1870
THE NEW ZEALAND GAZETTE.
[No. 56

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 Hastings Borough Council has been
authorized to borrow the sum of four thousand pounds for
the renewal of a loan :

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

F. D. THOMSON,
Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the Mount
Albert Borough Council in respect of a Loan of £11,000
authorized to be raised for constructing an Overhead Bridge
at Kingsland, &c.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of
July, 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 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 Mount Albert Borough Council has been
authorized to borrow the sum of eleven thousand pounds for
constructing an overhead bridge at Kingsland, laying out
certain roadways and the erection of footbridges over the
railway-line at Onslow and Edendale Roads :

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

F. D. THOMSON,
Clerk of the Executive Council

Prescribing the Term for which the Whangarei County Council
may borrow the Sum of £8,000 authorized to be raised for
the Formation and Metalling of the Whangarei–Whangarei
Heads Road, and also the Rate of Interest payable thereon.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of
July, 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 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 Whangarei County Council has been
authorized to borrow the sum of eight thousand pounds for
the formation and metalling of the Whangarei–Whangarei
Heads Road :

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 thirty-six and a half years, and the rate of interest
payable thereon be not exceeding five and three-quarters 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 Whangarei County Council may borrow the
said sum of eight thousand pounds shall be thirty-six and a
half years, and the rate of interest that may be paid shall be
a rate not exceeding five and three-quarters per centum per
annum, and the said Whangarei County Council is hereby
authorized to borrow the said sum of eight thousand pounds
accordingly.

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

Prescribing the Term for which the Hamilton Borough Council
may borrow the Sum of £5,000, being the Balance of a Loan
of £7,000 authorized to be raised for Drainage and Sanita-
tion Works.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of
July, 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 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 Hamilton Borough Council has been
authorized to borrow the sum of seven thousand pounds for
drainage and sanitation works, and is now desirous of borrow-
ing five thousand pounds, being the balance of the seven
thousand pounds :

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 increased to thirty-six and a
half 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 Hamilton Borough Council may borrow the
said sum of five thousand pounds shall be thirty-six and a
half years, and the said Hamilton Borough Council is hereby
authorized to borrow the said sum of five thousand pounds
for this term.

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