3398

THE NEW ZEALAND GAZETTE

[No. 85

shall be a rate not exceeding six per centum per annum, and
the said Taranaki County Council is hereby authorized to
borrow the said sum of seven hundred and fifty pounds ac-
cordingly.

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

Prescribing the Rate of Interest that may be paid by the Te Rapa
Drainage Board in respect of a Loan of £500, authorized to be
raised for carrying out Works in the No. 3 Special-rating Area.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 30th day
of November, 1925.

Present:

THE HONOURABLE J. G. COATES PRESIDING 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 Te Rapa Drainage Board has been autho-
rized to borrow the sum of five hundred pounds for carrying
out works in the Number Three 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 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 Te Rapa Drainage Board
in respect of the said loan of five hundred pounds shall be a
rate not exceeding six per centum per annum, and the said
Te Rapa Drainage Board is hereby authorized to borrow the
said sum of five hundred pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the
Queenstown Borough Council in respect of a Loan of
£1,200, authorized to be raised for the Purpose of complet-
ing the Hydro-electric Scheme.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 30th day
of November, 1925.

Present:

THE HONOURABLE J. G. COATES PRESIDING 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 Queenstown Borough Council has been
authorized to borrow the sum of one thousand two hundred
pounds for the purpose of completing the hydro-electric
scheme:

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

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

Prescribing the Rate of Interest that may be paid by the Mac-
kenzie County Council in respect of a Loan of £300, autho-
rized to be raised for the Construction of Telephone-lines to
Irishman's Creek and Balmoral Stations.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 30th day
of November, 1925.

Present:

THE HONOURABLE J. G. COATES PRESIDING 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 Mackenzie County Council has been autho-
rized to borrow the sum of three hundred pounds for the
construction of telephone-lines to Irishman's Creek and Bal-
moral Stations:

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

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

Prescribing the Rate of Interest that may be paid by the Palmer-
ston North Borough Council in respect of a Loan of £2,088,
authorized to be raised for the Purpose of paying a Proportion
of the Cost of completing the Manawatu Gorge Road.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 30th day
of November, 1925.

Present:

THE HONOURABLE J. G. COATES PRESIDING 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: