3486

THE NEW ZEALAND GAZETTE.

[No. 86

Prescribing the Term for which the Egmont County Council may borrow the Sum of £20,000, being the Balance of a Loan of £65,000, authorized to be raised for the Purpose of reconstructing the Main South and Eltham Roads.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th 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 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 Egmont County Council has been authorized to borrow the sum of sixty-five thousand pounds for the purpose of reconstructing the Main South and Eltham Roads, and is now desirous of raising the sum of twenty thousand pounds, being the balance of the loan of sixty-five 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 twenty thousand pounds may be borrowed be thirty-seven 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 Egmont County Council may borrow the said sum of twenty thousand pounds shall be thirty-seven years, and the said Egmont County Council is hereby authorized to borrow the said sum of twenty thousand pounds for this term.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Term for which the Wairoa Borough Council may borrow the Sum of £4,400, authorized to be raised for completing the Installation of a Water-supply System.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th 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 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 Wairoa Borough Council has been authorized to borrow the sum of forty-four thousand pounds for the installation of a water-supply system, and is now desirous of borrowing an additional sum of four thousand four hundred 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 term for which the said four thousand four hundred pounds may be borrowed be for a term expiring on the first day of February, one thousand nine hundred and thirty-one:

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 Wairoa Borough Council may borrow the said sum of four thousand four hundred pounds shall be for a term expiring on the first day of February, one thousand nine hundred and thirty-one, and the said Wairoa Borough Council is hereby authorized to borrow the said sum of four thousand four hundred pounds accordingly.

F. D. THOMSOM,

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 £650,000, authorized to be raised for Electric Works.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th 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 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 Auckland Electric-power Board has been authorized to borrow the sum of six hundred and fifty thousand pounds for electric 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 rate of interest at which the money may be borrowed be not exceeding five and a half 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 six hundred and fifty thousand pounds shall be a rate not exceeding five and a half per centum per annum, and the said Auckland Electric-power Board is hereby authorized to borrow the said sum of six hundred and fifty thousand pounds accordingly.

F. D. THOMSON,

Clerk of the Executive Council.

Prescribing the Term for which the Thames Valley Electric-power Board may borrow the Sum of £50,000, being a Further Portion of a Loan of £150,000 authorized to be raised for Electrical Works.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 14th 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 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 Thames Valley Electric-power Board has been authorized to borrow the sum of one hundred and fifty