Dec. 9.] THE NEW ZEALAND GAZETTE. 3375
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 Hunterville Town Board has been authorized
to borrow the sum of five thousand pounds for road
construction and tar and bituminous surfacing, and is now
desirous of borrowing an additional sum of five hundred pounds
under the authority of section nineteen of the Local Bodies'
Loans Act, 1926, 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 one
hundred and fourteen, 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 Hunterville Town
Board in respect of the said loan of five hundred pounds
shall be a rate not exceeding six per centum per annum, and
the said Hunterville Town Board is hereby authorized to
borrow the said sum of five hundred pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Grey Electric-power Board in respect of a Loan of £50,000, authorized to be raised for Electric Works.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 29th day
of November, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN COUNCIL.
WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans Act, 1926, 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 or public body 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 Grey Electric-power Board has been authorized to borrow the sum of fifty thousand pounds for electric works:
And whereas the Minister of Finance has given his precedent consent as required by the above-recited section one hundred and fourteen, 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 Grey Electric-power Board in respect of the said sum of fifty thousand pounds shall be a rate not exceeding six per centum per annum, and the said Grey Electric-power Board is hereby authorized to borrow the said sum of fifty thousand pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Rate of Interest that may be paid by the Kawakawa Town Board in respect of a Loan of £1,250, authorized to be raised for the Erection of Municipal Buildings.
CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 29th day
of November, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN COUNCIL.
WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans Act, 1926, 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 or public body
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 Kawakawa Town Board has been authorized to borrow the sum of one thousand two hundred and fifty pounds for the erection of municipal buildings:
And whereas the Minister of Finance has given his precedent consent as required by the above-recited section one hundred and fourteen, 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 Kawakawa
Town Board in respect of the said sum of one thousand two
hundred and fifty pounds shall be a rate not exceeding six
per centum per annum, and the said Kawakawa Town Board
is hereby authorized to borrow the said sum of one thousand
two hundred and fifty pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.
Prescribing the Term for which the Te Awamutu Electric-power Board may borrow the Sum of £3,000, being a Portion of a Loan of £25,000, 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 Buildings at Wellington, this 29th day
of November, 1926.
Present:
THE HONOURABLE W. DOWNIE STEWART PRESIDING IN COUNCIL.
WHEREAS by section one hundred and fourteen of the
Local Bodies' Loans Act, 1926, 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 or public body
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 Te Awamutu Electric-power Board has
been authorized to borrow the sum of twenty-five thousand
pounds for electric works, and is now desirous of raising
the sum of three thousand pounds, being a portion of a loan
of twenty-five thousand pounds:
And whereas the Minister of Finance has given his precedent consent as required by the above-recited section one hundred and fourteen, 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 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 Te Awamutu Electric-power Board
may borrow the said sum of three 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 five and
three-quarters per centum per annum, and the said Te
Awamutu Electric-power Board is hereby authorized to borrow
the said sum of three thousand pounds accordingly.
C. A. JEFFERY,
Acting Clerk of the Executive Council.