Skip to main content

New Zealand Loan (Guarantee) Bill

Volume 202: debated on Friday 1 July 1870

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Resolution reported;

"That it is expedient to authorise the Commissioners of Her Majesty's Treasury to guarantee the payment of the principal and interest of a Loan of £1,000,000 sterling, such interest not to exceed the rate of four per centum per annum, to be contracted by the Government of New Zea- land for the construction in that Country of Roads, Bridges, and communications, and for the introduction of Settlers into the said Country; and to make provision for the payment, out of the Consolidated Fund, of such sum or sums of money as shall be required from time to time for giving effect to the said Guarantee."
Resolution agreed to:—Bill ordered to be brought in by Mr. DODSON, Mr. MONSELL, Mr. CHANCELLOR of the EXCHEQUER, and Mr. STANS-FELD.
Bill presented, and read the first time. [Bill 190.]

And it being now Seven of the clock, the Sitting was suspended.

resumed the Chair at Nine of the clock. Notice taken, that 40 Members were not present; House counted, and 40 Members not being present—

House adjourned at five minutes after Nine o'clock till Monday next.