2512

THE NEW ZEALAND GAZETTE.

[No. 17

for which the Palmerston North Borough Council may borrow the said sum of twenty-five thousand pounds shall be twenty years, and the said Palmerston North Borough Council is hereby authorized to borrow the said sum of twenty-five thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Paeroa Borough Council in respect of £4,000, being Part of a Loan of £11,250, authorized to be raised for Street-improvements.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of September, 1923.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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 as may be prescribed by the Governor-General by Order in Council:
And whereas the Paeroa Borough Council has been authorized to borrow the sum of eleven thousand two hundred and fifty pounds for street-improvements at a rate of interest not exceeding five and a half per centum per annum, and is now desirous of borrowing four thousand pounds, being part of the loan of eleven thousand two hundred and fifty 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 four thousand pounds may be borrowed be increased to 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 rate of interest that may be paid by the Paeroa Borough Council in respect of the said sum of four thousand pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Paeroa Borough Council is hereby authorized to borrow the said sum of four thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Eketahuna Borough Council in respect of a Loan of £3,000, authorized to be raised for purchasing a Site and erecting thereon Municipal Buildings.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of September, 1923.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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 as may be prescribed by the Governor-General by Order in Council:
And whereas the Eketahuna Borough Council has been authorized to borrow the sum of three thousand pounds for purchasing a site and erecting thereon municipal buildings:
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 Eketahuna 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 Eketahuna 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 Eketahuna Borough Council in respect of a Loan of £350 for purchasing Stone-crushing Machinery.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of September, 1923.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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 as may be prescribed by the Governor-General by Order in Council:
And whereas the Eketahuna Borough Council has been authorized to borrow the sum of three hundred and fifty pounds for purchasing stone-crushing machinery:
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 Eketahuna Borough Council in respect of the said loan of three hundred and fifty pounds shall be a rate not exceeding six per centum per annum, and the said Eketahuna Borough Council is hereby authorized to borrow the said sum of three hundred and fifty pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Kairanga County Council in respect of a Loan of £665, authorized to be raised for paying its Contribution towards the Widening and Improving of the Manawatu Gorge Road.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of September, 1923.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS by section eleven of the Finance Act, 1921, and its amendments, it is provided 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