1548
THE NEW ZEALAND GAZETTE.
[No. 50

“(c.) The rebate of interest hereby provided for shall be allowed in respect of so much of all instalments as consists of interest paid in connection with advances made under section 2 of the Discharged Soldiers Settlement Act, 1917, prior to the coming into force of this regulation; provided that such payments have been made on or before the due date or not later than the fourteenth day thereafter.

“(d.) Not later than one month before any instalment payable half-yearly falls due, the Commissioner of Crown Lands shall post to the mortgagor at his last known address a notice specifying the due date of the instalment, the full nominal amount thereof, the amount of the rebate, and the date on which the right to the rebate will lapse; provided that the rights and liabilities of the mortgagor shall not be affected by the non-posting or non-receipt of such notice or by any error therein.”

By adding the following new clause after clause 23:—

“23A. In cases where the security offered for advances is not sufficient to warrant loans being granted for a term of 36½ or 25½ years as provided for respectively in clauses 22 (f) and 23 (b) hereof, and notwithstanding anything to the contrary contained in the said clauses 22 (f) and 23 (b), advances may be made in such special cases as the Minister may approve, repayable by half-yearly instalments over a period of ten or fifteen or twenty years as may be deemed suitable in the circumstances. Every half-yearly instalment shall consist partly of interest and partly of principal, and shall be calculated and apportioned respectively for the said periods of ten or fifteen or twenty years according to the tables of the Third, Fourth, and Fifth Schedules hereto.”

THIRD SCHEDULE.

Term, 10 Years. Interest, 5 per Centum.
TABLE showing for every £100 of Capital Value the Amount of Principal and Interest included in Instalments of £6 8s. 4d. payable at the End of each Successive Period of Six Months during Term.

FOURTH SCHEDULE.

Term, 15 Years. Interest, 5 per Centum.
TABLE showing for every £100 of Capital Value the Amount of Principal and Interest included in Instalments of £4 15s. 7d. payable at the End of each Successive Period of Six Months during Term.

FIFTH SCHEDULE.

Term, 20 Years. Interest, 5 per Centum.
TABLE showing for every £100 of Capital Value the Amount of Principal and Interest included in Instalments of £3 19s. 8d. payable at the End of each Successive Period of Six Months during Term.

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

Authorizing the Laying-out of a Connecting Street in the City of Dunedin of a Width less than 66 ft. but not less than 40 ft.

LIVERPOOL, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this fourteenth day of May, 1920.

Present :

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section twenty-five of the Municipal Corporations Amendment Act, 1913, it is, inter alia, provided that the Governor-General may by Order in Council authorize the Council to lay out or permit to be laid out streets and private streets of a width less than sixty-six feet but not less than forty feet, for the purpose of connecting blind streets with other streets, but no such connecting street of a greater length than five chains shall be authorized:

And whereas Royston Street in the City of Dunedin is a blind street, and the Dunedin City Council has applied for permission to lay out a street less than sixty-six feet but not less than forty feet, for the purpose of connecting the said Royston Street with James Street in the said city:

And whereas the connecting street is not of a greater length than five chains, and it is expedient to authorize the laying-out of the connecting street described in the Schedule hereto (hereinafter referred to as “the said connecting street”):

Now, therefore, in pursuance and exercise of the powers vested in him by the Municipal Corporations Amendment Act, 1913, and of all other powers in anywise enabling him in this behalf, 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 authorize the Dunedin City Council to lay out the said connecting street between Royston Street and James Street in the City of Dunedin.

SCHEDULE.

That street in the Otago Land District, City of Dunedin, connecting Royston Street and James Street, both in the said city, being part of Section 18, North-east Valley District, and part of Allotment No. 9, Land Transfer plan No. 546. Bounded, commencing at the south-western corner of Allotment 6 on the said plan numbered 546 of subdivision of part of the said Section 18, North-east Valley District; thence towards the north by Allotments 6, 7, and 8, Land Transfer plan No. 546 aforesaid, on a line bearing 64° 7′, for a distance of 487·3 links; thence towards the north-east by James Street, on a line bearing 137° 10′, a distance of 63·4 links; thence towards the south by other part of Allotment No. 9,