1458

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 Hamilton Borough Council has been
authorized to borrow the sum of eighty thousand pounds
for the improvement of streets and footpaths, erection of
sanitary conveniences, &c., and is now desirous of raising the
sum of twenty-nine thousand, being a further portion of the
loan of eighty thousand 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 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 Hamilton Borough Council
in respect of the said loan of twenty-nine thousands pounds
shall be a rate not exceeding six per centum per annum, and
the said Hamilton Borough Council is hereby authorized to
borrow the said sum of twenty-nine thousand pounds accordingly.

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

Prescribing the Term for which the Kamo Town Board may
borrow the Sum of £240, being a Portion of a Loan of £300,
authorized to be raised for the Purpose of extending the Electrical Reticulation to the Kamo Springs Special-rating Area,
and also the Rate of Interest payable thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 Kamo Town Board has been authorized
to borrow the sum of three hundred pounds for the purpose
of extending the electrical reticulation to the Kamo Springs
Special-rating Area, and is now desirous of raising the sum
of two hundred and forty pounds, being a portion of the
loan of three hundred 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 money may be
borrowed be thirty-six and a half years, and the rate of
interest payable thereon 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 term
for which the Kamo Town Board may borrow the said sum
of two hundred and forty pounds shall be thirty-six and a
half years and the rate of interest that may be paid thereon
shall be a rate not exceeding six per centum per annum, and
the said Kamo Town Board is hereby authorized to borrow
the said sum of two hundred and forty pounds accordingly.

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

[No. 42

Prescribing the Term for which the Wanganui Borough Council
may borrow the Sum of £12,000, authorized to be raised for
the Purpose of extending and constructing Sanitary Works,
and also the Rate of Interest payable thereon.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 Wanganui Borough Council has been
authorized to borrow the sum of twelve thousand pounds for
the purpose of extending and constructing sanitary works:
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 twenty 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 Wanganui Borough Council may borrow the said
sum of twelve thousand pounds shall be twenty years, and
the rate of interest that may be paid thereon shall be a rate
not exceeding five and three-quarters per centum per annum,
and the said Wanganui Borough Council is hereby authorized
to borrow the said sum of twelve thousand pounds accordingly.

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 a Loan of £100, authorized to be
raised for the Purpose of completing the metalling of the Road
from Ness Valley to Te Kawakawa Bay.

JELLICOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 9th day
of June, 1924.
Present:
THE HONOURABLE SIR FRANCIS BELL PRESIDING 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 Manukau County Council has been authorized
to borrow the sum of one thousand pounds for the purpose
of metalling the road from Ness Valley to Te Kawakawa, and
is now desirous of borrowing an additional sum of one hundred
pounds under the authority of section eighteen of the Local
Bodies' Loans Act, 1913:
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