2976

THE NEW ZEALAND GAZETTE.

[No. 85

Prescribing the Rate of Interest that may be paid by the Taumarunui Borough Council in respect of a Loan of £7,000, being a Portion of a Loan of £11,000 authorized to be raised for Electric Works.

ROBERT STOUT,
Administrator of the Government.
ORDER IN COUNCIL.
At the Government House at Wellington, this 8th day of December, 1924.
Present:
HIS EXCELLENCY THE ADMINISTRATOR 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 Taumarunui Borough Council has been authorized to borrow the sum of eleven thousand pounds for electric works, and is now desirous of raising the sum of seven thousand pounds, being a portion of the loan of eleven 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 Administrator of the Government 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 seven thousand pounds shall be at a rate not exceeding six per centum per annum, and the said Taumarunui Borough Council is hereby authorized to borrow the said sum of seven thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

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 Administrator of the Government 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 Waipukurau Borough Council in respect of the said loan of two hundred and fifty pounds shall be a rate not exceeding six per centum per annum, and the said Waipukurau Borough Council is hereby authorized to borrow the said sum of two hundred and fifty pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the Waipukurau Borough Council in respect of a Loan of £250, authorized to be raised for the Purpose of completing the Additional Work in connection with the Erection of the Municipal Buildings.

ROBERT STOUT,
Administrator of the Government.
ORDER IN COUNCIL.
At the Government House at Wellington, this 8th day of December, 1924.
Present:
HIS EXCELLENCE THE ADMINISTRATOR 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 Waipukurau Borough Council has been authorized to borrow the sum of two thousand five hundred pounds for additional work in connection with the erection of the municipal buildings, and is now desirous of borrowing an additional sum of two hundred and fifty pounds under the authority of section eighteen of the Local Bodies' Loans Act, 1913, for the purpose of completing the additional work in connection with the erection of the municipal buildings:

Prescribing the Term for which the Central Electric-power Board may borrow the Sum of £10,000, being the Balance of a Loan of £200,000 authorized to be raised for Electric Works.
ROBERT STOUT,
Administrator of the Government.
ORDER IN COUNCIL.
At the Government House at Wellington, this 8th day of December, 1924.
Present:
HIS EXCELLENG THE ADMINISTRATOR 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 Central Electric-power Board has been authorized to borrow the sum of two hundred thousand pounds for electric works, and is now desirous of raising the sum of ten thousand pounds, being the balance of the loan of two hundred 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 ten thousand pounds may be borrowed be thirty-two years:
Now, therefore, His Excellency the Administrator of the Government 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 Central Electric-power Board may borrow the said sum of ten thousand pounds shall be thirty-two years, and the said Central Electric-power Board is hereby authorized to borrow the said sum of ten thousands pounds for this term.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Wanganui City Council may borrow the Sum of £15,000, being the Balance of a Loan of £50,000 aut.orized to be raised by the late Gonville Town Board for Drainage, Water-supply Extensions, and Streets-construction, and also the Rate of Interest payable thereon.
ROBERT STOUT,
Administrator of the Government.
ORDER IN COUNCIL.
At the Government House at Wellington, this 8th day of December, 1924.
Present:
HIS EXCELLENGY THE ADMINISTRATOR 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, to borrow money, whether pursuant to a poll of