632

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 Stratford County Council has been

authorized to borrow the sum of seven hundred pounds for the

purpose of deviating and metalling the Kaiapoi 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 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 Stratford County

Council in respect of the said loan of seven hundred pounds

shall be a rate not exceeding six per centum per annum,

and the said Stratford County Council is hereby authorized

to borrow the said sum of seven hundred pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council

Prescribing the Rate of Interest that may be paid by the Strat-

ford County Council in respect of a Loan of £700, authorized

to be raised for the Purpose of extending the Metalling of

Toko Road.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 23rd 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, 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 Stratford County Council has been

authorized to borrow the sum of seven hundred pounds for

the purpose of extending the metalling of Toko 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 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 Stratford County

Council in respect of the said loan of seven hundred pounds

shall be a rate not exceeding six per centum per annum, and

the said Stratford County Council is hereby authorized to

borrow the said sum of seven hundred pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Term for which the South Canterbury Electric-

power Board may borrow the Sum of £20,000, being a

Further Portion of a Loan of £40,000 authorized to be

raised for Electric Works in the Waimate Borough Special

Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 23rd day of

February, 1925.

Present:

HIS EXCELLENCEY THE GOVERNOR-GENERAL 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 pre-

scribed by the Governor-General by Order in Council:

And whereas the South Canterbury Electric-power Board

has been authorized to borrow the sum of forty thousand

pounds for electric works in the Waimate Borough Special

Area for a term of thirty-six and a half years, and is now

desirous of raising the sum of twenty thousand pounds,

being a further portion of the loan of forty 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 twenty

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 South Canterbury Electric-power Board

may borrow the said sum of twenty thousand pounds shall

be ten years, and the said South Canterbury Electric-power

Board is hereby authorized to borrow the said sum of twenty

thousand pounds for this term.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Hutt

County Council in respect of a Loan of £20,750, being a Por-

tion of a Loan of £45,000 authorized to be raised for the Con-

struction and Reconstruction of Main Roads and Main High-

ways, and all Works incidental thereto, and the Purchase of

the Necessary Machinery therefor.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 23rd day of

February, 1925.

Present:

HIS EXCELLENCEY THE GOVERNOR-GENERAL 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 Hutt County Council has been authorized

to borrow the sum of forty-five thousand pounds for the con-

struction and reconstruction of main roads and main high-

ways, and all works incidental thereto, and the purchase of

the necessary machinery therefor, and is now desirous of rais-

ing the sum of twenty thousand seven hundred and fifty

pounds, being a portion of the loan of forty-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 rate of interest at which the money may

be borrowed 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 Hutt County Council in re-

spect of the said loan of twenty thousand seven hundred and

fifty pounds shall be a rate not exceeding six per centum per

annum, and the said Hutt County Council is hereby authorized

to borrow the said sum of twenty thousand seven hundred

and fifty pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.