2878

thing to the contrary in any Act or in any rule of law, where
a local authority or public body has been authorized before
the passing of the said Act, or is thereafter authorized, to
borrow money, whether pursuant to a poll of ratepayers or
otherwise howsoever, whether the rate of interest or the term
of years of the loan was or was not specified or determined,
and such money or any part thereof has not been borrowed,
the local authority may, with the precedent consent of the
Minister of Finance, borrow such money, or such amount
thereof as has not been borrowed, at such rate of interest,
or for such term not less than ten years, as may be prescribed
by the Governor-General by Order in Council:
And whereas the New Plymouth Harbour Board has been
authorized to borrow the sum of three hundred thousand
pounds for harbour improvements at a rate of interest not
exceeding five and a half per centum per annum, and is now
desirous of borrowing the sum of two hundred and twenty-
eight thousand pounds, being the balance of the three hundred
thousand pounds, beyond New Zealand at an increased
rate of interest:
And whereas the Minister of Finance has given his pre-
cedent consent as required by the above-recited section
eleven, and it is desired that the rate of interest at which
the said two hundred and twenty-eight thousand pounds may
be borrowed be increased to not exceeding seven per centum
per annum:
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, acting by and with the advice
and consent of the Executive Council of the said Dominion,
both hereby prescribe that the rate of interest that may be
paid by the New Plymouth Harbour Board in respect of the
said two hundred and twenty-eight thousand pounds shall
be a rate not exceeding seven per centum per annum, and the
said New Plymouth Harbour Board is hereby authorized to
borrow the said sum of two hundred and twenty-eight thou-
sand pounds beyond New Zealand accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term and the Rate of Interest to be paid by the
Springs-Ellesmere Electric-power Board in respect of £10,000,
being Part of a Loan of £60,000 authorized to be raised for
erecting Reticulating-lines.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 5th day of
December, 1921.
Present :
His Excellency The Governor-General in Council.
WHEREAS section eleven of the Finance Act, 1921, as
amended by section six of the Local Bodies' Loans
Amendment Act, 1921, provides that, notwithstanding any-
thing to the contrary in any Act or in any rule of law, where
a local authority or public body has been authorized before
the passing of the said Act, or is thereafter authorized, to
borrow money, whether pursuant to a poll of ratepayers
or otherwise howsoever, whether the rate of interest or the
term of years was or was not specified or determined, and such
money or any part thereof has not been borrowed, the local
authority may, with the precedent consent of the Minister
of Finance, borrow such money, or such amount thereof
as has not been borrowed, at such rate of interest, or for such
term not less than ten years, as may be prescribed by the
Governor-General by Order in Council:
And whereas the Springs-Ellesmere Electric-power Board
has been authorized to borrow the sum of sixty thousand
pounds for a period of thirty-six and a half years for erecting
reticulating-lines, and is now desirous of borrowing ten thou-
sand pounds, being part of the sixty thousand pounds, at an
increased rate of interest and for an amended term:
And whereas the Minister of Finance has given his pre-
cedent consent as required by the above-recited section
eleven, and it is desired that the rate of interest at which the
said ten thousand pounds may be borrowed be increased to
not exceeding six and a half per centum per annum, and that
the term for which the said ten thousand pounds may be
borrowed be amended to ten years:
Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, acting by and with the advice and
consent of the Executive Council of the said dominion, doth
hereby prescribe that the rate of interest that may be paid
by the Springs-Ellesmere Electric-power Board in respect
of the said ten thousand pounds shall be a rate not exceeding
six and a half per centum, and that the term shall be ten
years, and the said Springs-Ellesmere Electric-power Board
is hereby authorized to borrow the said sum of ten thousand
pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
[No. 102

Prescribing the Rate of Interest that may be paid by the Manukau
County Council in respect of a Loan of £4,500 for erecting
County Offices.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 5th day of
December, 1921.
Present :
His Excellency The Governor-General in Council.
WHEREAS section eleven of the Finance Act, 1921, as
amended by section six of the Local Bodies' Loans
Amendment Act, 1921, provides that, notwithstanding any-
thing to the contrary in any Act or in any rule of law, where
a local authority or public body has been authorized before
the passing of the said Act, or is thereafter authorized, to
borrow money, whether pursuant to a poll of ratepayers or
otherwise howsoever, whether the rate of interest or the term
of years was or was not specified, and such money or any
part thereof has not been borrowed, the local authority may,
with the precedent consent of the Minister of Finance, borrow
such money, or such amount thereof as has not been borrowed,
at such rate of interest, or for such term not less than ten
years, as may be prescribed by the Governor-General by
Order in Council:
And whereas the Manukau County Council has been
authorized to borrow the sum of four thousand five hundred
pounds for erecting county offices at five and a half per centum
per annum, and is unable to obtain the money :
And whereas the Minister of Finance has given his pre-
cedent consent as required by the above-recited section eleven,
and it is desired that the rate of interest at which the said
loan may be borrowed be increased to not exceeding six and
a half per centum per annum :
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, acting by and with the advice
and consent of the Executive Council of the said Dominion,
doeth hereby prescribe that the rate of interest that may be
paid by the Manukau County Council in respect of the said
loan of four thousand five hundred pounds shall be a rate not
exceeding six and a half per centum per annum, and the said
Manukau County Council is hereby authorized to borrow the
said sum of four thousand five hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Auckland
Hospital Board in respect of a Loan of £5,000 authorized to
be raised for Hospital Expenditure.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 5th day of
December, 1921.
Present :
His Excellency The Governor-General in Council.
WHEREAS section eleven of the Finance Act, 1921, as
amended by section six of the Local Bodies' Loans
Amendment Act, 1921, provides that, notwithstanding any-
thing to the contrary in any Act or in any rule of law, where
a local authority or public body has been authorized before
the passing of the said Act, or is thereafter authorized, to
borrow money, whether pursuant to a poll of ratepayers or
otherwise howsoever, whether the rate of interest or the term
of years was or was not specified or determined, and such
money or any part thereof has not been borrowed, the local
authority may, with the precedent consent of the Minister of
Finance, borrow such money, or such amount thereof as has
not been borrowed, at such rate of interest, or for such term
not less than ten years, as may be prescribed by the Governor-
General by Order in Council :
And whereas the Auckland Hospital Board has been
authorized to borrow the sum of five thousand pounds for
hospital expenditure at five and a half per centum per annum,
and is unable to obtain the money at this rate :
And whereas the Minister of Finance has given his precedent
consent as required by the above-recited section eleven, and
it is desired that the rate of interest at which the said five
thousand pounds may be borrowed be increased to not exceed-
ing six and a half per centum per annum :
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, acting by and with the advice
and consent of the Executive Council of the said Dominion,
doeth hereby prescribe that the rate of interest that may be
paid by the Auckland Hospital Board in respect of the said
five thousand pounds shall be a rate not exceeding six and a
half per centum, and the said Auckland Hospital Board is
hereby authorized to borrow the said sum of five thousand
pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.