38
THE NEW ZEALAND GAZETTE.
[No. 2

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

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Auckland City Council in respect of £100,000, being the
Balance of a Loan of £500,000 authorized to be raised for
certain Purposes.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 19th day
of December, 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 Auckland City Council is authorized
under the Auckland City Loans Consolidation and Empowering
Act, 1921, to borrow the sum of five hundred thousand
pounds at such rate or rates of interest as may from time to
time be fixed by the Governor-General by Order in Council
under section eleven of the Finance Act, 1921, and is now
desirous of borrowing the sum of one hundred thousand
pounds, being the balance of the five hundred thousand
pounds, at a rate of interest not exceeding six per centum
per annum :

And whereas the Minister of Finance has given his prece-
dent consent as required by the above-recited section eleven :
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 Auckland City
Council in respect of the said one hundred thousand pounds
shall be a rate not exceeding six per centum per annum, and
the said Auckland City Council is hereby authorized to
borrow the said sum of one hundred thousand pounds accord-
ingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Avondale Borough Council in respect of a Loan of £6,000
authorized to be raised for the Purchase of Roadmaking
Machinery, &c.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 19th day
of December, 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 deter-
mined, 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 Avondale Borough Council has been
authorized to borrow the sum of six thousand pounds for
the purchase of roadmaking machinery, &c. :

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 Avondale Borough
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 Avondale Borough Council is hereby authorized
to borrow the said sum of six thousand pounds accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Inglewood
Borough Council in respect of a Loan of £3,000 authorized to
be raised for reconstructing and making Additions to the
Electric-light Installation and purchasing Plant and Material
therefor.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 19th day
of December, 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 Inglewood Borough Council has been
authorized to borrow the sum of three thousand pounds
for reconstructing and making additions to the electric-
light installation and purchasing plant and material therefor :

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

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Otaki
Borough Council in respect of a Loan of £14,000 authorized
to be raised for the Installation of a Sewerage System.

JELLICOE, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 19th day
of December, 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-