518

THE NEW ZEALAND GAZETTE.

[No. 16

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 Piako County Council has been authorized
to borrow the sum of six thousand pounds for metalling
certain roads in the North Walton Road Special Rating Area:

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 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 Piako County Council in
respect of the said loan of six thousand pounds shall be a rate
not exceeding six per centum per annum, and the said Piako
County Council is hereby authorized to borrow the said sum
of six thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Mount
Roskill Road Board in respect of a Loan of £4,000 for Water-
reticulation.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 12th day of
February, 1923.

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 Mount Roskill Road Board is authorized
to borrow the sum of four thousand pounds for water-
reticulation:

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 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 Mount Roskill
Road Board in respect of the said loan of four thousand
pounds shall be a rate not exceeding six per centum per
annum, and the said Mount Roskill Road Board is hereby
authorized to borrow the said sum of four thousand pounds
accordingly.

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

Prescribing the Term for which the Hobson County Council
may borrow the Sum of £5,000, being Part of a Loan of £6,000
authorized to be raised for Drainage-works in the Kaihu
Valley, and also the Rate of Interest payable thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 12th day of
February, 1923.

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 Hobson County Council has been authorized
to borrow the sum of six thousand pounds for drainage-
works in the Kaihu Valley for a term of thirty-six and a half
years, and is now desirous of borrowing the sum of five
thousand pounds, being a part of the said six thousand pounds,
for a reduced 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 five thousand
pounds may be borrowed be reduced to twenty 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, 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 Hobson County Council may borrow the said
sum of five thousand pounds shall be twenty years, and the
rate of interest payable thereon shall be a rate not exceeding
six per centum per annum, and the Hobson County Council
is hereby authorized to borrow the said sum of five thousand
pounds accordingly.

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

Prescribing the Term for which the Springs-Ellesmere Electric-
power Board may borrow the sum of £5,000, being Portion
of a Loan of £60,000 authorized to be raised for erecting
Transmission-lines and other Purposes.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 12th day of
February, 1923.

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 Springs-Ellesmere Electric-power Board
has been authorized to borrow the sum of sixty thousand
pounds for erecting transmission-lines and other purposes,
for a term of thirty-six and a half years, and now proposes
to borrow the sum of five thousand pounds (being part of the
sixty thousand pounds) for a term of ten 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
five thousand pounds may be borrowed be reduced to ten
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 Springs-Ellesmere Electric-power
Board may borrow the said sum of five thousand pounds
shall be ten years, and the said Springs-Ellesmere Electric-
power Board is hereby authorized to borrow the said sum
of five thousand pounds accordingly.

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