Loan Variations and Government Orders




Oct. 8.] THE NEW ZEALAND GAZETTE. 2459

And whereas the authority conferred by the said Order in Council has not yet been exercised, and it is expedient to vary certain of the determinations aforesaid in respect of the said loan:

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 vary certain of the determinations aforesaid in respect of the said loan by prescribing as follows:—

(1) In lieu of a term of thirty (30) years, as specified in clause one of the said Order in Council, the term for which the said loan or any part thereof may be raised shall not exceed twenty (20) years.

(2) In lieu of a rate of interest not exceeding three pounds ten shillings (£3 10s.) per centum per annum, as specified in clause two of the said Order in Council, the rate of interest that may be paid in respect of the said loan or any part thereof shall be such as shall not produce to the lender or lenders a rate exceeding three pounds seven shillings and sixpence (£3 7s. 6d.) per centum per annum.

(3) In lieu of making provision for the repayment of the said loan by establishing a sinking fund in respect thereof, as specified in clause three of the said Order in Council, the said local authority may raise the said loan or any portion thereof upon terms of making the same, together with interest thereon, repayable by equal aggregate annual or half-yearly instalments extending over the term of twenty (20) years, as specified in clause one hereof.

C. A. JEFFERY,
Clerk of the Executive Council.

(T. 49/18.)


Varying the Determinations in respect of Portion (£17,000) of the Dunedin City Council’s Loan of £40,000 by extending the Term within which the Loan may be raised.

C. L. N. NEWALL, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 7th day of October, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the sixteenth day of October, one thousand nine hundred and forty, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising by the Dunedin City Council (hereinafter called “the said local authority”) of the sum of forty thousand pounds (£40,000), being portion of a loan known as “Electricity Loan, 1940, £100,000”:

And whereas the authority conferred by the said Order in Council has not yet been exercised to the extent of seventeen thousand pounds (£17,000) (hereinafter called “the said sum”), and it is expedient to vary the determinations aforesaid in respect of the said sum by extending the term, as specified in clause seven of the said Order in Council, within which the said sum or any portion thereof may be raised:

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 vary the determinations aforesaid in respect of the said sum by prescribing that no moneys shall be borrowed under the consent given by the said Order in Council after the expiration of four (4) years from the date thereof.

C. A. JEFFERY,
Clerk of the Executive Council.

(T. 49/254/32.)


Varying the Determinations in respect of the Wellington City Council’s Loan of £294,000.

C. L. N. NEWALL, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 7th day of October, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS by Order in Council made on the twenty-second day of July, one thousand nine hundred and forty-two, and subject to the determinations as to borrowing and repayment therein set out, consent was given to the raising in New Zealand by the Wellington City Council (hereinafter called “the said local authority”) of a loan of two hundred and ninety-four thousand pounds (£294,000), to be known as “Wellington City Antecedent Liability Loan, 1923: Renewal Loan, 1943”:

And whereas the authority conferred by the said Order in Council has not yet been exercised, and it is expedient to vary certain of the determinations aforesaid in respect of the said loan:

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 vary the determinations aforesaid in respect of the said loan by prescribing:—

(1) In lieu of a rate of interest not exceeding three pounds ten shillings (£3 10s.) per centum per annum, as specified in clause two of the said Order in Council, the rate of interest that may be paid in respect of the said loan shall be such as shall not produce to the lender or lenders a rate exceeding three pounds five shillings (£3 5s.) per centum per annum.

(2) In lieu of repayment by equal aggregate annual or half-yearly instalments of principal and interest, as specified in clause three of the said Order in Council, the said loan shall be repaid by the annual redemption of debentures of the amounts set out in the second column of the Schedule hereto in the years set out in the first column of the said Schedule, the first such redemption to be made not later than one year after the raising of the said loan or any portion thereof.

First Column. Second Column. First Column. Second Column.
Year. Redemption. Year. Redemption.
£ £
1944 15,500 1952 20,000
1945 16,000 1953 20,700
1946 16,500 1954 21,400
1947 17,100 1955 22,100
1948 17,700 1956 22,800
1949 18,200 1957 23,500
1950 18,800 1958 24,300
1951 19,400

C. A. JEFFERY,
Clerk of the Executive Council.

(T. 49/168/85.)


Officers exempted from the Provisions of the Public Service Act, 1912.

C. L. N. NEWALL, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 30th day of September, 1942.

Present:

His Excellency the Governor-General in Council.

WHEREAS by section four of the Public Service Act, 1912, it is enacted that nothing in that Act shall apply to any officer or class of officers to whom or to which, on the recommendation of and for special reasons assigned by the Commissioner, the Governor-General in Council declares that the said Act shall not apply:

And whereas the Commissioner has recommended that the Public Service Act, 1912, should not apply to the class of officers described in the Schedule hereto for the special reasons assigned by him:

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, doth hereby declare that nothing in the Public Service Act, 1912, shall apply to the class of officers described in the Schedule hereto.


SCHEDULE.

CLASS OF OFFICERS.

Staff attached to the High Commissioner in Ottawa, Canada.

C. A. JEFFERY,
Clerk of the Executive Council.


Declaring Crown Land in the Canterbury Land District to be subject to the Land for Settlements Act, 1925.

C. L. N. NEWALL, Governor-General.

WHEREAS the land described in the Schedule hereto (hereinafter referred to as “the said land”) is Crown land not acquired under the Land for Settlements Act, 1925, but is adjacent to certain land acquired under the said Act, and known as the Rosewill Settlement and can conveniently be disposed of therewith:

Now, therefore, I, Cyril Louis Norton Newall, the Governor-General of the Dominion of New Zealand, acting in pursuance and exercise of the powers and authorities conferred upon me by section one hundred and five of the said Act, and on the recommendation of the Land Settlement Board, and after considering the report of the Canterbury District Land Board, do hereby declare the said land to be subject to the said Act, to the intent that it shall hereupon be deemed to be portion of the said Rosewill Settlement and may be disposed of accordingly.


SCHEDULE.

CANTERBURY LAND DISTRICT.

R.S. 25360, 27685, 27686, and 27922, Blocks VIII and XII, Opawa Survey District: Area, 260 acres 1 rood 37 perches. All Certificate of Title, Volume 328, folio 178, Canterbury Registry.

As witness the hand of His Excellency the Governor-General, this 5th day of October, 1942.

J. G. BARCLAY,
For the Minister of Lands.

(L. and S. 19295.)



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1942, No 91


NZLII PDF NZ Gazette 1942, No 91





✨ LLM interpretation of page content

💰 Varying Determinations for Otago Harbour Board Loan (continued from previous page)

💰 Finance & Revenue
7 October 1942
Loan variation, Otago Harbour Board, Order in Council, Loan repayment terms
  • C. A. Jeffery, Clerk of the Executive Council

💰 Varying Determinations for Dunedin City Council Loan

💰 Finance & Revenue
7 October 1942
Loan variation, Dunedin City Council, Order in Council, Loan extension
  • C. L. N. Newall, Governor-General
  • C. A. Jeffery, Clerk of the Executive Council

💰 Varying Determinations for Wellington City Council Loan

💰 Finance & Revenue
7 October 1942
Loan variation, Wellington City Council, Order in Council, Interest rate, Repayment schedule
  • C. L. N. Newall, Governor-General
  • C. A. Jeffery, Clerk of the Executive Council

🏛️ Officers Exempted from Public Service Act

🏛️ Governance & Central Administration
30 September 1942
Public Service Act, Exemption, High Commissioner, Ottawa
  • C. L. N. Newall, Governor-General
  • C. A. Jeffery, Clerk of the Executive Council

🗺️ Declaring Crown Land Subject to Land for Settlements Act

🗺️ Lands, Settlement & Survey
5 October 1942
Crown land, Land for Settlements Act, Rosewill Settlement, Canterbury Land District
  • C. L. N. Newall, Governor-General
  • J. G. Barclay, For the Minister of Lands