2492
THE NEW ZEALAND GAZETTE.
[No. 63

Public Service Superannuation Board declared to come under
the Public Revenues Act, 1926.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 9th day of
September, 1929.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section ninety-two of the Public Revenues
Act, 1926 (hereinafter referred to as the “said
Act”) it is provided that moneys payable to or received by
such Departments or offices of the Public Service (in addition
to those named in the said section ninety-two) as are declared
by the Governor-General in Council to come within the pro-
visions of the said section ninety-two, are public moneys
within the meaning of the said Act:

Now, therefore, His Excellency the Governor-General of
the Dominion of New Zealand, in pursuance and exercise of
the powers conferred on him by section ninety-two of the
said Act, and acting by and with the advice and consent of
the Executive Council of the said Dominion, doth hereby
declare the Public Service Superannuation Board to come
within the provisions of the said section ninety-two.

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

Waimea Electric-power Board.—First Election.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 16th day of
September, 1929.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

IN pursuance and exercise of the powers conferred upon him
by the Electric-power Boards Act, 1925, 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 appoint the sixteenth day
of October, one thousand nine hundred and twenty-nine, as
the day on which shall be held the first election of the repre-
sentatives of the constituent districts in the Waimea Electric-
power District, being an electric-power district duly con-
stituted by Proclamation dated the first day of May, one
thousand nine hundred and twenty-nine, and published in the
New Zealand Gazette, No. 31, of the second day of May, one
thousand nine hundred and twenty-nine.

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

(P.W. 26/1102.)

Order in Council consenting to the Raising of Loans by certain Local Authorities.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 16th day of September, 1929.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL 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 section eleven of the said Act provides that the Governor-General in Council, in giving his consent to the
borrowing of moneys by the local authority, may impose such conditions with respect to the time at which such moneys may
be borrowed, the rate of interest that may be paid in respect thereto, the term for which they may be borrowed, and provisions
for repayment thereof as he thinks fit, and that it shall not be lawful for the local authority to borrow such moneys save in
accordance with the conditions so imposed:

And whereas the several local authorities mentioned in the Schedule hereto are desirous of raising the respective amounts
set out opposite their names therein:

And whereas the said local authorities have 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 loans 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 respective local authorities whose names are set out in the Second Column of the said
Schedule of the loans referred to in the Third Column of the said Schedule, up to the respective amounts set out in the
Fourth Column of the said Schedule, for the respective terms set out in the Fifth Column of the said Schedule at rates of
interest being such as shall not produce to the lenders rates exceeding the respective rates specified in the Sixth Column of
the said Schedule, subject to the condition that the respective local authorities shall, before borrowing the said respective
sums, or any part thereof, make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’
Loans Act, 1926, or under such other statutory enactment as may be applicable in any respective case, 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 respective rates per centum set out in the Seventh Column of the said Schedule, such payments to be made
in respect of every part of the said respective sums 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 in no case shall any portion of interest or sinking fund be paid out of
loan-moneys.

SCHEDULE.

(T. 40/416/6.)
F. D. THOMSON, Clerk of the Executive Council.