1702
THE NEW ZEALAND GAZETTE.
No. 64

Prescribing the Rate of Interest to be paid by the Matamata County Council in respect of a Loan of £12,000 authorized to be raised for the Purchase of Plant and Machinery for Road-construction Purposes.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of July, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 Matamata County Council has been authorized to borrow the sum of twelve thousand pounds for the purpose of purchasing plant and machinery for road construction at five and a half per centum, 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 twelve 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 Matamata County Council in respect of the said twelve thousand pounds shall be five and three-quarters per centum, and the said Matamata County Council is hereby authorized to borrow the sum of twelve thousand pounds at this rate.

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

Prescribing the Rate of Interest to be paid by the Wairoa Electric-power Board in respect of £30,000, being Part of a Loan of £100,000 authorized to be raised for the Construction of Electric Transmission-lines between Waikaremoana and Wairoa.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of July, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 Wairoa Electric-power Board has been authorized to borrow the sum of one hundred thousand pounds for the construction of electric transmission-lines, and is now desirous of borrowing the sum of thirty thousand pounds, being part of the one hundred 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 thirty 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 Wairoa Electric-power Board in respect of the said thirty thousand pounds shall be five and three-quarters per centum, and the said Wairoa Electric-power Board is hereby authorized to borrow the said sum of thirty thousand pounds at this rate.

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

Prescribing the Rate of Interest to be paid by the Wairau Road Board in respect of a Loan of £2,515 authorized to be raised for paying the Board’s Share towards Capital Expenditure of the Wairau Hospital Board.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of July, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 Wairau Road Board has been authorized to borrow the sum of two thousand five hundred and fifteen pounds for the purpose of paying the Board’s share towards capital expenditure at five and one-half per centum, 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 two thousand five hundred and fifteen 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 Wairau Road Board in respect of the said two thousand five hundred and fifteen pounds shall be five and three-quarters per centum, and the said Wairau Road Board is hereby authorized to borrow the sum of two thousand five hundred and fifteen pounds at this rate.

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

Prescribing the Rate of Interest to be paid by the Kawhia County Council in respect of a Loan of £3,000 authorized to be raised for purchasing Road-making Machinery.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 4th day of July, 1921.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 Kawhia County Council has been authorized to borrow the sum of three thousand pounds for the purpose of purchasing road-making machinery at five and one-quarter per centum, 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