JUNE 30.] THE NEW ZEALAND GAZETTE. 1649

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 Rangitikei County Council has been authorized to borrow the sum of forty thousand pounds for the formation and metalling of roads, the erection of bridges, and the acquisition of machinery and plant, and is now desirous of borrowing the sum of twenty thousand pounds, being part of the forty thousand pounds, at an increased rate of interest:

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 twenty thousand pounds may be borrowed be increased to five and three-quarters per centum:

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 Rangitikei County Council in respect of the said twenty thousand pounds shall be five and three-quarters per centum, and the said Rangitikei County Council is hereby authorized to borrow the said sum of twenty thousand pounds at this rate.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest to be paid by the Onehunga Borough Council in respect of £5,000, being Part of a Loan of £35,000 authorized to be raised for Concrete Road Formation.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 20th day of June, 1921.

Present:

THE HONOURABLE SIR F. H. D. BELL, K.C.M.G.,
PRESIDING IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, provides that, notwithstanding anything 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, at a specified rate of interest, or for a specified term exceeding ten years, 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 Onehunga Borough Council has been authorized to borrow thirty-five thousand pounds, and is now desirous of borrowing five thousand pounds, being part of the thirty-five thousand pounds, at an increased rate of interest:

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 six per centum:

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 Onehunga Borough Council in respect of the said five thousand pounds shall be six per centum, and the said Onehunga Borough Council is hereby authorized to borrow the said sum of five thousand pounds at this rate.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest to be paid by the Dargaville Borough Council in respect of £5,838, being Part of a Loan of £31,855 authorized to be raised for various Improvements and Purchase of Machinery.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 20th day of June, 1921.

Present:

THE HONOURABLE SIR F. H. D. BELL, K.C.M.G.,
PRESIDING IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, provides that, notwithstanding anything 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, at a specified rate of interest, or for a specified term exceeding ten years, 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 Dargaville Borough Council has been authorized to borrow the sum of thirty-one thousand eight hundred and fifty-five pounds for various improvements and the purchase of machinery, and is now desirous of borrowing five thousand eight hundred and thirty-eight pounds, being part of the thirty-one thousand eight hundred and fifty-five pounds, at an increased rate of interest:

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 eight hundred and thirty-eight pounds may be borrowed be increased to five and three-quarters per centum:

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 Dargaville Borough Council in respect of the loan of five thousand eight hundred and thirty-eight pounds shall be five and three-quarters per centum, and the said Dargaville Borough Council is hereby authorized to borrow the sum of five thousand eight hundred and thirty-eight pounds at this rate.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest to be paid by the Auckland Harbour Board in respect of £150,000, being Part of a Loan of £1,000,000 authorized to be raised for certain Harbour Works.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 20th day of June, 1921.

Present:

THE HONOURABLE SIR F. H. D. BELL, K.C.M.G.,
PRESIDING IN COUNCIL.

WHEREAS section eleven of the Finance Act, 1921, provides that, notwithstanding anything 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, at a specified rate of interest, or for a specified term exceeding ten years, 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 Harbour Board is empowered under section three of the Auckland Harbour Board Loan and Empowering Act, 1919, to borrow the sum of one million pounds at such rate of interest as will produce to the lender a return not exceeding five and a half per centum per annum, and is now desirous of borrowing one hundred and fifty thousand pounds, being part of the one million pounds, at an increased rate of interest:

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 one hundred and fifty thousand pounds may be borrowed be altered to six and a half per centum without any reference to the return to the lender:

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 Auckland Harbour Board in respect of the said one hundred and fifty thousand pounds and not the return to the lender shall be six and a half per centum, and the Auckland Harbour Board is hereby authorized to borrow the said sum of one hundred and fifty thousand pounds at this rate.

C. A. JEFFERY,
Acting Clerk of the Executive Council.