Local Authority Loans and Naval Regulations




Sept. 3.] THE NEW ZEALAND GAZETTE. 2533

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 by section one hundred and fourteen of the Local Bodies’ Loans Act, 1926, 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.

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 Central Electric-power Board Redemption Loan, 1931 £ 44,000 Years. 26 £ s. d. 5 5 0 £ s. d. 1 7 6
2 Blenheim Borough Council Redemption Loan, 1931 22,500 20 5 5 0 3 0 0
3 Nelson City Council Water Reticulation Renewal Loan, 1932 7,700 12 5 0 0 2 0 0
4 ,, Gas and Water Renewal Loan, 1932 18,000 17 5 0 0 3 17 6
5 ,, Electric Light and Antecedent Liability Renewal Loan, 1932 75,000 10 5 0 0 3 0 0
6 Gore Borough Council Drainage and Water Extension Redemption Loan, 1932 6,000 20 5 0 0 3 0 0
7 ,, Flood Protection Supplementary Extension Redemption Loan, 1932 1,500 7 5 0 0 12 5 0
8 South Invercargill Borough Council No. 3 Special Works Redemption Loan, 1931 4,000 26 5 0 0 2 0 0
9 Whakatane Harbour Board Capitalized Interest Renewal Loan, 1932 2,700 15 5 5 0 4 12 6
10 Timaru Borough Council Electric-power and Light Consolidated Renewal Loan, 1931 46,300 10 5 0 0 5 4 0
11 ,, Waterworks Loan No. 4 Renewal Loan, 1931 8,800 10 5 0 0 3 0 0
12 Tauranga Electric-power Board Redemption Loan, 1931 10,000 22 5 5 0 2 12 0
13 Dunedin City Council Renewal Loan, 1932 282,000 10 5 0 0 4 0 0
14 ,, Public Works Renewal Loan, 1932 78,000 10 5 0 0 3 0 0
15 ,, No. 1 Renewal Loan, 1932 47,000 10 5 0 0 2 0 0

(T. 40/416/6.) F. D. THOMSON, Clerk of the Executive Council.

Regulations under the Naval Defence Act, 1913, amended.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 31st day of August, 1931.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

IN pursuance and exercise of the powers and authorities conferred on him by section twenty-five of the Naval Defence Act, 1913, and of all other powers and authorities enabling him in that behalf, the Governor-General, with the advice of the Executive Council, doth hereby amend and supplement the regulations referred to in the Schedule hereto as shown therein.

SCHEDULE.

REGULATIONS FOR THE GOVERNMENT AND PAYMENT OF THE NEW ZEALAND DIVISION OF THE ROYAL NAVY.

CHAPTER III.—ENTRY, TRAINING, ADVANCEMENT, DISCHARGE, ETC.: MEN.

Article 51.

Cancel portion of first paragraph, commencing with word “Ratings,” in sixth line, to end of paragraph, and substitute the following:—

“Ratings may be permitted, at the discretion of the Naval Board, to re-engage for further periods of five years each but, in special cases, the Board may authorize shorter periods of re-engagement. Generally, ratings shall be compulsorily retired after twenty-two years man’s service. Subject, however, to requirements and in such exceptional cases as may be approved by the Board, ratings may be retained for further periods.

Add new paragraphs 2 and 3:—

  1. Subject to requirements and suitability for further service, ratings may be permitted to re-engage when within two years of completing their first engagement of twelve years. In such cases the period of the re-engagement will be for the unexpired portion of the current engagement plus a period of five years or such lesser period as may be approved by the Board.

  2. Where ratings are selected for the purpose of qualifying abroad for officer rank or for qualifying or requalifying abroad for certain higher substantive and non-substantive ratings, and where such ratings are within five years of completing their current engagements, the Naval Board may require these ratings to re-engage for a period covering the duration of the qualifying or re-qualifying course plus five years from the date of completion thereof.

Renumber present paragraphs 2, 3, and 4 to 4, 5, and 6 respectively.

CHAPTER XII.—TRAVELLING-EXPENSES, SUBSISTENCE, LODGING AND PROVISION ALLOWANCES.

Part II.—Lodging and Provision Allowances.

Article 301, paragraph 1: Delete the words “at the rates of 3s. 6d. per diem in the case of officers and 3s. 0d. per diem in the case of ratings,” and substitute “The rates of provision-allowance payable to officers and men are subject to periodical revision, and will be promulgated from time to time by Navy Order.”

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



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✨ LLM interpretation of page content

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

💰 Finance & Revenue
31 August 1931
Loans, Local Authorities, Sinking Fund, Interest Rates
  • F. D. Thomson, Clerk of the Executive Council

🛡️ Amendments to Regulations under the Naval Defence Act, 1913

🛡️ Defence & Military
31 August 1931
Naval Regulations, Re-engagement, Retirement, Training, Allowances
  • BLEDISLOE, Governor-General
  • F. D. Thomson, Clerk of the Executive Council