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New Zealand Legislation: Acts

Acts are laws made by Parliament

Immigration and Public Works Loan Act 1873

Public Act	1873 No 49
Date of assent	30 September 1873

Contents

Preamble

2 Appointment of Agents

3 Loan of two millions authorized for certain purposes

4 Power of Agents. Agents to prescribe mode conditions and terms of repayment

5 Annual charge not to exceed 6 per cent, including sinking fund (if any)

6 Pending raising Loan, short-dated debentures may be issued

7 Rate of interest, etc, of short-dated debentures

8 Times and places of payment of short-dated debentures

9 Short-dated debentures may be accepted in payment for debentures issued for raising Loan

10 Re-issue of short-dated debentures

11 The amount outstanding at one time on ordinary and short-dated debentures not to exceed £2,000,000

12 Debentures not to be sold at price to give interest at higher rate than 6 per cent

13 Money borrowed and interest charged on Consolidated Fund

14 Application of money borrowed

15 Agents authorized to delegate powers

16 Removal of Agents

18 Previous securities not to be affected

19 Loan authorized by this Act for railways may be applied to purposes to which guaranteed portion of Public Works Loan is applicable

20 Guaranteed portion of Public Works Loan applicable to purposes authorized by this Act for railways

21 Such amounts may be raised under The Immigration and Public Works Loan Act 1870, [Repealed] and this Act, as required to meet authorized payments

An Act to authorize the raising of Money for Railways and Purchase of Maori Land.

The word “Maori” was substituted, as from 27 November 1947, for the word “Native” pursuant to section 2(2) Maori Purposes Act 1947 (1947 No 59).

Preamble
WHEREAS it is expedient to raise a Loan in addition to that authorized by The Immigration and Public Works Loan Act, 1870, (hereafter called the said Loan Act,) and for like purposes: And whereas it is expedient that power should be given to expend any part of the guaranteed portion of the Loan authorized to be raised by the said Loan Act on the Railways on which the Loan authorized by this Act may be expended, and that power should be given to expend any part of that portion of the Loan authorized to be raised by this Act, which may be expended on Railways, on the purposes on which may be expended the said guaranteed portion of the Loan authorized to be raised under the said Loan Act:

BE IT THEREFORE ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—