2364
THE NEW ZEALAND GAZETTE.
[No. 51

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 Central Electric-power Board has been
authorized to borrow the sum of sixty-five thousand pounds
for electric works, and is now desirous of raising the sum of
twenty thousand pounds, being a portion of a loan of sixty-
five thousand pounds :

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 thirty-six and a half years, and the rate
of interest payable thereon 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
term for which the Central Electric-power Board may borrow
the said sum of twenty thousand pounds shall be thirty-six
and a half years, and the rate of interest that may be paid
thereon shall be a rate not exceeding six per centum per
annum, and the said Central Electric-power Board is hereby
authorized to borrow the said sum of twenty thousand pounds
accordingly.

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

Prescribing the Rate of Interest that may be paid by the Piako County Council in respect of a Loan of £1,220 authorized to be raised for the Purpose of completing the Metalling of Roads in No. 1 Roads Special-rating Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 26th day of July, 1926.

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 twelve thousand two hundred pounds
for bitumen-sealing and metalling roads in the No. 1 Roads
Special-rating Area, and is now desirous of borrowing an
additional sum of one thousand two hundred and twenty
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 pre-
cedent 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 Piako County Council in
respect of the said loan of one thousand two hundred and
twenty pounds shall be a rate not exceeding six per centum
per annum, and the said Piako County Council is hereby
authorized to borrow the said sum of one thousand two
hundred and twenty pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Piako County Council in respect of a Loan of £630 authorized to be raised for the Purpose of completing the Metalling of Roads in the Central Walton Roads Special-rating Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 26th day of July, 1926.

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 six thousand three hundred pounds for
metalling Central Walton roads, and is now desirous of
borrowing an additional sum of six hundred and thirty pounds
under the authority of section eighteen of the Local Bodies’
Loans Act, 1913, for the purpose of completing the under-
taking :

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

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

Prescribing the Rate of Interest that may be paid by the Piako County Council in respect of a Loan of £1,315 authorized to be raised for the Purpose of completing the Metalling of Roads in the Kiwitahi Roads Special-rating Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 26th day of July, 1926.

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 forming and metalling roads in the Kiwitahi Roads
Special-rating Area, and is now desirous of borrowing an
additional sum of one thousand three hundred and fifteen
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 pre-
cedent 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 :