Aug. 3.] THE NEW ZEALAND GAZETTE. 1945

Prescribing the Rate of Interest that may be paid by the Waitara
Borough Council in respect of a Loan of £6,800, being the
Balance of a Loan of £8,000 authorized to be raised for Electric-
lighting Purposes.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
July, 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 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 Waitara Borough Council is authorized
to borrow the sum of eight thousand pounds for electric-
lighting purposes, and is now desirous of borrowing the sum
of six thousand eight hundred pounds, being the balance of
the loan of eight thousand pounds, 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 sum of six thousand eight 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 Waitara Borough Council in respect of the said
loan of six thousand eight hundred pounds shall be a rate not
exceeding six per centum per annum, and the said Waitara
Borough Council is hereby authorized to borrow the said sum
of six thousand eight hundred pounds accordingly.

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

Prescribing the Term for which the Greytown Borough Council
may borrow the Sum of £2,500 for the Purpose of Extensions
to the Gasworks, and also the Rate of Interest payable thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
July, 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 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 Greytown Borough Council has been
authorized to borrow the sum of two thousand five hundred
pounds, for the purpose of additions to the gasworks, at a
rate of interest not exceeding five and a half per centum per
annum, and without any term being stated in the loan
proposal:

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 term for which the said
two thousand five hundred pounds may be borrowed be
ten years, and the rate of interest payable thereon be increased
to not exceeding six per centum per annum:

D

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 Greytown
Borough Council may borrow the said sum of two thousand
five hundred pounds shall be ten years, and the rate of
interest payable thereon be increased to not exceeding six
per centum per annum, and the said Greytown Borough
Council is hereby authorized to borrow the said sum of two
thousand five hundred pounds accordingly.

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

Prescribing the Term for which the Dunedin City Council may
borrow the Sum of £21,000, being Portion of a Loan of £26,000
authorized to be raised for Tramway Purposes, and also the
Rate of Interest payable thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
July, 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 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 Dunedin City Council has been authorized
by the ratepayers to borrow the sum of twenty-six thousand
pounds for tramway purposes, for a term of twenty-six years,
at four and a half per centum per annum, and now proposes
to borrow the sum of twenty-one thousand pounds (being
the balance of the twenty-six thousand pounds) for a reduced
term and 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 term for which the said twenty-one
thousand pounds may be borrowed be reduced to twelve
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 Dunedin
City Council may borrow the said sum of twenty-one thousand
pounds shall be twelve years, and the rate of interest payable
thereon shall be a rate not exceeding six per centum per annum,
and the said Dunedin City Council is hereby authorized to
borrow the said sum of twenty-one thousand pounds on these
terms.

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

Prescribing the Term for which the Opunake Electric-power
Board may borrow the Sum of £20,000, being a Further
Portion of a Loan of £70,000 authorized to be raised for
Hydro-electric Works, and also the Rate of Interest payable
thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
July, 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 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 deter-
mined, and such money or any part thereof has not been