New Zealand Gazette – 1954 – No. 64

Page 1630

✨ Loan Consents



  1. The payment of interest and repayment of principal
    in respect of the said loan shall be made in New Zealand.
  2. No amount payable either as interest or as principal
    shall be paid out of loan money.
  3. The rate payable for brokerage, underwriting, and
    procuration fees in respect of the raising of the said loan
    or any part thereof shall not in the aggregate exceed one-half
    per cent of any amount raised.
  4. No money shall be borrowed under this consent after
    the expiration of two years from the date hereof.
    T. J. SHERRARD, Clerk of the Executive Council.
    (T. 49/133/20)
    Consenting to the Raising of a Loan of £20,200 by the Auckland City Council and Prescribing the Conditions Thereof
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government House at Wellington this 29th day of
    September 1954
    Present:
    HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
    WHEREAS the Auckland City Council (hereinafter called
    the said local authority), being desirous of raising a loan
    of twenty thousand two hundred pounds, to be known as
    Acquisition of Properties Loan 1954 (hereinafter called the
    said loan), for the purpose of purchasing properties in Bright
    Street, Eden Terrace, and in Wynyard Street and Alten Road,
    Grafton, and meeting the cost of raising the loan, has com-
    plied 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 loan:
    Now, therefore, pursuant to section 11 of the said Act,
    as set out in section 29 of the Finance Act 1932 (No. 2), His
    Excellency the Governor-General, acting by and with the
    advice and consent of the Executive Council, hereby consents
    to the raising in New Zealand by the said local authority of
    the said loan for the said purpose up to the amount of twenty
    thousand two hundred pounds, and in giving such consent
    hereby determines as follows:
  5. The term for which the said loan or any part thereof
    may be raised shall not exceed ten years.
  6. 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 or rates exceeding four per
    cent per annum.
  7. The said loan or any part thereof shall be repaid by
    equal half-yearly instalments of principal extending over the
    term as determined in clause 1 hereof.
  8. The payment of interest and the repayment of principal
    in respect of the said loan shall be made in New Zealand.
  9. No amount payable either as interest or as principal
    in respect of the said loan shall be paid out of loan money.
  10. The rate payable for brokerage, underwriting, and
    procuration fees in respect of the raising of the said loan
    or any part thereof shall not in the aggregate exceed one-
    half per cent of any amount raised.
  11. No money shall be borrowed under this consent after
    the expiration of two years from the date hereof.
    T. J. SHERRARD, Clerk of the Executive Council.
    (T. 49/121/92)
    Consenting to the Raising of Loans by Certain Local Authorities and Prescribing the Conditions Thereof
    C. W. M. NORRIE, Governor-General
    ORDER IN COUNCIL
    At the Government House at Wellington this 6th day of October 1954
    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, pursuant to section 11 of the said Act, as set out in section 29 of the Finance Act 1932 (No. 2), His Excellency the
    Governor-General, acting by and with the advice and consent of the Executive Council, hereby consents 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 hereby
    determines as follows:
  12. The terms for which the said loans or any parts thereof may be raised shall not exceed the respective terms (in years) stated in the
    fourth column of the said Schedule.
  13. The rate 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 four per cent per annum.
  14. 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 clause 1 hereof.
  15. The payment of all such instalments shall be made in New Zealand, and no such instalment shall be paid out of loan money.
  16. The rate payable for brokerage, underwriting, and procuration fees in respect of the raising of the said respective loans or any
    parts thereof shall not in the aggregate exceed one-half per cent of any amount raised.
  17. No money 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
    Name of Local Authority Name of Loan Amount of Loan Term of Loan
    (Years)
    Awatere County Council Housing Loan 1954 £16,000 25
    Buller Hospital Board Boiler House Loan 1954 £40,000 20
    Castlepoint County Council Tinui Water Supply Loan 1954 £4,000 20
    Green Valley Rabbit Board Housing Loan 1954 £2,700 20
    Hutt County Council Point Howard Fire Station Supplementary Loan 1954 £280 10
    Paeroa Borough Council Water Reticulation Improvement Loan 1953, £42,000 £5,000 25
    Taihape Borough Council Housing Loan 1954 £7,500 30
    Tararua Electric Power Board Akitio Reticulation Loan (No. 2) 1954 £2,500 20
    T. J. SHERRARD, Clerk of the Executive Council.
    (T. 40/416/6)


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✨ LLM interpretation of page content

💰 Auckland City Council loan consent (continued from previous page)

💰 Finance & Revenue
29 September 1954
Loan consent, Auckland City Council, finance, conditions, interest rates, loan amount
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council

💰 Loan consents for multiple local authorities

💰 Finance & Revenue
6 October 1954
Loan consents, local authorities, schedule, finance, conditions, executive council
  • C. W. M. NORRIE, Governor-General
  • T. J. SHERRARD, Clerk of the Executive Council