678
THE NEW ZEALAND GAZETTE.

making and the form of application for advances of
money to aid in the construction of works for the
supply of water on Gold Fields, and for proceeding
on such application.

Schedule of Regulations prescribing the Mode of
making Applications for Advances of Money to
aid in the Construction, Extension, or Improvement
of Works for the Supply of Water upon Gold
Fields.

1. Persons desirous of obtaining advances of money
   for the purposes specified shall make application in
   writing to the Warden of the District, and such ap-
   plication shall state—

(1.) The names and descriptions of the Applicants,
or if they be a Registered or Joint Stock
Company, then the registered particulars
thereof.
(2.) The names of the Engineer and Manager of
the works.
(3.) The general description of the water race or
races, dams, reservoirs, or other works pro-
posed to be constructed, together with duly
attested copies of the certificate or certifi-
cates of title to the water or ground; the
quantity of water intended to be conveyed
or stored; the length of the race or races;
size of reservoirs or dams, with plans, sections,
and specifications; the maximum rate pro-
posed to be charged for the water; the
nature and extent of the auriferous ground
proposed to be supplied with water.
(4.) The estimated cost of the undertaking,
given in detail.
(5.) The proposed capital to be expended on
works for the supply of water.
(6.) The interests, if any, affected by the diver-
sion or storage of the water to be dealt
with.
(7.) The amount of money proposed to be bor-
rowed.

2. Before making application, the applicant shall
   pay to the Receiver of Land Revenue of the district
   a deposit of 2 1/2 per cent. upon the money proposed
   to be borrowed, and, on making the application, shall
   forward therewith a receipt for the same.

3. The advances will be granted in proportion to
   the amount of money actually expended on the con-
   struction of the work, and shall not in any case
   exceed one-third of the amount so expended. The
   advances, subject to the approval of the Minister, shall
   be made on the certificate of the District Engineer,
   or other duly appointed person, that such work has
   been executed in accordance with the plans and
   specifications previously submitted and approved of
   by him or by the Engineer-in-Chief or Assistant
   Engineer-in-Chief. Advances will be made monthly,
   and only during the actual progress or execution of
   the work, and the final payment will be made on
   its actual completion.

4. Not more than fifteen thousand pounds
   (£15,000) will be advanced to any one undertaking.

5. Immediately after any application shall have
   been finally decided upon, the deposit thereon will be
   repaid, except so much as may be retained under
   authority of the Minister for covering the cost of the
   investigation made under the Act.

6. No loan will be made unless the borrowers shall
   have complied with all the provisions and require-
   ments of the several Acts relating to the Gold Fields,
   and of any other law or regulation for the time being
   in force within the Gold Fields with respect to the
   proposed works.

7. Every work in respect of which any advance is
   made, shall be carried out in conformity with the par-
   ticulars contained in the application, and in strict
   accordance with plans, sections, and specifications,
   which shall be approved of by the District Engineer,
   or Engineer-in-Chief, or Assistant Engineer-in-Chief;
   and detailed estimates of the cost of the works, which
   shall also be approved as above, and which detailed
   estimates will form the basis of advances as they may
   be required in all cases where the work is not executed
   by contract; but, in cases where the work shall be
   executed by contract, then the schedule prices attached
   to such contract shall be the basis of such advance.
   In cases where the work may already have been
   executed, or partly executed, for which advances have
   been applied for, the value thereof shall be determined
   by the District Engineer, who shall give a certificate
   as to his estimated value of such work; and the
   District Engineer shall have access at all times to
   the works; and if the Minister shall be satisfied
   at any time that the provisions of this regulation
   are not complied with, he may cause notice to be
   given to the borrowers, or their Engineer or Manager,
   requiring them to conform to such particulars and
   specifications; and if they shall refuse or neglect for
   one calendar month after such notice to comply
   therewith, then the Minister may cause the assent to
   the application for a loan in respect of such enterprise
   to be cancelled, and any moneys advanced under the
   same to be recovered under the security to be granted:
   Provided that the Minister may, if he think fit, agree
   during the progress of any works to such modifications
   as he may approve.

8. The promoters of any undertaking may at any
   time remove the same from the operation of these
   regulations, by writing under their hands, or under
   the hand of their registered manager, addressed to
   the Minister, and on repayment of the moneys that
   may have been advanced by the Government, with
   interest to date.

9. A full and correct account of the cost of con-
   struction of any undertaking to which the benefits of
   the Act are extended, shall be kept at the office of
   the promoters, and shall be open at all reasonable
   hours to the inspection of any person deputed by the
   Minister, and a statement of all payments on such
   accounts shall be forwarded at such periods and
   intervals as the promoters and the Minister may agree
   upon. A final account, showing the cost of the works,
   shall on their completion be forwarded through the
   District Engineer to the Minister, and the final
   balance shall be paid on this account in the proportion
   above stated. Always provided that the proposed
   manner of carrying out the works either by contract
   or otherwise shall have been previously approved of
   by the Minister.

10. The promoters of any undertaking to which
    money may be advanced shall, before the issue of any
    loan to them, give to the Minister a valid security,
    including a lien or mortgage to cover the amount of
    loan over the works and property proposed to be con-
    structed; and all deeds necessary shall be prepared
    and completed at the expense of the promoters.

11. No money shall be paid towards the construc-
    tion of any water race, dam, or reservoir until the
    promoters of the same shall have duly registered
    themselves under the Mining Companies Limited
    Liability Act or the Joint Stock Companies Act.

12. The rate of interest to be paid by the pro-
    moters of any undertaking coming under these Regu-
    lations shall be seven pounds per centum per annum,
    payable quarterly from the date of the advance.

13. The capital sum borrowed shall be repaid out
    of the profits of the undertaking in the same pro-
    portion as the amount of money advanced by the
    Government bears to the paid-up capital of the
    Company, or in such other proportion as the Minister
    may determine.