New Zealand Gazette – 1935 – No. 73

Page 2947

✨ Local Authority Loan Consents

Oct. 24.] THE NEW ZEALAND GAZETTE. 2947

(3) The said respective sums or any parts thereof together with interest thereon shall be repaid by equal aggregate annual or half-yearly instalments extending over the respective terms as determined in (1) above.

(4) The payment of such instalments shall be made in New Zealand, and no such instalment shall be paid out of loan-money.

(5) The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said respective sums or any parts thereof shall not in the aggregate exceed one-half per centum of any amount raised.

(6) No moneys shall be borrowed under this consent after the expiration of two years from the date hereof.

SCHEDULE.

First Column.	Second Column.	Third Column.	Fourth Column.	Fifth Column.	Sixth Column.	Seventh Column.
Name of	Name of Loan	Date of and Gazette reference	Amount of	Sum now	Term of	Rate of
Local Authority.	and Amount authorized.	to consenting Order in Council.	Loan	authorized to be	Loan (Years).	Interest.
				raised.
1. Waimea County	Bridges Loan, 1929,	1st June, 1929; Gazette, 1929, page 1561	£ 12,500	£ 4,500	20	£ s. d. 3 10 0
Council	£15,000
2. Whangarei Borough	Sewer Extension Loan,	9th November, 1928;	700	700	20	3 10 0
Council	1928, £49,000	Gazette, 1928, page 3289
3. Whangarei Borough	Sewerage Extension	18th August, 1930;	1,930	1,930	20	3 10 0
Council	Supplementary Loan, 1930, £4,730	Gazette, 1930, page 2646
4. South Taranaki	Special Loan, 1931,	26th January, 1932;	10,000	10,000	20	3 7 6
Electric-power Board	£30,000	Gazette, 1932, page 189
5. South Taranaki	Special Loan, 1929,	16th September, 1929;	5,000	5,000	20	3 7 6
Electric-power Board	£187,500	Gazette, 1929, page 2492

(T. 40/416/6.) C. A. JEFFERY, Clerk of the Executive Council.

Order in Council consenting to the Raising of Loans by certain Local Authorities and prescribing the Conditions thereof.

GALWAY, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 21st day of October, 1935.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the several local authorities enumerated in the Schedule hereto, being desirous of raising the respective loans stated opposite their names therein, have respectively complied with the provisions of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”), and it is expedient that the precedent consent of the Governor-General in Council, as required by the said Act, should be given to the raising of the said loans:

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 section eleven of the said Act, as set out in section twenty-nine of the Finance Act, 1932 (No. 2), and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising in New Zealand by the respective local authorities mentioned in the First Column of the said Schedule of the respective loans set out in the Second Column of the said Schedule, up to the respective amounts specified in the Third Column of the said Schedule, and in giving such consent doth hereby determine as follows:—

(1) The terms for which the said loans or any parts thereof may be raised shall be the respective terms (in years) stated in the Fourth Column of the said Schedule.

(2) The rates of interest that may be paid in respect of the said loans or any parts thereof shall be such as shall not produce to the lender or lenders a rate or rates exceeding the respective rates per centum per annum stated in the Fifth Column of the said Schedule.

(3) The said respective loans or any parts thereof, together with interest thereon, shall be repaid by equal aggregate annual or half-yearly instalments extending over the respective terms as determined in (1) above.

(4) The payment of such instalments shall be made in New Zealand, and no such instalment shall be paid out of loan-moneys.

(5) The rate payable for brokerage, underwriting, and procurement fees in respect of the raising of the said respective loans or any parts thereof shall not in the aggregate exceed one-half per centum of any amount raised.

(6) No moneys shall be borrowed under this consent after the expiration of two years from the date hereof.

SCHEDULE.

First Column.	Second Column.	Third Column.	Fourth Column.	Fifth Column.
Name of Local Authority.	Name of Loan.	Amount of Loan.	Term of Loan	Rate of
			(Years).	Interest.
		£		£ s. d.
1. Auckland Harbour Board	Redemption Loan, 1936	94,500	20	3 5 0
2. Castlepoint County Council	Workers’ Dwellings Loan, 1935	1,200	20	3 10 0
3. Havelock North Town Board	Redemption Loan, 1936	10,500	15	3 10 0

(T. 40/418/6.) C. A. JEFFERY, Clerk of the Executive Council.

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VUW Te Waharoa — NZ Gazette 1935, No 73

NZLII — NZ Gazette 1935, No 73

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✨ LLM interpretation of page content

💰 Consent to Raising of Loans by Local Authorities (continued from previous page)

Domain💰 Finance & Revenue
Dated21 October 1935
KeywordsLocal Authorities, Loans, Interest Rates, Local Government Loans Board Act
👩‍💼 Officials

C. A. JEFFERY, Clerk of the Executive Council
GALWAY, Governor-General

💰 Order in Council for Local Authority Loans

Domain💰 Finance & Revenue
Dated21 October 1935
KeywordsLocal Authorities, Loans, Interest Rates, Local Government Loans Board Act
👩‍💼 Officials

C. A. JEFFERY, Clerk of the Executive Council
GALWAY, Governor-General

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