746
THE NEW ZEALAND GAZETTE.
[No. 24

Amending certain Regulations made under the Local Bodies’ Loans Act, 1913.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 5th day of March, 1928.

Present:

THE RIGHT HONOURABLE SIR FRANCIS BELL, P.C., PRESIDING IN COUNCIL.

IN pursuance and exercise of the powers and authorities conferred on him by the Local Bodies’ Loans 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 amend the regulation made under the Local Bodies’ Loans Act, 1913, and published in the Gazette of the thirtieth April, one thousand nine hundred and fourteen, by revoking clause one and substituting the following in lieu thereof:—

SPECIAL ROLL.

1. The special roll for the part of a district for which a loan is to be raised, and which is not a legal subdivision, shall be prepared from the existing valuation roll, or, where a borough or town district is concerned, from the existing District Electors’ Roll or Electors’ Roll by the local authority proposing to raise the loan, and shall be in one or other of the following forms, as the case may be:—

(a) FORM OF SPECIAL ROLL TO BE PREPARED WHERE THE PART OF THE DISTRICT, NOT BEING A BOROUGH OR TOWN DISTRICT, IS NOT A LEGAL SUBDIVISION.

(b) FORM OF SPECIAL ROLL TO BE PREPARED WHERE PART OF A BOROUGH OR TOWN DISTRICT IS NOT A LEGAL SUBDIVISION.

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

Order in Council consenting to the Raising of a Loan by the Westport Borough Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 10th day of March, 1928.

Present:

THE RIGHT HONOURABLE SIR FRANCIS BELL, P.C., PRESIDING IN COUNCIL.

WHEREAS by section three of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”), it is provided that, notwithstanding anything to the contrary in any Act, it shall not be lawful or competent for any local authority to borrow or contract to borrow any money (otherwise than in anticipation of its revenue within the limits of its powers, if any, in that behalf), whether from the State Advances Office or from any other source whatever, and whether in pursuance of a special Act or under any authority whatever, without the precedent consent of the Governor-General in Council given after compliance with the provisions of the said Act:

And whereas the Westport Borough Council is desirous of raising a loan of four thousand eight hundred and eighty-nine pounds nineteen shillings and one penny, to be known as the Gasworks Redemption Loan, 1928, for the purpose of redeeming the outstanding liability in respect of two loans raised for the gasworks undertaking:

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, 1928, of four thousand eight hundred and eighty-nine pounds nineteen shillings and one penny 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.

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

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

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 10th day of March, 1928.

Present:

THE RIGHT HONOURABLE SIR FRANCIS BELL, P.C., PRESIDING 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 Timaru Fire Board of the sum of five thousand nine hundred and fifty pounds for the repayment of an existing overdraft, erection of buildings, installation of fire alarms, and alteration of the telephone system, subject to the following conditions:—

1. That the term for which the loan is borrowed shall not exceed ten years.

2. That the rate of interest payable in respect of the said loan shall not exceed five pounds fifteen shillings per centum per annum.

3. That the local authority shall, before borrowing the said sum or any part thereof, make provision for the repayment thereof by establishing a sinking fund of not less than three pounds per centum per annum, calculated on the amount raised.

4. That no portion of interest or sinking fund shall be paid out of loan-money.

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

Consenting to the Raising of £2,800, being a Portion of a Loan of £19,000, by the Waipukurau Borough Council on the Instalment System, extending over a Period of Twenty-five Years.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 10th day of March, 1928.

Present:

THE RIGHT HONOURABLE SIR FRANCIS BELL, P.C., PRESIDING IN COUNCIL.

WHEREAS section thirty-two of the Local Bodies’ Loans Act, 1926, provides that where any local authority has heretofore been, or shall hereafter be, authorized to raise a loan, whether pursuant to a poll of ratepayers or otherwise, and whether such loan has been raised in part or not, such local authority may, with the consent of the Governor-General in Council, raise such loan or any part