✨ Loan Determinations Variation
1896
THE NEW ZEALAND GAZETTE.
[No. 49
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 House at Wellington, this 21st day of June, 1939.
Present:
His Excellency the Governor-General 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. |
| Buller County Council .. | County Offices Loan, 1938 .. | 17th August, 1938, £3,800 .. | £ |
| Buller County Council .. | Road Improvements Loan, 1938 | 22nd June, 1938, £14,000 .. | 8,000 |
| Dannevirke Electric-power Board .. | Reticulation Loan, 1938 .. | 15th March, 1939, £35,000 .. | 35,000 |
| North Canterbury Electric-power Board .. | Reticulation Extension Loan, 1938 | 27th July, 1938, £25,000 .. | 4,600 |
| Kaikoura County Council .. .. | Electric - light Improvement Loan, 1938 | 30th November, 1938, £3,500 | 3,500 |
(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 House at Wellington, this 21st day of June, 1939.
Present:
His Excellency the Governor-General 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. |
| Lawrence Borough Council ... | Waterworks Loan, 1937 .. | 15th March, 1939, £1,500 .. | £ |
| North Auckland Electric-power Board .. | Reticulation Loan, 1938 .. | 14th February, 1939, £100,000 | 85,000 |
| Waipawa Borough Council .. .. | Picture Theatre Loan, 1939 | 19th April, 1939, £4,000 .. | 4,000 |
(T. 40/416/6.)
C. A. JEFFERY, Clerk of the Executive Council.
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VUW Te Waharoa —
NZ Gazette 1939, No 49
NZLII —
NZ Gazette 1939, No 49
✨ LLM interpretation of page content
💰 Variation of Determinations for Buller County Council and Other Local Authorities Loans
💰 Finance & Revenue21 June 1939
Loan variation, Interest rate, Local authorities, Buller County Council, Dannevirke Electric-power Board, North Canterbury Electric-power Board, Kaikoura County Council
- C. A. Jeffery, Clerk of the Executive Council
💰 Variation of Determinations for Lawrence Borough Council and Other Local Authorities Loans
💰 Finance & Revenue21 June 1939
Loan variation, Interest rate, Local authorities, Lawrence Borough Council, North Auckland Electric-power Board, Waipawa Borough Council
- C. A. Jeffery, Clerk of the Executive Council