2584

THE NEW ZEALAND GAZETTE.

[No. 56

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 Poverty Bay Electric-power Board has
been authorized to borrow the sum of two hundred and eighty
thousand pounds for electric works, and is now desirous of
raising the sum of one hundred and twenty thousand pounds,
being a portion of the loan of two hundred and eighty 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 money may be bor-
rowed be thirty years, and the rate of interest payable thereon
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 term for
which the Poverty Bay Electric-power Board may borrow the
said sum of one hundred and twenty thousand pounds shall
be thirty years, and the rate of interest that may be paid
thereon shall be a rate not exceeding five and three-quarters
per centum per annum, and the said Poverty Bay Electric-
power Board is hereby authorized to borrow the said sum of
one hundred and twenty thousand pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Inver-
cargill Borough Council in respect of a Loan of £11,700
authorized to be raised for the Purpose of providing Relief-
works for Unemployed.

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 Invercargill Borough Council has been
authorized to borrow the sum of eleven thousand seven
hundred pounds for the purpose of providing relief-works
for unemployed:
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 Invercargill Borough
Council in respect of the said loan of eleven thousand seven
hundred pounds shall be a rate not exceeding five and three-
quarters per centum per annum, and the said Invercargill
Borough Council is hereby authorized to borrow the said sum
of eleven thousand seven hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Prescribing the Term for which the Piako County Council
may borrow the Sum of £2,300 authorized to be raised for the
Purpose of metalling Chadleigh's Road, 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
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 Piako County Council has been authorized
to borrow the sum of two thousand three hundred pounds
for the purpose of metalling Chadleigh's 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 term for which the money may be
borrowed be twenty 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 Piako County Council may borrow the said sum
of two thousand three hundred pounds shall be twenty 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
Piako County Council is hereby authorized to borrow the
said sum of two thousand three hundred pounds accordingly.
F. D. THOMSON,
Clerk of the Executive Council.

Changing the Purpose of a Reserve in Block XV, Christchurch
Survey District, Canterbury Land District.

CHARLES FERGUSSON, Governor-General.
WHEREAS the land described in the Schedule hereto
has been duly set apart as a reserve for a gravel-pit,
being a purpose within Class I of the Second Schedule of the
Public Reserves and Domains Act, 1908:
And whereas it is expedient that such land should be
appropriated for recreation purposes, being a purpose within
Class III of the said Second Schedule:
Now, therefore, I, General Sir Charles Fergusson, Baronet,
Governor-General of the Dominion of New Zealand, in exer-
cise of the powers and authorities conferred upon me by the
eleventh section of the Public Reserves and Domains Act,
1908, do by this notification declare that the said land shall,
from and after the twenty-seventh day of August, one thou-
sand nine hundred and twenty-six, be appropriated for
recreation purposes under Class III of the Public Reserves
Domains Act, 1908; and I do hereby direct that this notific-
ation shall be published in the New Zealand Gazette.

SCHEDULE.
ALL that area in the Canterbury Land District containing by
admeasurement 1 acre 1 rood, more or less, being Reserve 112,
situated in Block XV, Christchurch Survey District, and
bounded as follows: Towards the north-west by the River
Road along the south bank of the River Heathcote; towards
the north-east by Rural Section 562, 206 links; towards the
south-east by the Cashmere Road, 489·2, 711·4, and 298·1 links
respectively; and again towards the south-west by Rural Sec-
tion 549, 87 links: as the same is more particularly delineated
on the plan marked L. and S. 1/833, deposited in Head Office,
Department of Lands and Survey, at Wellington, and thereon
bordered red.
As witness the hand of His Excellency the Governor-
General, this 19th day of August, 1926.
A. D. McLEOD, Minister of Lands.