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 Hawke's Bay Rivers Board has been
authorized to borrow the sum of one thousand five hundred
and eighty pounds for paying off unpaid purchase-money on
land, as provided by section thirty-nine of the Finance Act,
1921–22:
And whereas the Minister of Finance has given his prece-
dent 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 not exceeding six per centum per annum:
Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance and exercise of
the power and authority vested in him as aforesaid, and
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 Hawke's Bay Rivers
Board in respect of the said loan of one thousand five hundred
and eighty pounds shall be a rate not exceeding six per centum
per annum, and the said Hawke's Bay Rivers Board is hereby
authorized to borrow the said sum of one thousand five hundred
and eighty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Uawa County Council may
borrow the Sum of £15,000, being Part of a Loan of £104,455
authorized to be raised for Roading and Bridging, pur-
chasing Plant, Erection of Offices, &c.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 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 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 Uawa County Council has been autho-
rized to borrow the sum of one hundred and four thousand
four hundred and fifty-five pounds for roading and bridging,
purchasing plant, erection of offices, &c., for a term of thirty-
six and a half years, and now proposes to borrow fifteen
thousand pounds (being a portion of the one hundred and
four thousand four hundred and fifty-five pounds) for a term
of twenty years:
And whereas the Minister of Finance has given his preceden
t consent as required by the above-recited section eleven, and
it is desired that the term for which the said fifteen thousand
pounds may be borrowed be amended to twenty years:
Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, in pursuance and exercise of the
power and authority vested in him as aforesaid, and 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 Uawa County Council may borrow the said sum
of fifteen thousand pounds shall be twenty years, and the
Uawa County Council is hereby authorized to borrow the said
sum of fifteen thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Dargaville Borough Council
may borrow the Sum of £9,145 for erecting Municipal Offices
and Library, and also the Rate of Interest payable thereon.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 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 de-
termined, and such money or any part thereof has not been
borrowed, the local authority may, with the precedent con-
sent 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 Dargaville Borough Council has been
authorized to borrow the sum of nine thousand one hundred
and forty-five pounds for erecting municipal offices and
library, for a term of thirty-six and a half years, and with-
out any rate of interest being stated in the loan proposal:
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 money may be
borrowed be reduced to ten years, and the rate of interest
payable thereon be not exceeding six per centum per annum:
Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, in pursuance and exercise of the
power and authority vested in him as aforesaid, and 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 Dargaville Borough Council may borrow the
said sum of nine thousand one hundred and forty-five pounds
shall be ten years, and the rate of interest payable thereon
shall be a rate not exceeding six per centum per annum, and
the said Dargaville Borough Council is hereby authorized to
borrow the said sum of nine thousand one hundred and
forty-five pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Whangaroa County Council in respect of a Loan of £2,815
authorized to be raised for liquidating its Antecedent Liability.
JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 26th day
of September, 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 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 how-
soever, 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 Whangaroa County Council has been
authorized to borrow the sum of two thousand eight hundred
and fifteen pounds for the purpose of liquidating its ante-
cedent liability:
And whereas the Minister of Finance has given his preced-
ent 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 not exceeding six per centum per annum: