 300 ... 20 ... 5 15 0 ... 3 0 0
6 Springs-Ellesmere Electric- No. 4 Loan Supplementary ... £ 1,520 ... 26 ... 5 15 0 ... 2 0 0
power Board Loan, 1930
7 Whangarei Borough Council Sewerage Extension Supple- ... £ 4,730 ... 33 ... 5 15 0 ... 1 5 0
mentary Loan, 1930
8 Tauranga County Council .. Tauranga-Matamata Main Road ... £ 3,100 ... 30 ... 5 15 0 ... 1 10 0
Bridges Loan, 1930
9 Christchurch Tramway Board New Brighton Bridge Loan, 1930 ... £ 5,000 ... 20 ... 5 15 0 ... 3 0 0
10 Newmarket Borough Council Drainage Supplementary Loan, ... £ 800 ... 30 ... 5 15 0 ... 1 10 0
1930
11 Christchurch City Council Plunket Rooms Loan, 1930 ... £ 3,000 ... 14 ... 5 15 0 ... 5 2 0
12 Geraldine County River South Orari River District Sup- ... £ 550 ... 22 ... 5 10 0 ... 2 12 0
Board plementary Loan, 1930
13 Manawatu-Oroua Electrical Reticulation and Power ... £ 50,000 ... 20 ... 5 15 0 ... 3 0 0
power Board Supplementary Loan, 1930
14 Timaru Borough Council .. Waimataitai Drainage Unem- ... £ 6,000 ... 10 ... 5 10 0 ... 3 0 0
ployment Loan, 1930

(T. 40/416/6.)

Order in Council prescribing the Rates of Interest that may be paid by certain Local Authorities in respect of specified Loans or Portions thereof.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 18th day of August, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS each of the local authorities mentioned in the Second Column of the Schedule hereto has been authorized to borrow, in respect of the loans referred to in the Third Column of the said Schedule, the respective sums stated in the Fourth Column of the said Schedule, and the respective amounts shown in the Fifth Column of the said Schedule have not been borrowed:

And whereas the Minister of Finance has in each case given his precedent consent as required by section one hundred and fourteen of the Local Bodies' Loans Act, 1926 (hereinafter called "the said section"), and it is desired that the rates of interest at which the money may be borrowed be rates which shall not produce to the lenders rates exceeding the respective rates specified in the Sixth Column of the said Schedule:

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 section and by section eleven of the Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, doth hereby prescribe that each of the amounts set out in the Fifth Column of the said Schedule may be raised by the respective local authority whose name is set out in the Second Column of the said Schedule, at a rate of interest being such as shall not produce to the lender a rate exceeding the respective rates specified in the Sixth Column of the said Schedule, and the respective local authorities are hereby authorized to borrow the respective sums accordingly.

SCHEDULE.

First Column.	Second Column.	Third Column.	Fourth Column.	Fifth Column.	Sixth Column.
Consecutive	Name of Local Authority.	Name of Loan.	Amount of Loan	Amount not	Rate of
Number.			authorized.	borrowed.	Interest
					prescribed.

1 Waitomo Electric - power Supplementary Loan, 1930 ... £ 2,000 ... £ 1,000 ... 6 0 0
Board
2 Central Electric-power Board Pukemiro Supplementary Special ... £ 1,200 ... £ 1,200 ... 5 15 0
Loan, 1929
3 Franklin Electric - power Special Loan, 1929 ... £ 25,000 ... £ 10,000 ... 5 15 0
Board
4 Wairoa Electric-power Board Development Loan, 1920 ... £ 100,000 ... £ 7,000 ... 5 15 0
5 Ohura Town Board Water-supply Loan, 1929 ... £ 2,800 ... £ 2,800 ... 6 0 0

(T. 40/416/6.)

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

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VUW Te Waharoa — NZ Gazette 1930, No 60

NZLII — NZ Gazette 1930, No 60

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Order in Council consenting to the Raising of Loans by certain Local Authorities (continued from previous page)

Domain💰 Finance & Revenue
Dated18 August 1930
KeywordsLocal Government, Loans, Interest Rates, Sinking Fund
👩‍💼 Officials

BLEDISLOE, Governor-General
F. D. THOMSON, Clerk of the Executive Council

💰 Order in Council prescribing the Rates of Interest for Local Authority Loans

Domain💰 Finance & Revenue
Dated18 August 1930
KeywordsLocal Government, Loans, Interest Rates
👩‍💼 Officials

BLEDISLOE, Governor-General
F. D. THOMSON, Clerk of the Executive Council

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