970

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 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 ten thousand pounds,
being a further 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 ten
thousand pounds may be borrowed be increased to 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 Rangitikei County Council in respect of the
said ten thousand pounds shall be a rate not exceeding six
per centum per annum, and the said Rangitikei County
Council is hereby authorized to borrow the said sum of ten
thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the In-
vercargill Borough Council in respect of £26,900, being the
Balance of Tramway Loan No. 5, £50,000, and £26,700,
being the Balance of a Public-works Loan of £29,760.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day
of March, 1922.

Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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 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 Invercargill Borough Council has been
authorized to borrow the sums of fifty thousand pounds
(Tramways Loan No. 5) and twenty-nine thousand seven
hundred and sixty pounds (Public-works Loan, 1919), and
is now desirous of borrowing the sums of twenty-six thousand
nine hundred pounds and twenty-six thousand seven hundred,
being the balances of the above loans, 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
sums of twenty-six thousand nine hundred pounds and
twenty-six thousand seven hundred 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 Invercargill Borough Council in respect of the
sums of twenty-six thousand nine hundred pounds and
twenty-six thousand seven hundred pounds shall be a rate
not exceeding six and a half per centum per annum, and the
said Invercargill Borough Council is hereby authorized to
borrow the said sums of twenty-six thousand nine hundred
pounds and twenty-six thousand seven hundred pounds
accordingly.

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

No. 25

Prescribing the Rate of Interest that may be paid by the Pal-
merston North Borough Council in respect of a Loan of
£10,500 authorized to be raised for purchasing Additional
Buses, Petrol, Appliances, &c.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day
of March, 1922.

Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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 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 Palmerston North Borough Council is
authorized to borrow the sum of ten thousand five hundred
pounds for purchasing additional buses, petrol appliances,
erecting shelter-sheds, and enlarging and extending the bus-
barn, and is now desirous of borrowing the money 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 loan of ten thousand five hundred 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 Palmerston North Borough Council in respect
of the said loan of ten thousand five hundred pounds shall
be a rate not exceeding six and a half per centum, and the
said Palmerston North Borough Council is hereby authorized
to borrow the said sum of ten thousand five hundred pounds
accordingly.

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

Prescribing the Rate of Interest that may be paid by the Pal-
merston North Borough Council in respect of a Loan of
£23,000 authorized to be raised for Sewerage-works.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 25th day
of March, 1922.

Present:
THE RIGHT HONOURABLE W. F. MASSEY, P.C., PRESIDING
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 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 Palmerston North Borough Council has
been authorized to borrow the sum of twenty-three thousand
pounds for sewerage-works:

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
sum of twenty-three 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,