JULY 3.] THE NEW ZEALAND GAZETTE. 2079

Order in Council consenting to the Raising of a Loan of £295
by the Auckland Fire Board.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 30th day of
June, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL,

WHEREAS the Auckland Fire Board (hereinafter called
“the said local authority”) is desirous of raising,
by way of bank overdraft, the sum of two hundred and
ninety-five pounds, for the purpose of renewing “The Avon-
dale Fire-station Loan, 1928,” of two hundred and ninety-
five pounds, which expires on fourth July, one thousand
nine hundred and thirty:

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 by
way of bank overdraft up to the amount of two hundred and
ninety-five pounds for a term of one year, at such rate or
rates of interest as shall not produce to the lender a rate
exceeding current bank overdraft rates, subject to the con-
dition that the said local authority shall repay the said sum
out of revenue or out of the proceeds of the conversion loan
to be raised for that purpose.

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

(T. 49/324/1.)

Order in Council consenting to the Raising of a Loan of £1,600
by the Feilding Borough Council.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 30th day of
June, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Feilding Borough Council (hereinafter
called “the said local authority”) proposes, pur-
suant to the terms of a Warrant issued under section one
hundred and thirty-five of the Public Works Act, 1928, to
raise the sum of one thousand six hundred pounds by a loan
to be known as “Aorangi Street Bridge Loan, 1930,” for the
purpose of paying its share of the cost of erecting Aorangi
Street Bridge:

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, to the borrowing by the said
local authority of the said sum of one thousand six hundred
pounds, at a rate or rates of interest being such as shall not
produce to the lenders a rate exceeding the rate of five pounds
fifteen shillings per centum per annum:

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 by section one hundred and fourteen of the
Local Bodies’ Loans 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 one thousand six hundred pounds for a
term not exceeding 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 fifteen 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 two pounds per centum, such pay-
ments 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. 49/415/1.)

Order in Council prescribing the Term in respect of a Portion
(£2,100) of the Timaru Borough Council Loan of £4,150.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 30th day of
June, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Timaru Borough Council (hereinafter
called “the said local authority”), has been authorized to borrow in respect of a loan to be known as “Redruth
Drainage and Other Unemployment Works Loan, 1929,”
the sum of four thousand one hundred and fifty pounds, and
whereof the sum of two thousand one hundred pounds has
not yet been borrowed:

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 two thousand one hundred pounds for the
term 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 by section eleven
of the Local Government Loans Board Act, 1926, and of all
other powers and authorities enabling him in this behalf,
doth hereby prescribe that the said sum of two thousand one
hundred pounds or any part thereof may be raised in respect
of the said loan by the said local authority for a term not
exceeding ten years, and the said local authority is hereby
authorized to borrow the said sum accordingly.

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

(T. 49/306/4.)

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

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government House at Wellington, this 30th day of
June, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Southland Electric-power Board (herein-
after called “the said local authority”) is desirous
of borrowing moneys by way of bank overdraft for the purpose
of meeting initial losses:

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 aforesaid 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 upon him by the said Act, and by section thirty-
three of the Finance Act, 1928, 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 by
way of bank overdraft for the purpose of meeting initial
losses, at a rate of interest not exceeding current bank over-
draft rates, but so that the total amount owing as at the
thirty-first day of March, one thousand nine hundred and
thirty-one, shall not exceed fifty-three thousand pounds.

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

(T. 49/235.)