2978

THE NEW ZEALAND GAZETTE.

[No. 85

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 Ashburton Electric-power Board may borrow the said sum of one hundred and eighty-three 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 Ashburton Electric-power Board is hereby authorized to borrow the said sum of one hundred and eighty-three thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Avondale Borough Council in respect of a Loan of £15,000, authorized to be raised for Sewerage-works.

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, 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 Avondale Borough Council has been authorized to borrow the sum of fifteen thousand pounds for sewerage-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 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 Avondale Borough Council in respect of the said loan of fifteen thousand pounds shall be a rate not exceeding six per centum per annum, and the said Avondale Borough 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 Otanomomo River and Drainage Board may borrow the Sum of £1,100, authorized to be raised for repairing Damage caused by Floods, 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, 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 Otanomomo River and Drainage Board has been authorized to borrow the sum of one thousand one hundred pounds for repairing damage caused by floods:

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 years, and the rate of interest payable thereon be not exceeding six per centum per annum:

Now, therefore, His Excellency the Administrator of the Government 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 Otanomomo River and Drainage Board may borrow the said sum of one thousand one hundred pounds shall be thirty-six 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 Otanomomo River and Drainage Board is hereby authorized to borrow the said sum of one thousand one hundred pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Taumarunui Borough Council in respect of a Loan of £5,000, being a Further Portion of a Loan of £32,000 authorized to be raised for constructing and improving Streets.

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 thirty-two thousand pounds for constructing and improving streets, and is now desirous of raising the sum of five thousand pounds, being a further portion of the loan of thirty-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:

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 five thousand pounds shall be a rate not exceeding six per centum per annum, and the said Taumarunui Borough Council is hereby authorized to borrow the said sum of five thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the Taumarunui Borough Council in respect of a Loan of £3,000, being a Portion of a Loan of £6,000 authorized to be raised for River-bank Protection-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