634

Area for a term of thirty-six and a half years, and is now
desirous of raising the sum of twenty-five thousand pounds,
being a portion of the loan of one hundred and five 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 said
twenty-five thousand pounds may be borrowed be twenty
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-five thousand pounds
shall be twenty years, and the said South Canterbury Electric-
power Board is hereby authorized to borrow the said sum of
twenty-five thousand pounds for this term.

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

Prescribing the Term for which the South Canterbury Electric-
power Board may borrow the Sum of £50,000, being a Further
Portion of a Loan of £105,000 authorized to be raised for
Electric Works in the Geraldine Special Area.

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 South Canterbury Electric-power Board
has been authorized to borrow the sum of one hundred and
five thousand pounds for electric works in the Geraldine
Special Area for a term of thirty-six and a half years, and
is now desirous of raising the sum of fifty thousand pounds,
being a further portion of the loan of one hundred and 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 said fifty 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 fifty thousand pounds shall be ten
years, and the said South Canterbury Electric-power Board
is hereby authorized to borrow the said sum of fifty thousand
pounds for this term.

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

Prescribing the Rate of Interest that may be paid by the Thames
Borough Council in respect of a Loan of £575, authorized to
be raised for completing certain Public Works.

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 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 speci-
fied 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 Thames Borough Council has been autho-
rized to borrow the sum of six thousand five hundred pounds
for the acquisition of lands required for approach roads,
fencing, forming, and metalling such roads, constructing
bridges and culverts, and other works in connection therewith,
erecting cottage, outbuildings, and fences at municipal
abattoir, and is now desirous of borrowing an additional sum
of five hundred and seventy-five pounds under the authority
of section eighteen of the Local Bodies' Loans Act, 1913, for
the purpose of completing the undertaking:

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 Thames Borough
Council in respect of the said loan of five hundred and seventy-
five pounds shall be a rate not exceeding six per centum
per annum, and the said Thames Borough Council is hereby
authorized to borrow the said sum of five hundred and seventy-
five pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the
Whangarei Borough Council in respect of a Loan of £400,
authorized to be raised for the Purpose of completing the
Waterworks-extensions.

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 Whangarei Borough Council has been
authorized to borrow the sum of five thousand eight hundred
and sixty pounds for waterworks-extensions, and is now
desirous of borrowing an additional sum of four hundred
pounds under the authority of section eighteen of the Local
Bodies' Loans Act, 1913, for the purpose of completing the
undertaking:

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 Whangarei Borough Council
in respect of the said loan of four hundred pounds shall be a
rate not exceeding five and three-quarters per centum per
annum, and the said Whangarei Borough Council is hereby
authorized to borrow the said sum of four hundred pounds
accordingly.

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