OTAGO

PROVINCIAL GOVERNMENT

GAZETTE.

Published by Authority.

Vol XI DUNEDIN, WEDNESDAY, FEBRUARY 20, 1867. No. 467

[WITH SUPPLEMENT.]

PROCLAMATION

Of Interest on Debentures of the Dunedin Water Works Company being Guaranteed out of the Revenues of the Province.

By His Honor Thomas Dick, Esquire, Superintendent of the Province of Otago.

WHEREAS by "The Dunedin Water Works Act Amendment Act, 1866," passed by the General Assembly of New Zealand, the said Company are empowered to borrow on Mortgage, Bond or Debenture, any sums not exceeding in the whole the sum of £15,000, and the said Company propose immediately to borrow that amount in sums of £100 each, upon Debentures under the Seal of the Company for securing payment of the principal and interest, and primarily charging the same upon the undertaking, plant, and revenues of the Company: And whereas by Section I of the "Dunedin Water Works Company Guaranteed Interest Ordinance, 1864," the Superintendent of Otago is authorized and empowered, with the advice and consent of the Executive Council of the said Province, to enter into any agreement with the said Dunedin Water Works Company for the purpose of guaranteeing to the Shareholders thereof for and during any period not exceeding 10 years, the payment of any sum or sums of money, either as dividends or interest, on the paid up capital of such Company, or any part thereof, at such rate as may be agreed upon between the said Superintendent and such Company, not exceeding the rate of Eight pounds per centum per annum: And whereas by Section I of "The Dunedin Water Works Company Guaranteed Interest Ordinance 1864 Amendment Ordinance, 1866," it is provided that in the interpretation and application of the last recited Ordinance, the amount of money which the said Company are empowered to raise under the said "Dunedin Water Works Act Amendment Act, 1866," shall be treated and considered, when raised, as part of the paid up capital of the said Company, provided that the amount of capital actually paid up, and of money borrowed under the provisions of the said Amendment Act in respect of which interest shall be so guaranteed, shall not exceed the sum of £50,000 in the whole;

Now therefore I, Thomas Dick, Esquire, Superintendent of the said Province, with the advice and consent of the Executive Council of the said Province, under the provisions of such Ordinances and of an Agreement entered into between me as such Superintendent, with such advice and consent as aforesaid, and the said Dunedin Water Works Company, do hereby guarantee the payment out of the Revenues of the Province of Otago, of Interest at the rate of Eight Pounds per centum per annum on the principal sums of money secured by the Debentures of the said Company, for such period as they may remain in force, not exceeding ten years for each Debenture.

Given under my hand, and issued under the Public Seal of the Province of Otago, at Dunedin, this fifteenth day of February, one thousand eight hundred and sixty-seven.

(L.S.) Thomas Dick,
Superintendent.

By His Honor's command,

Julius Vogel,
Provincial Treasurer.

BYE-LAWS OF THE CORPORATION OF THE CITY OF DUNEDIN.

Bye-Law No. I.

1.—A Bye-Law for regulating Hackney Carriages and Cabs, and the Owners and Drivers thereof, plying for hire within the City of Dunedin.

WHEREAS by an Ordinance passed by the Provincial Council of the Province of Otago, in the 28th year of the reign of Her Majesty Queen Victoria, Session XX, No. 191, intituled, "An Ordinance to Incorporate the Inhabitants of the City of Dunedin, in the Province of Otago, in the Colony of New Zealand, and to enable towns and places within the said