1974

And whereas the South Canterbury Electric-power Board
has been authorized to borrow the sum of forty thousand
pounds for electric works, for a term of thirty-six and a
half years, and is now desirous of raising the sum of five
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 five 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 five thousand pounds
shall be ten years, and the said South Canterbury Electric-
power Board is hereby authorized to borrow the said sum of
five thousand pounds for this term.

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

Prescribing the Rate of Interest that may be paid by the
Northcote Borough Council in respect of a Loan of £5,000,
being a Further Portion of a Loan of £26,500 authorized to
be raised for the Installation of Drainage System.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of
June, 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Northcote Borough Council has been
authorized to borrow the sum of twenty-six thousand five
hundred pounds for the installation of a drainage system,
and is now desirous of raising the sum of five thousand pounds,
being a further portion of the loan of twenty-six thousand
five hundred 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 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 Northcote
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 Northcote 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 Hobson
County Council in respect of a Loan of £700, authorized to
be raised for the Purpose of forming and metalling Mount
Wesley Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of
June, 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Hobson County Council has been
authorized to borrow the sum of seven hundred pounds for
the purpose of forming and metalling Mount Wesley 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 Hobson 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 Hobson 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 Rotorua
Borough Council in respect of a Loan of £3,200, authorized
to be raised for the Purpose of erecting Workers' Dwellings.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of
June, 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 autho-
rized before the passing of the said Act, or is thereafter autho-
rized, to borrow money, whether pursuant to a poll of rate-
payers 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 Rotorua Borough Council has been autho-
rized to borrow the sum of three thousand two hundred pounds
for the purpose of erecting workers' dwellings:

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 Rotorua Borough Council
in respect of the said loan of three thousand two hundred pounds
shall be a rate not exceeding six per centum per annum, and
the said Rotorua Borough Council is hereby authorized to
borrow the said sum of three thousand two hundred pounds
accordingly.

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

Prescribing the Rate of Interest that may be paid by the Mount
Albert Borough Council in respect of a Loan of £20,000,
being a Further Portion of a Loan of £100,000 authorized
to be raised for Roadworks and the Purchase of Plant.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of
June, 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