2126
THE NEW ZEALAND GAZETTE.
[No. 53

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 Piako County Council has been authorized
to borrow the sum of three thousand pounds for the purpose
of metalling Valley and Mount Roads for a term of thirty-
six and a half years :

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 money
may be borrowed be amended to 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 Piako County Council may borrow the sum
of three thousand pounds shall be twenty years, and the
said Piako 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 Piako County Council may
borrow the Sum of £13,150, authorized to be raised for the
Purpose of forming and metalling Roads.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 20th day of
July, 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 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 Piako County Council has been authorized
to borrow the sum of thirteen thousand one hundred and fifty
pounds for the purpose of forming and metalling roads for a
term of thirty-six and a half years :

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 money
may be borrowed be amended to 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 Piako County Council may borrow the
said sum of thirteen thousand one hundred and fifty pounds
shall be twenty years, and the said Piako County Council
is hereby authorized to borrow the said sum of thirteen
thousand one hundred and fifty pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the
Auckland Electric-power Board in respect of a Loan of
£60,000, authorized to be raised for the Purpose of completing
Electric Works.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House, at Wellington, this 20th day of
July, 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 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 Auckland Electric-power Board has been
authorized to borrow the sum of six hundred thousand
pounds for electric works, and is now desirous of borrowing
an additional sum of sixty thousand 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 Auckland Electric-
power Board in respect of the said loan of sixty thousand
pounds shall be a rate not exceeding five and three-quarters
per centum per annum, and the said Auckland Electric-
power Board is hereby authorized to borrow the said sum of
sixty thousand pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the
Taumarunui Borough Council in respect of a Loan of
£3,000, being the Balance of a Loan of £6,000 authorized
to be raised for River-bank Protection-works.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington this 20th day of
July, 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
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 Taumarunui Borough Council has been
authorized to borrow the sum of six thousand pounds for
river-bank protection-works, and is now desirous of raising
the sum of three thousand pounds, being the balance of the
loan of six 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 if 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 Taumarunui
Borough 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 Taumarunui Borough Council is hereby
authorized to borrow the said sum of three thousand pounds
accordingly.

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