Feb. 12.] THE NEW ZEALAND GAZETTE. 523

And whereas the Whangarei Borough Council has been authorized to borrow the sum of twenty-five thousand seven hundred and fifty pounds for improvement of streets for a term of twenty years, and is now desirous of raising the sum of eight thousand pounds, being a portion of the loan of twenty-five thousand seven hundred and fifty 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 eight thousand pounds may be borrowed be ten years :

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 Whangarei Borough Council may borrow the said sum of eight thousand pounds shall be ten years, and the said Whangarei Borough Council is hereby authorized to borrow the said sum of eight thousand pounds for this term.

F. D. THOMSON,
Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the South Invercargill Borough Council in respect of a Loan of £8,500, authorized to be raised for the Purpose of paying off an Existing Loan.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of February, 1925.

Present :

His Excellency the Governor-General 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 South Invercargill Borough Council has been authorized to borrow the sum of eight thousand five hundred pounds for the purpose of paying off an existing loan :

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 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 rate of interest that may be paid by the South Invercargill Borough Council in respect of the said loan of eight thousand five hundred pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said South Invercargill Borough Council is hereby authorized to borrow the said sum of eight thousand five hundred pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Rodney County Council in respect of a Loan of £5,000, authorized to be raised for the Purchase of Machinery and Roadmaking-plant, and the Formation and Metalling of Roads in the Aria Riding.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of February, 1925.

Present :

His Excellency the Governor-General 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 Rodney County Council has been authorized to borrow the sum of five thousand pounds for the purchase of machinery and roadmaking-plant and the formation and metalling of roads in the Arai Riding :

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 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 rate of interest that may be paid by the Rodney County Council in respect of the said loan of five thousand pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Rodney County Council is hereby authorized to borrow the said sum of five thousand pounds accordingly.

F. D. THOMSON,
Clerk of the Executive Council.

Opening Settlement Lands in Otago Land District for Selection.

CHARLES FERGUSSON, Governor-General.

IN pursuance and exercise of the powers and authorities conferred upon me by the Land Act, 1924, and the Land for Settlements Act, 1908, and amendments, I, General Sir Charles Fergusson, Baronet, Governor-General of the Dominion of New Zealand, do hereby declare that the settlement lands described in the Schedule hereto shall be open for selection on renewable lease on Thursday, the twenty-sixth day of March, one thousand nine hundred and twenty-five; at the rentals mentioned in the said Schedule; and I do also declare that the said lands shall be leased under and subject to the provisions of the said Acts.

SCHEDULE.

OTAGO LAND DISTRICT.—SETTLEMENT LAND.—FIRST-CLASS LAND.

Tuapeka County.—Benger and Teviot Survey Districts. Teviot Settlement.

Sections 3s and 22s: Area, 2,151 acres 0 roods 12 perches. Capital value, £6,400. Renewable lease: Half-yearly rent, £144.

Sections 7s and 21s: Area, 1,878 acres. Capital value, £4,900. Renewable lease: Half-yearly rent, £110 5s.

Sections 32s and 35s: Area, 1,361 acres 2 roods. Capital value, £6,290. Renewable lease: Half-yearly rent, £141 10s. 6d.

IMPROVEMENTS.

The improvements included in the capital values of the sections consist of boundary and subdivisional fencing valued as follows: Sections 3s and 22s, £560; Sections 7s and 21s, £372; Sections 32s and 35s, £439.

The improvements not included in the capital values but which have to be paid for separately are,—

Sections 3s and 22s: Hut on sledge between cookhouse and stone building now on Section 10s; valued at £7, payable in cash. This hut must be removed by the lessee of Allotments 3s and 22s at his own expense on to his holding. The lessee will also be required to take one-twelfth share of miscellaneous license over Section 2, Block XXIII, Teviot District, the area of which is 77 acres, and the total annual rental £5, and to pay in cash £50, being one-twelfth share with the lessees of Runs 603, 638 to 644 and Allotments 7s, 8s, and 32s in huts, dip yards, also bridge over the Teviot River.

Sections 7s and 21s: Old smithy and shed now on Section 10s; valued at £15, payable in cash. This building must be removed by the lessee of Allotments 7s and 21s at his own expense on to his holding. The lessee will also be required to take one-twelfth share of miscellaneous license over Section 2, Block XXIII, Teviot District, the area of which is 77 acres and the total annual rental £5, and to pay in cash £50, being one-twelfth share with the lessees of Runs 603, 638 to 644, and Allotments 3s, 8s, and 32s, in huts, dip, yards, also bridge over the Teviot River.