Dec. 23.] THE NEW ZEALAND GAZETTE. 3901

SCHEDULE.

(T. 40/416/6.) A. W. MULLIGAN, Acting Clerk of the Executive Council.

Order in Council consenting to the Raising of a Loan of £95,000 by the Mount Eden Borough Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of December, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Mount Eden Borough Council (hereinafter called “the said local authority”) proposes, pursuant to the terms of a requisition issued under section twenty-two of the Health Act, 1920, to raise the sum of ninety-five thousand pounds (£95,000) by a loan, to be known as “Drainage Loan, 1930,” for the purpose of constructing drainage works for the Borough of Mount Eden:

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 ninety-five thousand pounds (£95,000) at such rate or rates of interest as shall not produce to the lenders 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 Local Government Loans Board Act, 1926, and 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 ninety-five thousand pounds (£95,000) for a term of thirty-six and a half (36½) 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 (£5 15s.) 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 (£1) 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.

A. W. MULLIGAN,
Acting Clerk of the Executive Council.

(T. 49/208/7.)
B

Order in Council consenting to the Raising of a Loan of £6,200 by the Westport Borough Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 22nd day of December, 1930.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Westport Borough Council (hereinafter called “the said local authority”) is desirous of raising the sum of six thousand two hundred pounds (£6,200) by a loan, to be known as “Overdraft Redemption Loan, 1931,” for the purpose of redeeming the outstanding liability in respect of a loan of nine thousand six hundred and thirteen pounds nine shillings and twopence (£9,613 9s. 2d.) maturing on the fifteenth day of March, one thousand nine hundred and thirty-one:

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:

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 loan for the term hereinafter mentioned, at such rate or rates of interest as shall not produce to the lenders 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 Act, and by sections thirty-two and 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 six thousand two hundred pounds (£6,200) for a term not exceeding sixteen and one-half (16½) 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 (£5 15s.) per centum per annum, subject to the condition that the said sum shall not be borrowed otherwise than on terms requiring repayment of principal by equal aggregate annual or half-yearly instalments of principal and interest over a period not exceeding a term of sixteen and one-half (16½) years.

A. W. MULLIGAN,
Acting Clerk of the Executive Council.

(T. 49/199/5.)