Local Authority Loans and License Conditions




2618
THE NEW ZEALAND GAZETTE.
[No. 56

  1. CONDITIONS AS TO CHANGE-OVER.

The following provisions shall apply in respect to the allocation of the cost of adjusting, altering, or replacing installations consequent on the change over to the system of distribution as prescribed by clause 1 of this license.

(1) (a) Consumers’ installations shall be classified as follows:—

(i) Class A: Installations in which the wiring is found to be in accordance with the rules and regulations of the New Zealand Fire Underwriters’ Association in force at the time the installation was made, and only require alterations necessitated by the change of system.

(ii) Class B: Installations in which the wiring is found to be defective under the said rules and regulations in force at the time the installation was made.

(iii) Class C: Installations in which the wiring is worn out and under any conditions of supply would require to be rewired within a short period.

(b) The cost consequent on the change-over shall be allocated between the licensee and the consumers in the following manner according to the class of the installation:—

(i) Class A: The whole of the cost shall be paid by the licensee: Provided always that in the case of extensions and alterations which have not been duly authorized the cost of alterations thereto shall be borne by the consumer.

(ii) Class B: The cost of removing all defects shall be paid by the consumer, and the cost of alteration due to change in system shall be paid by the licensee.

(iii) Class C: The whole cost shall be paid by the consumer.

(2) (a) All work required to be done pursuant to the change-over in connection with installations of Classes A, B, and C shall, unless otherwise agreed between the licensee and the consumer, be carried out by the licensee.

(b) All money expended by the licensee for this purpose shall, in cases where the consumer may be liable, be a charge on the premises of the consumer (if and so far as the said charge is authorized by the legislation hereinafter referred to), and shall be recoverable accordingly. Provision may be made for consumers who do not desire to pay in full at the time of alteration to pay the sum due in instalments with their regular accounts for the supply of electricity.

(3) In case of any dispute arising in respect of matters affected by this clause between the licensee and a consumer a Board of Appeal (whose decision shall be final) shall be set up to decide such dispute, which Board of Appeal shall consist of the following:—

(i) One representative appointed by the licensee.

(ii) One representative appointed by the consumer on whose premises the alterations are necessary.

(iii) The Stipendiary Magistrate for the district, who shall be Chairman.

(4) The licensee shall arrange for any legislation necessary for the validation of this clause.

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

(P.W. 26/867/1.)

Order in Council consenting to the raising of Loans by certain Local Authorities.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 1st day of August, 1927.

Present:

HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS by section three of the Local Government Loans Board Act, 1926 (hereinafter called “the said Act”) it is provided that, notwithstanding anything to the contrary in any Act, it shall not be lawful or competent for any local authority to borrow or contract to borrow any money (otherwise than in anticipation of its revenue within the limits of its powers, if any, in that behalf) whether from the State Advances Office or from any other source whatever, and whether in pursuance of a special Act or under any authority whatever, without the precedent consent of the Governor-General in Council given after compliance with the provisions of the said Act:

And whereas section eleven of the said Act provides that the Governor-General in Council in giving his consent to the borrowing of moneys by the local authority may impose such conditions with respect to the time at which such moneys may be borrowed, the rate of interest that may be paid in respect thereto, the term for which they may be borrowed, and provisions for repayment thereof as he thinks fit, and that it shall not be lawful for the local authority to borrow such moneys save in accordance with the conditions so imposed:

And whereas the several local authorities mentioned in the Schedule hereto are desirous of raising the respective amounts set out opposite their names therein:

And whereas the said local authorities have complied with the provisions of the said Act, and it is expedient that the aforesaid precedent consent should issue to the raising of the loans on the terms and conditions set forth in the said Schedule:

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 raising by the respective local authorities whose names are set out in the Second Column of the said Schedule of the loans referred to in the Third Column of the said Schedule up to the respective amounts set out in the Fourth Column of the said Schedule, subject to the condition that the respective local authorities shall before borrowing the said respective sums or any part thereof make provision for the repayment thereof by establishing a sinking fund under the Local Bodies’ Loans Act, 1926, and by making 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 respective rates per centum set out in the Fifth Column of the said Schedule, such payments to be made in respect of every part of the said respective sums 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.

SCHEDULE.

First Column. Second Column. Third Column. Fourth Column. Fifth Column.
Consecutive Number. Name of Local Authority. Name of Loan. Amount of Loan. Annual Rate Per Centum of Payment into Sinking Fund.
1 Dunedin Drainage and Sewerage Board Renewal Loan of £50,000, 1927 £ 50,000 £ s. d. 1 10 0
2 Paeroa Borough Council Relief of Unemployment Loan of £2,000, 1927 2,000 5 0 0
3 Petone and Lower Hutt Gas-lighting Board Relief of Unemployment Loan of £3,500, 1927 3,500 1 10 0
4 Auckland City Council Waterworks Extension Redemption Loan, 1927 107,000 1 10 0
5 Auckland City Council Streets formation, Drainage and Refuse Destructor Redemption Loan, 1927 41,812 1 10 0
6 Picton Borough Council Electric Light Installation Redemption Loan 2,500 2 10 0
7 Mount Eden Borough Council Drainage and Sewerage Supplementary Loan, 1927 10,000 1 0 0
8 Waipa County Council Pirongia Drainage Supplementary Loan 40 1 0 0
9 Waipa County Council Owairaka Special-rating Area, Supplementary Loan 250 4 12 6
10 Ellerslie Town Board Great South Road, Supplementary Loan 700 1 0 0
11 Taranaki County Council Oxford Road, Supplementary Loan 75 2 10 0

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



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✨ LLM interpretation of page content

🏗️ License for Bay of Plenty Electric-power Board (continued from previous page)

🏗️ Infrastructure & Public Works
1 August 1927
Electric-power, License, Bay of Plenty, Electric Lines, Conditions, Change-over, Installations
  • F. D. Thomson, Clerk of the Executive Council

💰 Order in Council consenting to the raising of Loans by certain Local Authorities

💰 Finance & Revenue
1 August 1927
Loans, Local Authorities, Local Government Loans Board Act, Sinking Fund, Dunedin, Paeroa, Petone, Auckland, Picton, Mount Eden, Waipa, Ellerslie, Taranaki
  • Charles Fergusson, Governor-General
  • F. D. Thomson, Clerk of the Executive Council