SEPT. 6.] THE NEW ZEALAND GAZETTE. 2339

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 Tamaki West Road Board has been authorized to borrow the sum of twelve thousand pounds for electric light extension, for a term of thirty-six and a half years, and now proposes to borrow the sum of five thousand pounds (being a portion of the twelve 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 thirty-six and a half years, and the rate of interest payable thereon be not exceeding five and a half 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 Tamaki West Road Board may borrow the said sum of five thousand pounds shall be thirty-six and a half years, and the rate of interest payable thereon shall be a rate not exceeding five and a half per centum per annum, and the said Tamaki West Road Board is hereby authorized to borrow the said sum of five thousand pounds on these terms.

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

Prescribing the Term for which the Hutt Valley Electric-power Board may borrow the Sum of £130,000, being Portion of a Loan of £200,000 authorized to be raised for the Distribution of Electrical Energy.

JELLI COE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 3rd day of September, 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 Hutt Valley Electric-power Board has been authorized to borrow the sum of two hundred thousand pounds for the distribution of electrical energy, for a period of not more than forty years, and now proposes to borrow the sum of one hundred and thirty thousand pounds (being part of the two hundred thousand pounds) for a term of forty 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 one hundred and thirty thousand pounds may be borrowed be forty 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 Hutt Valley Electric-power Board may borrow the said sum of one hundred and thirty thousand pounds shall be forty years, and the Hutt Valley Electric-power Board is hereby authorized to borrow the said sum of one hundred and thirty thousand pounds for this term.

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

Prescribing the Rate of Interest that may be paid by the Manukau County Council in respect of £2,750, being Part of a Loan of £3,500 authorized to be raised for the Purchase of a Site and the Erection of a Public Hall, and the Purchase of a Recreation-ground, &c.

JELLI COE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 3rd day of September, 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 Manukau County Council has been authorized to borrow the sum of three thousand five hundred pounds for the purchase of a site and the erection of a public hall and the purchase of a recreation-ground, &c., and is now desirous of borrowing two thousand seven hundred and fifty pounds, being part of the loan of three thousand five hundred pounds, 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 rate of interest at which the said two thousand seven hundred and fifty 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, 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 Manukau County Council in respect of the said sum of two thousand seven hundred and fifty pounds shall be a rate not exceeding six per centum per annum, and the said Manukau County Council is hereby authorized to borrow the said sum of two thousand seven hundred and fifty pounds accordingly.

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

Prescribing the Term for which the Manukau County Council may borrow the Sum of £125 authorized to be raised for completing the Formation and Metalling of a Portion of Redoubt Road, and also the Rate of Interest payable thereon.

JELLI COE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 3rd day of September, 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 Manukau County Council has been authorized to borrow the sum of one thousand two hundred and fifty pounds for the formation and metalling of a portion of Redoubt Road, for a term of thirty-six and a half years, and is now desirous of raising a supplementary loan of one