550
THE NEW ZEALAND GAZETTE.
[No. 23

And I do also proclaim and declare that Thomas Francis Gibson, of Foxton, shall be the Returning Officer to conduct the first election of five members of the aforesaid Board; that Saturday, the twentieth day of April, one thousand eight hundred and ninety-five, shall be the day, and the Borough Council Office, Foxton, shall be the place, for holding such first elections; and that Saturday, the twenty-seventh day of April, one thousand eight hundred and ninety-five, at two o'clock in the afternoon, shall be the time, and the said Borough Council Office shall be the place, at which the first meeting of the members of the Board of the said Mukaka River District shall be held. And, lastly, I do proclaim and declare that the aforesaid Thomas Francis Gibson shall be the person to make a roll of electors for the purposes of the aforesaid first elections, in the manner prescribed by section eight of the said "River Boards Act, 1884."

FIRST SCHEDULE.

MUKAKA RIVER DISTRICT.

ALL that area in the Wellington Land District, partly in Manawatu County and partly in the Borough of Foxton, bounded towards the north generally by the road forming the southern boundaries of Sections Nos. 411, 412, 413, 414, 415, 416, and 417, Block V., Mount Robinson Survey District, and forming the southern boundaries of Sections Nos. 418, 258, and 257, Block VI., by said Section No. 257, by the road forming the southern boundary of Section No. 254, by that section and Sections Nos. 436, 435, 27, 28, 29, a road-line, and by Sections Nos. 30, 31, 32, 33, and the road forming the southern boundaries of Sections Nos. 12 and 13, Foxton-Shannon Road; thence by a line across that road and by the road forming the eastern boundaries of Sections Nos. 13 and 15, Block VI. aforesaid, and by the road forming the north-eastern boundaries of Sections Nos. 39, 36, and 35, Block VII., Mount Robinson Survey District, to the road at the south-eastern boundary of the last-mentioned section; thence by the northern side of that road to the Manawatu River; and towards the east, south, and west generally by the Manawatu River.

SECOND SCHEDULE.

WIROKINO SUBDIVISION.

BOUNDED towards the north by the road forming the southern boundaries of Sections Nos. 411, 412, 413, 414, 415, 416, and 417, Block V., Mount Robinson Survey District, and by that road continued along the southern boundary of Section No. 418, Block VI., to the western boundary-line of Section No. 434, Block V.; thence towards the east by that section, a road-line, and Section No. 535, Block IX., to the Manawatu River; and towards the south-west and west generally by the said Manawatu River.

MOUTOA SUBDIVISION.

Bounded towards the north-west generally by the road forming the southern boundary of Sections Nos. 418, 258, and 257, Block VI., Mount Robinson Survey District, by the last-mentioned section, the road forming the southern boundary of Section No. 254, by Sections Nos. 254, 436, 435, 27, 28, 29, a road-line, Sections Nos. 30, 31, 32, 33, and the road forming the southern boundaries of Sections Nos. 12 and 13, Foxton-Shannon Road, by the road forming the eastern boundaries of Sections Nos. 13 and 15, Block VI. aforesaid, and by the road forming the north-eastern boundaries of Sections Nos. 39, 36, and 35, Block VII., Mount Robinson Survey District, to the road at the south-eastern boundary of the last-mentioned section; thence by the northern side of that road to the Manawatu River, towards the east and south generally by the Manawatu River, and towards the west by Section No. 534, Block IX., a road-line, and Section No. 433, Block V., Mount Robinson Survey District aforesaid.

Given under the hand of His Excellency the Right Honourable David, Earl of Glasgow; Knight Grand Cross of the Most Distinguished Order of Saint Michael and Saint George; Governor and Commander-in-Chief in and over Her Majesty's Colony of New Zealand and its Dependencies, and Vice-Admiral of the same; and issued under the seal of the said Colony, at the Government House, at Wellington, this twenty-fifth day of March, in the year of our Lord one thousand eight hundred and ninety-five.

P. A. BUCKLEY.

GOD SAVE THE QUEEN!

Regulations reducing Rate of Interest on Common Fund, Public Trust Office.

GLASGOW, Governor.

ORDER IN COUNCIL.

At the Government Buildings, at Wellington, this nineteenth day of March, 1895.

Present:
The Honourable the Premier presiding in Council.

IN pursuance and exercise of the powers and authorities conferred by "The Public Trust Office Consolidation Act, 1894," "The Lunatics Act, 1882," and of all other powers and authorities enabling him in this behalf, His Excellency the Governor of the Colony of New Zealand, by and with the consent and advice of the Executive Council of the said colony, doth hereby revoke so much of the regulations made by an Order in Council of the twenty-third day of January, one thousand eight hundred and ninety-five, as is contained in regulation fourteen thereof: such revocation to come into force and take effect as on and from the thirty-first day of March, one thousand eight hundred and ninety-five; and by and with the consent and advice of the Executive Council as aforesaid doth hereby make the following regulation in lieu thereof, namely:—

14. For the purposes of section 29 of "The Public Trust Office Consolidation Act, 1894," on and from the 1st day of April, 1895, the interest payable to the respective estates on moneys which, belonging to the said estates or any of them, form the common fund, shall be computed at the following rates and in the following manner, namely:—

(1.) Where the moneys arising from one estate do not exceed £3,000, £4 10s. per cent. per annum.

(2.) Where the moneys arising from one estate are in excess of £3,000, £4 10s. per cent. per annum on an amount not exceeding £3,000, and £4 per cent. per annum on any amount in excess of £3,000.

Provided always,—

(a.) That, where moneys are paid to the Public Trustee, or into the Public Trust Office, for the purpose of being forthwith paid to the persons entitled, then no interest shall be payable thereon; and where any question shall arise whether any moneys come under this provision, the decision of the Public Trustee shall be conclusive:

(b.) That, where moneys in the Public Trustee's Account, forming part of a testate or intestate estate, are not payable as mentioned in paragraph (a), but are payable, or should be distributed, invested, or otherwise disposed of, in the due course of administration, then, so soon as the Public Trustee has, or should in the due course of administration have, ascertained what is the net balance to be paid, distributed, invested, or otherwise disposed of, interest shall be payable on such balance as follows:—

At the rate of £3 10s. per cent. per annum in respect of lunatic and intestate estates for all sums of £50 and upwards; and in respect of testate estates, after the rates provided by paragraphs (1) and (2) aforesaid: Provided, further, that this limitation shall not apply to the rate of interest payable to persons entitled under intestacy where such persons are minors, but such persons shall be entitled to the rates of interest as provided by paragraphs (1) and (2) hereof on all sums of £20 and upwards.

Interest shall be computed on every complete pound from the first day of the month following the day of the receipt of such moneys into the Public Trustee's Account up to the first day of the calendar month in which the capital, or interest, or both is paid to the person entitled, and shall be allowed clear of any charges for the receipt or collection thereof.

Interest shall only be payable on the capital, and shall not be computed upon interest unless where such interest is expressly directed to be accumulated and form part of the capital, and then only on an amount of £20 and upwards.

No capital moneys paid into the Consolidated Fund under section 76 of "The Public Revenues Act, 1891," shall be deemed to have borne interest while the same remained in the Public Trust Office.

ALEX. WILLIS,
Clerk of the Executive Council,