Page 6 Advertisements Column 6

Manawatu Standard, Volume XLIII, Issue 445, 10 July 1922, Page 6

PALMERSTON NORTH BOROUGH COUNCIL. SPECIAL ORDER AUTHORISING LOAN of £32,(100. AJOTICE IS HEREBY GIVEN IN THAT at a Special Mooting of the Palmerston Borough Council, hold on the 20th day of June, 1922, a resolution was passed:THAT in pursuance and hf exorcise of the powers vested in it by Section 6 Sub-section (1) of the Local Bodies Finance Act, 1921-22 and by the Local Bodies Loans Act, 1913, ami of all other Acts and powers (it any) it in that behalf enabling (Orders in Council in pursuance of Section 20 of the Finance Act, 1919, and Section 11 of the Finance Act, 1921, having been obtained authorising the Council to .borrow) the Palmerston North Borough Council hereby resolves by way oi Special Order as follows; 1. THAT the Council proceed to raise a loan of thirty-two thousand pounds; (£32,000) for the purpose of repaying the Council’s “Antecedent Liability" as defined by the Local Bodies Finance Act, 1921-22. 2. THAT such loan be called T)ie Palmerston North Borough Council Antecedent Liability Loan of £32,000, 1922.” 3. THAT the currency of the said loan shall be for a period of ten (10) years commencing on the first day of July, 1922, and maturing on the first day of July, 1932. 4. THAT the interest on the said loan shall be at the rate of Six Pounds (£6) per centum per annum and bo payable half-yearly on the Ist day ol January and July in each and every year. ’ , 5. THAT the form of security lor the payment of principal and interest on the said loan shall be thirty-two (32) debentures on One Thousand Pounds (£1000) each and relatives coupons in a form in conformity with the provisions of the Local Bodies. Loans Act, 1913. 6. THAT the Council doth hereby appropriate and pledge as security for the repayment of the said loan and the interest, sinking fund and other charges thereon the special rate of one half-penny (Jd) in the pound sterling on the rateable value (on the basis ol the unimproved value) of all rateable property in the whole of the Borough of Palmerston North. 7. THAT the principal and interest shall Ido payable at the Bank of New Zealand. 'Wellington. 8. THAT the cost of raising the loan and the interest and sinking fund for the first year of the said loan he paid out of the loan. AND .NOTICE IS HEREBY ALSO GIVEN that the said resolution will he submitted to an Ordinary Meeting ol the said Council, to be held at the office of the said Council, the Square, Palmerston North, on Monday, the 24th day of July, 1922, at 7.30 p.m., for confirmation as a Special Order. Dated this 21st day of Juno, 1922. J. R. HARDIE, Town Clerk.

PRACTICAL BOOK-KEEPING AND BUSINESS PRACTICE. FOR nearly twenty years Banks Commercial College Has been successtully teaching these subjects by correspondence. The course has lately been revised and printed, and bound in a handy littlb volume. The practical nature ot the tuition is evidenced by the fact that a complete set ot Books-of-Account is kept by each student. These are periodically balanced, and actual commercial forms filled in. Fee, including the necessary books, Six Guineas, instalment payments can be arranged. Enrol to-day with the largest and best known commercial college in N.Z., BANKS COMMERCIAL COLLEGE, WELLINGTON, CHRISTCHURCH AND NEW PLYMOUTH, Other courses include Accountancy, Banking, Law, Architecture, Advertising, Economics, preparation for Matriculation and Public Service Examinations. 11. AMOS, Director, A OPPORTUNITY. buy better AT OUR GREAT Mills ANNIVERSARY SALE, 19 BARGAIN WINDOWS give but a slight indication of the extrajrdinary values offering this week in ivery department.