996
THE NEW ZEALAND GAZETTE.
[No. 25

Order in Council consenting to the Raising of a Loan of £2,500
by the Waitemata County Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
March, 1930.
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Waitemata County Council (hereinafter
called “the said local authority”) proposes to
borrow, in accordance with the provisions of section three of
the Main Highways Amendment Act, 1928, the sum of two
thousand five hundred pounds by a loan to be known as
“Auckland-Maungaturoto Main Highway Loan,” for the
purpose of providing its proportion of the cost of construction
of the Auckland-Maungaturoro Main Highway :

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 sum of two thousand five hundred
pounds 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, upon terms of making the
said sum, together with interest thereon, repayable by instal-
ments extending over a period of six years.

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

(T. 49/116/6.)

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

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
March, 1930.
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Otago 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 or from any other person or persons.

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 purposes
   except that of meeting initial losses.

4. No money shall be borrowed under this authority 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 on the 31st day of
   March, 1930, exceed whichever is the lower of the
   two following limits—namely, (a) the sum of nineteen
   thousand nine hundred and eighty pounds sixteen
   shillings and five pence (£19,980 16s. 5d.) ; (b) the
   amount permitted by the provisions of the said
   section 70 to be owing at the end of the financial
   year 1929-30.

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

(T. 49/371/2.)

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

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
March, 1930.
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Ashburton Electric-power Board (here-
inafter 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 purposes
   except that of meeting initial losses.

4. No money shall be borrowed under this authority 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 on the 31st day of
   March, 1930, exceed whichever is the lower of the
   two following limits—namely, (a) the sum of six
   thousand pounds (£6,000) ; (b) the amount permitted
   by the provisions of the said section 70 to be owing
   at the end of the financial year 1929-30.

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

(T. 49/378.)

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

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 26th day of
March, 1930.
Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Malvern Electric-power Board (herein-
after called “the said local authority”) is desirous
of borrowing moneys by way of bank overdraft under sec-
tion 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.