Dec. 17.] THE NEW ZEALAND GAZETTE. 3399
And whereas the Palmerston North Borough Council has been authorized to borrow the sum of two thousand and eighty-eight pounds for the purpose of paying a proportion of the cost of completing the Manawatu Gorge 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 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 Palmerston North Borough Council in respect of the said loan of two thousand and eighty-eight pounds shall be a rate not exceeding five and three-quarters per centum per annum, and the said Palmerston North Borough Council is hereby authorized to borrow the said sum of two thousand and eighty-eight pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Manunui Town Board in respect of a Loan of £4,000, authorized to be raised for Electrical Reticulation.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of December, 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, 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 Manunui Town Board has been authorized to borrow the sum of four thousand pounds for electrical reticulation:
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 Manunui Town Board in respect of the said loan of four thousand pounds shall be a rate not exceeding six per centum per annum, and the said Manunui Town Board is hereby authorized to borrow the said sum of four thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Manunui Town Board in respect of a Loan of £1,000, authorized to be raised for advancing to Owners the Cost or Part of the Cost of installing Electric Power.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of December, 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, 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:
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 Manunui Town Board has been authorized to borrow the sum of one thousand pounds for advancing to owners the cost or part of the cost of installing electric power:
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 Manunui Town Board in respect of the said loan of one thousand pounds shall be a rate not exceeding six per centum per annum, and the said Manunui Town Board is hereby authorized to borrow the said sum of one thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Takapuna Borough Council may borrow the Sum of £21,300, authorized to be raised for Street-works.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of December, 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, 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 Takapuna Borough Council has been authorized to borrow the sum of twenty-one thousand three hundred pounds for street-works:
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 twenty-one thousand three-hundred 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 Takapuna Borough Council may borrow the said sum of twenty-one thousand three hundred pounds shall be twenty years, and the said Takapuna Borough Council is hereby authorized to borrow the said sum of twenty-one thousand three hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
Prescribing the Term for which the Takapuna Borough Council may borrow the Sum of £13,400, authorized to be raised for completing the Construction of Marine Terrace.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 7th day of December, 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, notwithstanding anything to the contrary in any Act or in any rule