DEC. 18.]
THE NEW ZEALAND GAZETTE.

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 Gonville Town Board was authorized to
borrow the sum of fifty thousand pounds for a term of thirty-
six and a half years for the purpose of drainage, water-supply
extensions, and streets-construction, of which sum thirty-five
thousand pounds has been raised:
And whereas the Gonville Town District has been merged
within the boundaries of the City of Wanganui:
And whereas the Wanganui City Council now proposes to
borrow the sum of fifteen thousand pounds, being the balance
of the aforesaid loan of fifty 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 term for which the money
may be borrowed be ten years, and the rate of interest payable
thereon be not exceeding five and three-quarters 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 term for which the Wanganui City Council
may borrow the said sum of fifteen thousand pounds shall be
ten 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 City Council is hereby
authorized to borrow the said sum of fifteen thousand pounds
accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Wanganui-Rangitikei
Electric-power Board may borrow the Sum of £150,000,
authorized to be raised for Electric Works, 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 EXCELLENCY THE ADMINISTRATOR PRESIDING 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 Wanganui-Rangitikei Electric-power
Board has been authorized to borrow the sum of one hundred
and fifty thousand pounds for electric works:
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 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 five and three-
quarters 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 term for which the Wanganui-Rangitikei
Electric-power Board may borrow the said sum of one hundred
and fifty thousand 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 five and three-quarters per centum per
annum, and the said Wanganui-Rangitikei Electric-power
Board is hereby authorized to borrow the said sum of one
hundred and fifty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

2977

Prescribing the Rate of Interest that may be paid by the Waipa
County Council in respect of a Loan of £2,500, authorized
to be raised for the Purpose of constructing Roads.
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, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Waipa County Council has been authorized
to borrow the sum of two thousand five hundred pounds for
the purpose of constructing roads:
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 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
Waipa County Council in respect of the said loan of two
thousand five hundred pounds shall be a rate not exceeding
six per centum per annum, and the said Waipa County Council
is hereby authorized to borrow the said sum of two thousand
five hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Ashburton Electric-power
Board may borrow the Sum of £183,000, being the Balance
of a Loan of £296,500 authorized to be raised for Electric
Works, and also the Rate of Interest payable thereon.
ROBERT STOUT
Administrator of the Government.
ORDER IN COUNCIL,
At the Government House at Wellington, this 12th 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, notwith-
standing anything to the contrary in any Act or in any rule
of law, where a local authority or public body has been autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers or otherwise howsoever, whether the rate of interest
or the term of years of the loan was or was not speci-
fied or determined, and such money or any part thereof has
not been borrowed, the local authority may, with the pre-
cedent 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 Electric-power Board has been
authorized to borrow the sum of two hundred and ninety-
six thousand five hundred pounds for electric works, and is
now desirous of raising the sum of one hundred and eighty-
three thousand pounds, being the balance of the loan of two
hundred and ninety-six thousand five 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 bor-
rowed be ten years, and the rate of interest payable thereon
be not exceeding five and three-quarters per centum per
annum:
Now, therefore, His Excellency the Administrator of the
Government of the Dominion of New Zealand, in pursuance