3436
THE NEW ZEALAND GAZETTE.
[No. 77

Gasworks Redemption Loan of five thousand seven hundred and eighty-one pounds twelve shillings and eightpence, nineteen hundred and twenty-seven, for the purpose of redeeming the outstanding liability in connection with a loan of nine thousand three hundred pounds, raised in one thousand nine hundred and six to redeem a previous loan :

And whereas the Westport Borough Council has complied with the provisions of the said Act, and it is expedient that the aforesaid precedent consent should be given to the raising of the said loan on terms requiring repayment of principal by equal aggregate half-yearly instalments of principal and interest over a period not exceeding twenty-one years :

Now, therefore, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, and in pursuance and exercise of the powers and authorities conferred on him by the said Act, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising of the said Gasworks Redemption Loan of five thousand seven hundred and eighty-one pounds twelve shillings and eightpence by the Westport Borough Council on terms requiring repayment of principal by equal aggregate half-yearly instalments of principal and interest over a period not exceeding twenty-one years.

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

Consenting under the Local Government Loans Board Act, 1926, to the Raising of a Loan by the Wanganui City Council.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 31st day of October, 1927.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

IN pursuance and exercise of the powers and authorities conferred upon him by the Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the borrowing by the Wanganui City Council of the sum of fifty-nine thousand one hundred pounds for the purpose of redeeming the outstanding liability in respect of four specified special loans totalling ninety-two thousand pounds, subject to the following conditions :—

1. The said sum may be borrowed for a term not exceeding twenty years :
2. The Wanganui City Council shall, before borrowing the said sum or any part thereof, make provision for the repayment of the said sum by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, and by making to such sinking fund payments at intervals of not more than one year, at a rate which shall be not less than three per centum, such payments to be made in respect of every part of the said sum for the time being so borrowed and not repaid, and the first payment to be made not later than one year after the first day from which the interest to the lender is computed on any moneys so borrowed.

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

Consenting under the Local Government Loans Board Act, 1926, to the Raising of a Loan by the Whangarei Fire Board.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 31st day of October, 1927.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

IN pursuance and exercise of the powers and authorities conferred upon him by the Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the borrowing by the Whangarei Fire Board of the sum of one thousand pounds for the purpose of purchasing a new motor reel with first aid equipment, subject to the following conditions :—

1. The said sum may be borrowed for a term not exceeding eight and a half years :
2. That the rate of interest payable in respect of the said loan shall not exceed six and a half per centum per annum :
3. That the Fire Board shall make provision for repayment of the said sum of one thousand pounds by equal annual instalments over a period of eight and a half years.

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

Consenting under the Local Government Loans Board Act, 1926, to the Raising of a Loan by the Otago Harbour Board.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 31st day of October, 1927.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

IN pursuance and exercise of the powers and authorities conferred upon him by the Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, His Excellency the Governor-General of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby consent to the borrowing by the Otago Harbour Board of the sum of two hundred thousand pounds for the purpose of redeeming the outstanding liability in connection with a loan of two hundred and five thousand pounds, subject to the following conditions :—

1. The said sum may be borrowed for a term not exceeding ten years :
2. The Otago Harbour Board shall, before borrowing the said sum or any part thereof, make provision for the repayment of the said sum by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, and by making to such sinking fund payments at intervals of not more than one year, at a rate which shall be not less than one-half per centum, such payments to be made in respect of every part of the said sum for the time being so borrowed and not repaid, and the first to be made not later than one year after the first day from which interest to the lender is computed on any moneys so borrowed.

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

Prescribing the Rate of Interest that may be paid by the Petone Borough Council in respect of a Loan of £2,249, authorized to be raised for the Purpose of redeeming the outstanding Portion of the Motor Service Redemption Loan of £2,720.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 31st day of October, 1927.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 Petone Borough Council has been authorized to borrow the sum of two thousand two hundred and forty-nine pounds for the purpose of redeeming the outstanding portion of the Motor Service Redemption Loan of two thousand seven hundred and twenty 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 rate of interest at which the money may be borrowed be not exceeding five and five-eights per centum per annum :