AUG. 26.] THE NEW ZEALAND GAZETTE. 2583

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 Timaru Borough Council in
respect of the said loan of nine thousand five hundred pounds
shall be a rate not exceeding five and three-quarters per centum
per annum, and the said Timaru Borough Council is hereby
authorized to borrow the said sum of nine thousand five
hundred pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Timaru
Borough Council in respect of a Loan of £700 authorized to
be raised for the Completion of certain Drainage and Sewerage
Works.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 23rd day of
August, 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
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 Timaru Borough Council has been autho-
rized to borrow the sum of seven thousand pounds for drain-
age-works, and is now desirous of borrowing an additional
sum of seven 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 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 Timaru Borough Council in
respect of the said loan of seven hundred pounds shall be a
rate not exceeding five and three-quarters per centum per
annum, and the said Timaru Borough Council is hereby autho-
rized to borrow the said sum of seven hundred pounds accord-
ingly.

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

Prescribing the Rate of Interest that may be paid by the Timaru
Borough Council in respect of a Loan of £2,500, being the
Balance of a Loan of £4,500 authorized to be raised for the
Purchase of Road and Asphalt Machinery and Appliances.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 23rd day of
August, 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
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 Timaru Borough Council has been autho-
rized to borrow the sum of four thousand five hundred pounds
for the purchase of road and asphalt machinery and appliances,
and is now desirous of raising the sum of two thousand five
hundred pounds, being the balance of the loan of four thou-
sand five hundred 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 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 Timaru Borough Council in
respect of the said loan of two thousand five hundred pounds
shall be a rate not exceeding five and three-quarters per
centum per annum, and the said Timaru Borough Council is
hereby authorized to borrow the said sum of two thousand
five hundred pounds accordingly.

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

Prescribing the Rate of Interest that may be paid by the Timaru
Borough Council in respect of a Loan of £9,750 authorized
to be raised for the Purchase of Te Upookoraitauheke Native
Reserve 884.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 23rd day of
August, 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
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 Timaru Borough Council has been autho-
rized to borrow the sum of nine thousand seven hundred and
fifty pounds for the purchase of Te Upookoraitauheke Native
Reserve 884:

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 Timaru Borough
Council in respect of the said loan of nine thousand seven
hundred and fifty pounds shall be a rate not exceeding five
and three-quarters per centum per annum, and the said
Timaru Borough Council is hereby authorized to borrow the
said sum of nine thousand seven hundred and fifty pounds
accordingly.

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

Prescribing the Term for which the Poverty Bay Electric-power
Board may borrow the Sum of £120,000, being a Portion of
a Loan of £280,000 authorized to be raised for Electric Works,
and also the Rate of Interest payable thereon.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 23rd day of
August, 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