2490

THE NEW ZEALAND GAZETTE.

No. 61

Prescribing the Rate of Interest that may be paid by the Te Awamutu Electric-power Board in respect of a Loan of £8,000, authorized to be raised for Electric Works in the Kiokio Special-rating Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 25th day of August, 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 Te Awamutu Electric-power Board has been authorized to borrow the sum of eight thousand pounds for electric works in the Kiokio Special-rating Area : 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 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 Te Awamutu Electric-power Board in respect of the said loan of eight thousand pounds shall be a rate not exceeding six per centum per annum, and the said Te Awamutu Electric-power Board is hereby authorized to borrow the said sum of eight thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Dannevirk Borough Council in respect of a Loan of £10,000, being a Portion of a Loan of £15,000 authorized ro be raised for the Construction of Streets.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 25th day of August, 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 Dannevirk Borough Council has been authorized to borrow the sum of fifteen thousand pounds for the construction of streets, and is now desirous of raising the sum of ten thousand pounds being a portion of the loan of fifteen 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 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 Dannevirk Borough Council in respect of the said loan of ten thousand pounds shall be a rate not exceeding six per centum per annum, and the said Dannevirk Borough Council is hereby authorized to borrow the said sum of ten thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Rangiora County Council in respect of a Loan of £1,000, being the Balance of a Loan of £15,000 authorized to be raised for Electrical Reticulation.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 25th day of August, 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 Rangiora County Council has been authorized to borrow the sum of fifteen thousand pounds for electrical reticulation, and is now desirous of raising the sum of one thousand pounds, being the balance of the loan of fifteen 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 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

F. D. THOMSON,

Clerk of the Executive Council.