New Zealand Gazette – 1939 – No. 45

Page 1816

✨ Loan Repayment Variations

1816
THE NEW ZEALAND GAZETTE.
[No. 45

SCHEDULE.

First Column.	Second Column.	Third Column.	Fourth Column.	Fifth Column.
Name of Local Authority.	Name of Loan.	Date of Consenting Order in Council and Amount thereby authorized.	Sum in respect of which Terms of Repayment are hereby varied.	Half-yearly Instalment.
			£	£ s. d.
Whangarei Hospital Board	Building Extension Additional Loan, 1938	21st April, 1938, £7,000	7,000	244 16 1
Timaru Borough Council	Timaru Water Supply Loan, 1938	23rd February, 1938, £72,300	15,000	524 11 8

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

Varying the Determinations in respect of Loans or Portions thereof being raised by certain Local Authorities.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 9th day of June, 1939.

Present:

THE RIGHT HON. M. J. SAVAGE PRESIDING IN COUNCIL.

WHEREAS by Orders in Council made on the respective dates specified in the Third Column of the Schedule hereto, consent was given to the raising by the respective local authorities enumerated in the First Column of the said Schedule of the respective loans stated in the Second Column of the said Schedule, subject in each case to the determinations set forth in such Orders in Council:

And whereas in respect of the amount of each such loan the sum specified in the Fourth Column of the said Schedule opposite such loan (hereinafter referred to as “the said sum”) has not yet been raised, and it is expedient to vary the determinations in respect of each such loan in so far as such determinations apply to the raising of the said sum:

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 Local Government Loans Board Act, 1926, 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 in respect of each loan referred to in the Schedule hereto vary certain of the aforesaid determinations in respect of the raising of such loan in so far as such determinations apply to the raising of the said sum by prescribing that in lieu of the rate of interest of three pounds ten shillings (£3 10s.) per centum per annum specified in the Order in Council authorizing the raising of such loan the rate of interest that may be paid in respect of the said sum shall be such as shall not produce to the lender or lenders a rate exceeding four pounds five shillings (£4 5s.) per centum per annum.

SCHEDULE.

First Column.	Second Column.	Third Column.	Fourth Column.
Name of Local Authority.	Name of Loan.	Date of Consenting Order in Council and Amount thereby authorized.	Sum in respect of which Rate of Interest is hereby varied.
			£
Timaru Borough Council	Timaru Water Supply Loan, 1938	23rd February, 1938, £72,300	3,100
Green Island Borough Council	Drainage and Sewerage Supplementary Loan, 1939	28th February, 1939, £1,000	1,000
Matamata County Council	Tokoroa Memorial Hall Loan, 1938	10th January, 1939, £350	350
Auckland Transport Board	Transport Consolidated Redemption Loan, 1938	20th July, 1938, £500,000	491,300

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

Varying the Determinations in respect of Loans or Portions thereof being raised by certain Local Authorities.

GALWAY, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 9th day of June, 1939.

Present:

THE RIGHT HON. M. J. SAVAGE PRESIDING IN COUNCIL.

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VUW Te Waharoa — NZ Gazette 1939, No 45

NZLII — NZ Gazette 1939, No 45

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✨ LLM interpretation of page content

💰 Variation of Loan Repayment Terms for Local Authorities (continued from previous page)

Domain💰 Finance & Revenue
Dated9 June 1939
KeywordsLoans, Local Authorities, Repayment Terms, Local Government Loans Board Act 1926
👩‍💼 Officials

C. A. Jeffery, Clerk of the Executive Council
Galway, Governor-General
The Right Hon. M. J. Savage

💰 Variation of Interest Rates for Local Authority Loans

Domain💰 Finance & Revenue
Dated9 June 1939
KeywordsLoans, Interest Rates, Local Authorities, Local Government Loans Board Act 1926
👩‍💼 Officials

C. A. Jeffery, Clerk of the Executive Council
Galway, Governor-General
The Right Hon. M. J. Savage

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