✨ Local Authority Loan Orders
468
THE NEW ZEALAND GAZETTE.
[No. 16
Order in Council authorizing the Borrowing by Hypothecation of Debentures issued by the Piako County Council in respect of specified Loans or Portions thereof.
BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House, at Wellington, this 2nd day of March, 1931.
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the local authority mentioned in the Second Column of the Schedule hereto has been authorized to borrow in respect of 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 said local authority is desirous of borrowing pursuant to section thirty-four of the Local Bodies' Loans Act, 1926, by the hypothecation or mortgage of the debentures authorized to be issued in respect of the loans referred to in the said Third 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 Local Bodies' Loans Act, 1926, and the Local Government Loans Board, 1926, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the borrowing of the sums of money stated in the Fifth Column of the said Schedule by the hypothecation or mortgage of the said debentures and the said local authority is hereby authorized to borrow the respective sums accordingly.
SCHEDULE.
| First Column. | Second Column. | Third Column. | Fourth Column. | Fifth Column. |
|---|---|---|---|---|
| Consecutive No. | Name of Local Authority. | Nature of Loan. | Amount of Loan. | Amount not borrowed. |
| 1 | Piako County Council | Woods Road Loan, 1929 .. | £ 1,500 | £ 1,000 |
| 2 | " | School Road Loan, 1929 .. | 1,800 | 800 |
| 3 | " | Gould's Road Loan, 1930 .. | 1,000 | 1,000 |
| 4 | " | Piako Main Road Loan, 1930 | 900 | 900 |
| 5 | " | Morrinsville–Motumaoho Main Road Loan, 1930 | 1,100 | 1,100 |
| 6 | " | Valley Road Loan, 1929 .. | 3,000 | 3,000 |
| 7 | " | Peek's Road Loan, 1929 .. | 2,000 | 1,000 |
(T. 40/416/8.)
F. D. THOMSON, Clerk of the Executive Council.
Order in Council prescribing 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 2nd day of March, 1931.
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 Number. | Name of Local Authority. | Name of Loan. | Amount of Loan authorized. | Amount not borrowed. | Rate of Interest prescribed. |
| 1 | Manawatu County Council | Main Drain Road Unemployment Loan, 1929 | £ 1,200 | £ 1,200 | Per Cent. £ s. d. 5 15 0 |
| 2 | Waiuku Town Board | Water-supply Supplementary Loan, 1930 | 400 | 400 | 5 15 0 |
| 3 | Piako County Council | Woods Road Loan, 1929 | 1,500 | 1,000 | 5 15 0 |
| 4 | " | School Road Loan, 1929 | 1,800 | 800 | 5 15 0 |
| 5 | " | Gould's Road Loan, 1930 | 1,000 | 1,000 | 5 15 0 |
| 6 | " | Piako Main Loan, 1930 | 900 | 900 | 5 15 0 |
| 7 | " | Morrinsville–Motumaoho Main Road Loan, 1930 | 1,100 | 1,100 | 5 15 0 |
(T. 40/416/8.)
F. D. THOMSON, Clerk of the Executive Council.
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VUW Te Waharoa —
NZ Gazette 1931, No 16
NZLII —
NZ Gazette 1931, No 16
✨ LLM interpretation of page content
💰 Order in Council authorizing borrowing by hypothecation of debentures
💰 Finance & Revenue2 March 1931
Local Bodies' Loans Act 1926, Piako County Council, hypothecation, debentures
- F. D. Thomson, Clerk of the Executive Council
💰 Order in Council prescribing rates of interest for local authority loans
💰 Finance & Revenue2 March 1931
Local Bodies' Loans Act 1926, interest rates, Manawatu County Council, Waiuku Town Board, Piako County Council
- F. D. Thomson, Clerk of the Executive Council