Mar. 16.] THE NEW ZEALAND GAZETTE. 681

loan of three thousand pounds shall be a rate not exceeding six per centum per annum, and the said Tauranga Borough Council is hereby authorized to borrow the said sum of three thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Nelson City Council in respect of a loan of £70,000 authorized to be raised for providing an Electric Steam Plant and Electric Reticulation.

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 Nelson City Council has been authorized to borrow the sum of seventy thousand pounds for providing an electric steam plant and electric reticulation, 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 said seventy thousand pounds 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 Nelson City Council in respect of the said loan of seventy thousand pounds shall be a rate not exceeding six and a half per centum, and the said Nelson City Council is hereby authorized to borrow the said sum of seventy thousand pounds accordingly.

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

Prescribing the Term for which the Christchurch City Council may borrow the Sum of £7,000 authorized to be raised for Sanitary Works.

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 Christchurch City Council has been authorized to borrow the sum of seven thousand pounds for the purpose of sanitary works for a term of thirty-two years, and is unable to obtain the money for this term:

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 seven thousand pounds 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 Christchurch City Council may borrow the said sum of seven thousand pounds shall be fifteen years, and the said Christchurch City Council is hereby authorized to borrow the said sum of seven thousand pounds for this term.

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

Prescribing the Term for which the Gore Borough Council may raise a Loan of £2,000 for Flood-protection Works and also the Rate of Interest payable thereon.

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 Gore Borough Council has been authorized to borrow the sum of twenty thousand pounds for flood-protection works for a term of twenty-one years and at five and a quarter per centum interest, and is now desirous of borrowing a supplementary loan of two thousand pounds under the authority of section eighteen of the Local Bodies’ Loans Act, 1913, for a lesser term and 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 term for which the said two thousand pounds may be borrowed be reduced to ten years and the rate of interest payable thereon 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 term for which the Gore Borough Council may borrow the said sum of two thousand pounds be reduced to ten years, and the rate of interest payable thereon be increased to not exceeding six per centum, and the said Gore Borough Council is hereby authorized to borrow the said sum of two thousand pounds accordingly.

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

Vesting a Reserve in the Kaitieke County Council.

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 the land described in the Schedule hereto has been permanently reserved for a site for a roadman’s cottage: And whereas it is expedient to vest the said reserve in the Chairman, Councillors, and Inhabitants of the Kaitieke County:

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, and in exercise of the powers and authorities conferred upon him by the fourth section of the Public Reserves and Domains Act, 1908, doth hereby declare that, from and after the day of the date hereof, the reserve described in the Schedule hereto shall become vested in the Chairman, Councillors, and Inhabitants of the Kaitieke County, in trust, for a roadman’s cottage site.

SCHEDULE.

WELLINGTON LAND DISTRICT.

Section 3, Block X, Kaitieke Survey District: Area, 2 acres.

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