2744
THE NEW ZEALAND GAZETTE.
[No. 73

Order in Council consenting to the Raising of a Loan of £11,500
by the Thames County Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 29th day of
October, 1929.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Thames County Council (hereinafter
called “the said local authority”) is desirous of
raising the sum of eleven thousand five hundred pounds by
a loan to be known as “Thames Valley Water-supply Loan,
1929,” for the purpose of reticulating and supplying with
water for domestic and stock purposes the dwellinghouses
and farm lands within the Thames Valley Water-supply
Special-rating Area :

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 eleven thousand five hundred pounds
for a term of thirty 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 borrow-
ing 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 ten shillings 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. 49/436/1.)

Order in Council consenting to the Raising on the Instalment-
repayment System of a Loan of £260 by the Matau River
Board.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 29th day of
October, 1929.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Matau River Board (hereinafter called
“the said local authority”) has been authorized
to borrow the sum of two hundred and sixty pounds by a
loan to be known as “Matau Drainage Loan, 1929,” and the
said sum has not yet been borrowed :

And whereas the said local authority is desirous of raising
the said sum on the instalment-repayment system extending
over a period of ten 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 section thirty-two of the Local Bodies’
Loans Act, 1926, and of all other powers and authorities
enabling him in this behalf, doth hereby consent to the
borrowing by the said local authority of the said sum of two
hundred and sixty pounds upon terms of making the same,
together with interest thereon, repayable by instalments
extending over a period of ten years.

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

(T. 49/444.)

Order in Council consenting to the South Taranaki Electric-power
Board borrowing Moneys by way of Bank Overdraft.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 29th day of
October, 1929.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the South Taranaki Electric-power Board
(hereinafter called “the said local authority”) is
desirous of borrowing moneys by way of bank overdraft,
under section seventy, subsection one, of the Electric-power
Boards Act, 1925 :

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 borrowing as afore-
said 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
borrowing of moneys by the said local authority under the
said section seventy, subsection one, to the following extent
and subject to the following conditions :—

(1) Such borrowing may be from time to time by way of
overdraft.

(2) The rate of interest payable from time to time shall
not exceed current bank overdraft rates of interest to
best customers.

(3) No money so borrowed shall be used for any purpose
except that of meeting expenditure as defined by
section fifty-five of the Electric-power Boards Act,
1925.

(4) No money shall be borrowed under this consent at any
time after the thirty-first day of March, one thousand
nine hundred and thirty.

(5) The total amount owing (including unpaid interest)
of the moneys so borrowed shall not exceed three
thousand pounds, and any moneys so borrowed shall
be repaid before the thirty-first day of March, one
thousand nine hundred and thirty.

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

(T. 49/474.)

Order in Council consenting to the Raising of a Loan of £2,300
by the Ohinemuri County Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 29th day of
October, 1929.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Ohinemuri County Council (hereinafter
called “the said local authority”) is desirous of raising
the sum of two thousand three hundred pounds by a loan to be
known as “Kaimanawa Water-supply Loan, 1929,” for the
purpose of reticulating and supplying with water for domestic
and stock purposes, from water supplied at the county boundary
by Thames County Council, the dwellinghouses and farm lands
situated within the rating area :

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 two thousand three hundred pounds for a term of twenty-six
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