680

THE NEW ZEALAND GAZETTE.

[No. 20

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 Christchurch City Council has been
authorized to borrow the sums of four thousand seven
hundred pounds, four hundred and fifty pounds, and two
thousand five hundred pounds for paying off certain loans
raised by the late Spreydon Borough Council for a term of
twenty-two years, and is now desirous of borrowing the sums
of three thousand six hundred and forty-seven pounds fifteen
shillings and elevenpence, two hundred and sixty-seven
pounds nineteen shillings and fourpence, and two thousand
and one pounds four shillings and one penny, being the
unraised portions of the loans of four thousand seven hundred
pounds, four hundred and fifty pounds, and two thousand
five hundred pounds for a term of fifteen years;

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 term for which the said sums of
three thousand six hundred and forty-seven pounds fifteen
shillings and elevenpence, two hundred and sixty-seven
pounds nineteen shillings and fourpence, and two thousand
one pounds four shillings and one penny may be borrowed
be reduced to fifteen 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 term for which the said sums
may be borrowed by the Christchurch City Council shall be
fifteen years, and the said Christchurch City Council is hereby
authorized to borrow the said sums of three thousand six
hundred and forty-seven pounds fifteen shillings and eleven-
pence, two hundred and sixty-seven pounds nineteen shillings
and fourpence, and two thousand and one pounds four shillings
and one penny for this term.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Ellerslie Town Board in respect of a Loan of £2,000 for
providing the Equipment for the Volunteer Fire Brigade.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 14th day of
March, 1922.

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 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, 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 Ellerslie Town Board has been authorized
to borrow the sum of two thousand pounds for providing
the equipment for the Volunteer Fire Brigade, and is unable
to obtain the money:

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 money 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,
doth hereby prescribe that the rate of interest that may be
paid by the Ellerslie Town Board in respect of the said loan
of two thousand pounds shall be a rate not exceeding six
and a half per centum per annum, and the said Ellerslie
Town Board is hereby authorized to borrow the said sum
of two thousand pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Waipawa Borough Council in respect of a Loan of £600
authorized to be raised for the erection of a Clock-tower and
the installation of a Town Clock as a permanent War
Memorial.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 14th day of
March, 1922.

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 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, 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 Waipawa Borough Council has been
authorized to borrow the sum of six hundred pounds for
the erection of a clock-tower and the installation of a town
clock as a permanent war memorial:

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 six
hundred pounds may be borrowed be increased to not
exceeding six 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,
doth hereby prescribe that the rate of interest that may be
paid by the Waipawa Borough Council in respect of the said
loan of six hundred pounds shall be a rate not exceeding
six per centum per annum, and the said Waipawa Borough
Council is hereby authorized to borrow the said sum of six
hundred pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Tauranga Borough Council in respect of a Loan of £3,000
for completing the Electrical Works in the Borough.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 14th day of
March, 1922.

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 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, 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 Tauranga Borough Council has been
authorized to borrow the sum of thirty thousand pounds
for electric-lighting purposes, and is now desirous of borrowing
an additional three thousand pounds under the authority of
section 18 of the Local Bodies' Loans Act, 1913:

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 money may
be borrowed be increased to not exceeding six 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,
doth hereby prescribe that the rate of interest that may be
paid by the Tauranga Borough Council in respect of the