562
THE NEW ZEALAND GAZETTE.
[No. 12
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 three thousand pounds for the
purpose of forming and metalling roads in the Albert 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 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 Rodney County
Council in respect of the said loan of three thousand pounds
shall be a rate not exceeding six per centum per annum,
and the said Rodney County Council is hereby authorized
to borrow the said sum of three thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Dannevirke Electric-power
Board may borrow the Sum of £25,000, being a Further
Portion of a Loan of £175,000 authorized to be raised for
Electric Works, and also the Rate of Interest payable thereon.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 16th 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 Dannevirke Electric-power Board has
been authorized to borrow the sum of one hundred and
seventy-five thousand pounds for electric works, and is
now desirous of raising the sum of twenty-five thousand,
being a further portion of the loan of one hundred and
seventy-five 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 money
may be borrowed be twenty years, and the rate of interest
payable thereon 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 term for which the Dannevirke Electric-power Board
may borrow the said sum of twenty-five thousand pounds
shall be twenty years and the rate of interest that may be
paid thereon shall be a rate not exceeding five and three-
quartes per centum per annum, and the said Dannevirkre
Electric-power Board is hereby authorized to borrow the said
sum of twenty-five thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Henderson Town Board in respect of a Loan of £13,600,
authorized to be raised for the Improvement of the Main
Road.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 16th 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 Henderson Town Board has been authorized
to borrow the sum of thirteen thousand six hundred
pounds for the improvement of the Main Road:
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 Henderson Town
Board in respect of the said loan of thirteen thousand six
hundred pounds shall be a rate not exceeding six per centum
per annum, and the said Henderson Town Board is hereby
authorized to borrow the said sum of thirteen thousand six
hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the
Henderson Town Board in respect of a Loan of £850,
authorized to be raised for the Purchase and Improvement
of Land for Recreation Purposes.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 16th 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 Henderson Town Board has been authorized
to borrow the sum of eight hundred and fifty pounds
for the purchase and improvement of land for recreation
purposes:
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