JULY 31.] THE NEW ZEALAND GAZETTE. 1773

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 Ashburton Borough Council has been
authorized to borrow the sum of seven thousand pounds for
the purpose of extending the high-pressure water-supply to
the Hampstead Area, and is now desirous of raising the sum
of six thousand five hundred pounds, being a portion of the
loan of 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 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 Ashburton
Borough Council in respect of the said loan of six thousand
five hundred pounds shall be a rate not exceeding six per
centum per annum, and the said Ashburton Borough Council
is hereby authorized to borrow the said sum of six thousand
five hundred pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the Tau-
marunui Borough Council in respect of a Loan of £1,000,
being a Further Portion of a Loan of £32,000 authorized to be
raised for the Purpose of constructing and improving Streets.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of
July, 1924.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing 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 there-
after 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 Taumarunui Borough Council has been
authorized to borrow the sum of thirty-two thousand pounds
for the purpose of constructing and improving streets, and
is now desirous of raising the sum of one thousand pounds,
being a further portion of the loan of thirty-two thousand
pounds :

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 Taumarunui
Borough Council in respect of the said loan of one thousand
pounds shall be a rate not exceeding six per centum per annum,
and the said Taumarunui Borough Council is hereby autho-
rized to borrow the said sum of one thousand pounds accord-
ingly.

F. D. THOMSON,
Clerk of the Executive Council

B

Prescribing the Rate of Interest that may be paid by the Otaki
Borough Council in respect of a Loan of £2,200, authorized to
be raised for the Purpose of completing Waterworks Installa-
tion.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of
July, 1924.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing 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 there-
after 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 Otaki Borough Council has been autho-
rized to borrow the sum of twenty-two thousand pounds for
the purpose of waterworks installation, and is now desirous
of borrowing an additional sum of two thousand two hundred
pounds under the authority of section eighteen of the Local
Bodies’ Loans Act, 1913, for the purpose of completing
waterworks installation :

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

F. D. THOMSON.
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 £7,000, being the
Balance of a Loan of £22,000 authorized to be raised for the
Purpose of installing High-pressure Water-supply.

JELLICOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 28th day of
July, 1924.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section eleven of the Finance Act, 1921,
and its amendments, it is provided that, notwith-
standing 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 there-
after 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 Otaki Borough Council has been autho-
rized to borrow the sum of twenty-two thousand pounds
for the purpose of installing high-pressure water-supply, and
is now desirous of raising the sum of seven thousand pounds,
being the balance of the loan of twenty-two 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 rate of interest at which the money may
be borrowed be not exceeding six per centum per annum :