3412

Order in Council consenting to the Raising on the Instalment System extending over a Period of Twenty Years of a Loan of £4,000 by the Wairarapa South County Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 30th day of November, 1928.
Present:
His Excellency the Governor-General in Council.
WHEREAS the Wairarapa South County Council (hereinafter called "the said local authority") proposes, pursuant to the terms of a Warrant issued under section one hundred and nineteen of the Public Works Act, 1908, to raise the sum of four thousand pounds by a loan to be known as "The Ruamahanga River Bridge Loan, 1928"; for the purpose of constructing the Ruamahanga River Bridge:
And whereas the Minister of Finance has given his precedent consent as required by section one hundred and fourteen of the Local Bodies' Loans Act, 1926, to the borrowing by the said local authority of the said loan for the term hereinafter mentioned, at such rate or rates of interest as shall not produce to the lenders a rate exceeding the rate hereinafter mentioned:
And whereas the said local authority is desirous of raising the said loan on the instalment repayment system extending over a period of twenty years:
And whereas section thirty-two of the Local Bodies' Loans Act, 1926, provides that where any local authority has heretofore been or shall hereafter be authorized to raise a loan, whether pursuant to a poll of ratepayers or otherwise, and whether such loan has been raised in part or not, such local authority may, with the consent of the Governor-General in Council, raise such loan or any part thereof, upon terms of making the same, together with interest thereon, repayable by instalments extending over such period of years, whether in excess of the period mentioned in the poll taken on the proposal for such loan or not, and payable at such times as may be fixed by such local authority, and may permanently appropriate and pledge for the purpose of securing such instalments any special rate already made, or hereafter to be made, or any part of such special rate:
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 Local Government Loans Board Act, 1926, and by sections thirty-two and one hundred and fourteen of the Local Bodies' Loans Act, 1926, and of all other powers and authorities enabling him in this behalf, doth hereby consent to the raising by the said local authority of the said sum of four thousand pounds 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 upon terms of making the same, together with interest thereon, repayable by instalments extending over a period of twenty years, subject to the condition that no portion of interest or sinking fund shall be paid out of loan-money, and the said Wairarapa South County Council is hereby authorized to borrow the said sum accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/96.)

Order in Council prescribing the Term for which the Sum of £1,500 may be borrowed by the Kaponga Town Board.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 30th day of November, 1928.
Present:
His Excellency the Governor-General in Council.
WHEREAS the Kaponga Town Board (hereinafter called "the said local authority") has been authorized to borrow in respect of a loan to be known as "Electrical Loan" the sum of ten thousand pounds, whereof the sum of one thousand five hundred pounds has not yet been borrowed:
And whereas the Minister of Finance has given his precedent consent as required by section one hundred and fourteen of the Local Bodies' Loans Act, 1926 (hereinafter called "the said section"), to the borrowing by the said local authority of the said sum of one thousand five hundred pounds for the term hereinafter mentioned:
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 section, and of all other powers and authorities enabling him in this behalf, doth hereby prescribe that the said sum of one thousand five hundred pounds may be raised in respect of the said loan by the said local authority for a term of five years, and the said local authority is hereby authorized to borrow the said sum accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/377.)

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

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 30th day of November, 1928.
Present:
His Excellency the Governor-General in Council.
WHEREAS the Grey Electric-power Board (hereinafter called "the said local authority") is desirous of borrowing moneys by way of bank overdraft for the purpose of meeting initial losses:
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 aforesaid:
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 in 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 by way of bank overdraft, pursuant to paragraph (c) of subsection one of section seventy of the Electric-power Board's Act, 1925, for the purpose of meeting initial losses, at a rate of interest not exceeding current bank overdraft rates, but so that the total amount owing as at the thirty-first day of March, one thousand nine hundred and twenty-nine, shall not exceed eight thousand pounds.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/430.)

The Western Side generally of Portion of Easter Crescent, in the City of Dunedin, exempted from the Provisions of Section 117 of the Public Works Act, 1908, subject to a Condition as to the Building-line.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 30th day of November, 1928.
Present:
His Excellency the Governor-General in Council
IN pursuance and exercise of the powers conferred by the Public Works Act, 1908, 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 approve of the following resolution passed by the Dunedin City Council on the fourteenth day of November, one thousand nine hundred and twenty-eight, viz:-
"That the Dunedin City Council, being the local authority having control of the streets in the City of Dunedin, by resolution declares that the provisions of section one hundred and seventeen of the Public Works Act, 1908, shall not apply to portion of the western and north-western sides of Easter Crescent where the same abut on part of Lot 27, Block II, Township of Kew; as the said portions of street are shown on the plan attached hereto, and thereon coloured red";
subject to the condition that no building or part of a building shall at any time be erected on the land fronting the western side generally of the portion of Easter Crescent (described in the Schedule hereto), within a distance of thirty-three feet from the centre-line of the said portion of street.
SCHEDULE.
THE western side generally of all that portion of street situated in the Otago Land District, City of Dunedin, known as Easter Crescent, fronting part Lot 27, Block II, Township of Kew. As the same is more particularly delineated on the plan marked P.W.D. 73916, deposited in the office of the Minister of Public Works at Wellington, and thereon coloured red.
F. D. THOMSON,
Clerk of the Executive Council.
(P.W. 51/875.)

[No. 91