Mar. 21.] THE NEW ZEALAND GAZETTE. 761

Order in Council prescribing the Rate of Interest at which the Sum of £1,500 may be borrowed by the Akaroa and Wainui Road Board.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 18th day of March, 1929.

Present:

THE RIGHT HONOURABLE SIR J. G. WARD, PRESIDING IN COUNCIL.

WHEREAS the Akaroa and Wainui Road Board (hereinafter called “the said local authority”) has been authorized to borrow the sum of one thousand five hundred pounds by a loan to be known as “Metalling Loan, 1928”:

And whereas the Minister of Finance has given his precedent consent as required by section one hundred and fourteen of the Local Bodies’ Loans Act, 1926 (hereinafter called “the said section”), to the borrowing by the said local authority of the said sum of one thousand five hundred pounds, at such rate or rates of interest as shall not produce to the lender a rate exceeding the rate hereinafter mentioned:

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 section, and of all other powers and authorities enabling him in this behalf, doth hereby prescribe that the said sum of one thousand five hundred pounds may be raised in respect of the said loan by the said local authority at such rates or rate of interest as shall not produce to the lender a rate exceeding the rate of five pounds fifteen shillings per centum per annum, and the said local authority is hereby authorized to borrow the said sum accordingly.

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

(T. 49/271.)

Order in Council consenting to the Raising of a Loan of £3,000 by the Riverton Borough Council.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 18th day of March, 1929.

Present:

THE RIGHT HONOURABLE SIR J. G. WARD, PRESIDING IN COUNCIL.

WHEREAS the Riverton Borough Council (hereinafter called “the said local authority”) proposes, pursuant to the terms of a Warrant issued under section one hundred and nineteen of the Public Works Act, 1908, to raise the sum of three thousand pounds by a loan to be known as “Aparima River Bridge Loan, 1929,” for the purpose of meeting its share of the cost of constructing the Aparima River Bridge:

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 Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising by the said local authority of the said loan up to the amount of three thousand pounds for a term not exceeding thirty-six and a half years, at such rate or rates of interest as shall not produce to the lenders a rate exceeding the rate of five pounds ten shillings per centum per annum, subject to the condition that the said local authority shall, before borrowing the said sum or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, and shall thereafter make to such sinking fund payments at intervals of not more than one year, at a rate or rates which shall be not less than the rate of one pound 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 interest to the lender is computed on any moneys so borrowed, and subject to the further condition that no portion of interest or sinking fund shall be paid out of loan-moneys.

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

(T. 49/414/2.)

B

Order in Council consenting to the Raising of a Loan of £500 by the Whangaroa County Council.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 18th day of March, 1929.

Present:

THE RIGHT HONOURABLE SIR J. G. WARD, PRESIDING IN COUNCIL.

WHEREAS the Whangaroa County Council (hereinafter called “the said local authority”) is desirous of raising the sum of five hundred pounds by a loan to be known as “Whangaroa and Totara North Wharves Supplementary Loan, 1929,” for the purpose of completing the undertaking for which a loan of five thousand pounds was authorized on twelfth February, one thousand nine hundred and twenty-seven:

And whereas the said local authority has complied with the provisions of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”), and it is expedient that the precedent consent of the Governor-General in Council under the said Act should be given to the raising of the said loan on the terms and conditions hereinafter set forth:

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 by the said local authority of the said loan up to the amount of five hundred pounds, for a term not exceeding two years, at such rate or rates of interest as shall not produce to the lenders a rate exceeding the rate of six pounds per centum per annum, upon terms of making the said sum repayable by instalments aggregating not less than two hundred and fifty pounds per annum.

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

(T. 49/325.)

Order in Council consenting to the Raising of a Loan of £2,150 by the Takapuna Borough Council.

CHARLES FERGUSSON, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 18th day of March, 1929.

Present:

THE RIGHT HONOURABLE SIR J. G. WARD, PRESIDING IN COUNCIL.

WHEREAS the Takapuna Borough Council (hereinafter called “the said local authority”) proposes, pursuant to a requisition issued by the Board of Health under the Health Act, 1920, to raise the sum of two thousand one hundred and fifty pounds by a loan to be known as “Refuse Destructor Loan, 1929,” for the purpose of meeting a portion of the Council’s share of providing a refuse-destroyer:

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 Local Government Loans Board Act, 1926, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising by the said local authority of the said loan up to the amount of two thousand one hundred and fifty pounds for a term of fifteen years, at such rate or rates of interest as shall not produce to the lenders a rate exceeding the rate of five pounds ten shillings per centum per annum, subject to the condition that the said local authority shall, before borrowing the said sum or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, and shall thereafter make to such sinking fund payments at intervals of not more than one year, at a rate or rates which shall be not less than the rate of four pounds twelve shillings and sixpence 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 interest to the lender is computed on any moneys so borrowed, and subject to the further condition that no portion of interest or sinking fund shall be paid out of loan-moneys.

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

(T. 49/120/3.)