Jan. 27.] THE NEW ZEALAND GAZETTE. 221

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 Otago Electric-power Board has been
authorized to borrow the sum of two hundred thousand
pounds for electric works, and is now desirous of borrowing
an additional sum of thirteen thousand four hundred pounds
under the authority of section nineteen of the Local Bodies'
Loans Act, 1926, for the purpose of completing the under-
taking :

And whereas the Minister of Finance has given his pre-
cedent 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
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 Otago Electric-
power Board in respect of the said loan of thirteen thousand
four hundred pounds shall be a rate not exceeding five and
three-quarters per centum per annum, and the said Otago
Electric-power Board is hereby authorized to borrow the
said sum of thirteen thousand four hundred pounds accord-
ingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the
Matamata County Council in respect of a Loan of £2,000,
being a further Portion of a Loan of £30,000 authorized to
be raised for Road Metalling and Bituminous Surfacing.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 17th day of
January, 1927.

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 there-
after 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 speci-
fied 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 Matamata County Council has been
authorized to borrow the sum of thirty thousand pounds for
road metalling and bituminous surfacing, and is now desirous
of raising the sum of two thousand pounds, being a further
portion of the loan of thirty thousand pounds :

And whereas the Minister of Finance has given his prece-
dent 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 ex-
ceeding 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 Matamata
County Council in respect of the said sum of two thousand
pounds shall be a rate not exceeding six per centum per
annum, and the said Matamata County Council is hereby
authorized to borrow the said sum of two thousand pounds
accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

B

Prescribing the Rate of Interest that may be paid by the
Hamilton Borough Council in respect of a Loan of £6,000,
authorized to be raised for Sewerage Works.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 17th day
of January, 1927.

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 Hamilton Borough Council has been
authorized to borrow the sum of six thousand pounds for
sewerage works :

And whereas the Minister of Finance has given his prece-
dent 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 exceed-
ing 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 Hamilton
Borough Council in respect of the said sum of six thousand
pounds shall be a rate not exceeding six per centum per
annum, and the said Hamilton Borough Council is hereby
authorized to borrow the said sum of six thousand pounds
accordingly.

C. A. JEFFERY,
Acting Clerk of the Executive Council.

Prescribing the Rate of Interest that may be paid by the Eltham
Drainage Board in respect of a Loan of £3,500, authorized
to be raised for Drainage Works in the No. 14 Special-rating
Area.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 17th day
of January, 1927.

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 Eltham Drainage Board has been autho-
rized to borrow the sum of three thousand five hundred
pounds for drainage works in the Number 14 Special-rating
Area :

And whereas the Minister of Finance has given his prece-
dent 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 ex-
ceeding six per centum per annum :

Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance and exercise of