APRIL 2.]

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 conditions
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 fifteen years.

C. A. JEFFERY,
Acting Clerk of the Executive Council.
(T. 49/427/1.)

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

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
March, 1931.
Present:

His Excellency The Governor-General in Council.
WHEREAS the Opunake 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
bank 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 shall be borrowed under this sanction at
any time after the 31st March, 1931.
(4) The total amount owing (including unpaid interest)
of the moneys so borrowed shall not on the 31st day
of March, 1931, exceed £2,250 or the amount permitted
by the provisions of the said section 70, subsection (1),
to be owing at the end of the financial year, 1930–31.
(5) Any moneys borrowed under this sanction in excess
of the amount permitted to be owing under para-
graph (c) of subsection (2) of section 3 of the Local
Bodies Finance Act, 1921–22, shall be repaid during
the financial year ending 31st March, 1932, from
revenue or from the proceeds of a rate to be levied
under the provisions of the Electric-power Boards
Act, 1925.

C. A. JEFFERY,
Acting Clerk of the Executive Council.
(T. 49/274.)

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 31st day of
March, 1931.
Present:

His Excellency The Governor-General in Council.
WHEREAS the Malvern 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 shall be borrowed for any purpose except
that of meeting initial losses.
(4) No moneys shall be borrowed under this sanction at
any time after 31st March, 1931.
(5) The total amount owing (including unpaid interest)
of the moneys so borrowed shall not on the 31st
March, 1931, exceed whichever is the lower of the
two following limits, namely:
(a) The sum of two thousand eight hundred and
forty pounds.
(b) The amount permitted by the provisions of the
said section seventy to be owing at the end of the
financial year, 1930–31.

C. A. JEFFERY,
Acting Clerk of the Executive Council.
(T. 49/352.)

AMENDING REGULATIONS RELATING TO MAORI LAND BOARDS.
BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 31st day of
March, 1931.
Present:

His Excellency The Governor-General in Council.
IN pursuance and exercise of the powers and authorities
conferred upon him by the Native Land Act, 1909, and
its amendments, 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 order that the regulations relating to Maori Land
Boards made on the twenty-fourth day of August, one thousand
nine hundred and fourteen, and gazetted on the twenty-seventh
day of August, one thousand nine hundred and fourteen, under
the said Act, be and the same are hereby varied or revoked
and new regulations made as herein set forth, as from the
first day of April, one thousand nine hundred and thirty-one.

AMENDMENTS TO REGULATIONS.

1. Regulation 4 is varied by omitting the words "in the
   Kahiti" and substituting the words "by the Registrar in
   such manner as he shall deem advisable."
2. Regulation 6 is varied by omitting the words "inserted
   in the Kahiti" and substituting the word "notified."
3. Regulation 52 is revoked and the following new regulation
   made in lieu thereof:—
   "52. A meeting of owners shall be summoned by the
   President by a notice in the form No. 13 in the Second Schedule.
   The notice calling the meeting shall be sent out at least fourteen
   days before the day of the meeting, and may be given or sent
   in such manner as the President or the Board shall direct."

C. A. JEFFERY,
Acting Clerk of the Executive Council.

RESULT OF POLL FOR PROPOSED LOAN.
WELLINGTON, 31ST MARCH, 1931.
THE following notice received from the Chairman, Otoro-
hanga County Council is published in accordance with
the provisions of the Local Bodies' Loans Act, 1926.
GEO. W. FORBES, Minister of Finance.
(T. 9/204/13.)

OTOROHANGA COUNTY COUNCIL.
PURSUANT to section 13 (1) of the Local Bodies' Loans Act,
1926, I hereby give notice that at a poll of the ratepayers of
the County of Otorohanga, taken on the 20th day of February,
1931, on the proposal of the Otorohanga County Council to
borrow the sum of five hundred pounds for reforming, widening,
culverting, and metalling the Whawharua Road from the
Puketawai Road northwards, the number of votes recorded
for the proposal was 9; the number of votes recorded against
the proposal was 1.
I therefore declare that the proposal was carried.
Dated this 24th day of March, 1931.
F. POTTS,
Chairman of the County.