1706
THE NEW ZEALAND GAZETTE.
[No. 46

Order in Council consenting to the Raising of a Loan of £5,000
by the Christchurch Drainage Board.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 17th day of
June, 1929.
Present:
His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Christchurch Drainage Board (hereinafter called “the said local authority”) is desirous
of raising the sum of five thousand pounds by a loan to be
known as “Advances to Ratepayers Loan, 1929,” for the
purpose of making advances to ratepayers to enable them to
connect their premises with the sewers of the Board :
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 raising of the said
loan on the terms and conditions hereinafter set forth :
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 said local authority of the said loan up
to the amount of five thousand pounds for a term not exceeding six years, at such rate or rates of interest as shall not
produce to the lenders a rate exceeding the rate of five pounds
five shillings per centum per annum, subject to the condition
that the said local authority shall, before borrowing the said
sum or any part thereof, make provision for the repayment
thereof by establishing a sinking fund under the Local Bodies’
Loans Act, 1926, or under such other statutory enactment
as may be applicable, and shall thereafter make to such
sinking fund payments at intervals of not more than one
year at a rate or rates which shall not be less than the rate
of eighteen pounds two shillings per centum, such payments
to be made in respect of every part of the said sum for the time
being so borrowed and not repaid, and the first payment to
be made not later than two years after the first day from which
interest to the lender is computed on any money so borrowed,
and subject to the further condition that no portion of interest
or sinking fund shall be paid out of loan-moneys.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/197/4.)

Order in Council consenting to the Raising on the Instalment-repayment System, extending over a Period of Four Years,
of a Loan of £638 by the Waitemata County Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 17th day of
June, 1929.
Present:
His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Waitemata County Council (hereinafter
called “the said local authority”) proposes to
borrow, in accordance with the provisions of section three of
the Main Highways Amendment Act, 1928, the sum of six
hundred and thirty-eight pounds for the purpose of meeting
the Council’s proportion of the cost of paving the Northcote
Road by a loan to be known as “Northcote Road Loan,
1929” :
And whereas the said local authority is desirous of raising
the said sum on the instalment-repayment system extending
over a period of four years :
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 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 six hundred and thirty-eight
pounds at such rate or rates of interest as shall not produce to
the lenders a rate exceeding the rate of five pounds ten
shillings per centum per annum, upon terms of making the
said sum, together with interest thereon, repayable by annual
instalments extending over a period of four years, and the
said local authority is hereby authorized to borrow the said
sum accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/116/11.)

Order in Council consenting to the Raising of a Loan of £28,300
by the Rangiora Borough Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 17th day of
June, 1929.
Present:
His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Rangiora Borough Council (hereinafter
called “the said local authority”) is desirous of
raising the sum of twenty-eight thousand three hundred
pounds (£28,300) for the purpose of installing a sewerage
system by a loan to be known as the Sewerage Loan, 1928 :
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 raising
of the said loan on the terms and conditions hereinafter
set forth :
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 said local authority of the said
loan up to the amount of twenty-eight thousand three hundred pounds (£28,300) for a term not exceeding twenty (20)
years, at such rate or rates of interest as shall not produce
to the lenders a rate exceeding the rate of five pounds ten
shillings (£5. 10s.) per centum per annum, subject to the
condition that the said local authority shall, before borrowing the said sum or any part thereof, make provision for the
repayment thereof by establishing a sinking fund under the
Local Bodies’ Loans Act, 1926, and shall thereafter make to
such sinking fund payments at intervals of not more than
one year at a rate or rates which shall not be less than the
rate of one pound (£1) per centum, such payments to be made
in respect of every part of the said sum 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, and subject to the further condition that no portion
of interest or sinking fund shall be paid out of loan-moneys.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/183.)

Order in Council consenting to the Raising on the Instalment-repayment System of a Loan of £11,800, authorized to be raised
by the Lower Hutt Borough Council.

CHARLES FERGUSSON, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 17th day of
June, 1929.
Present:
His EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Lower Hutt Borough Council (hereinafter
called “the said local authority”) has been authorized to raise a loan of eleven thousand eight hundred pounds,
and the said sum has not been borrowed :
And whereas the said local authority is desirous of raising
the said loan of eleven thousand eight hundred pounds upon
terms of making the same, together with interest thereon,
repayable by instalments extending over a period not exceeding the period 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 section thirty-two 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 eleven thousand
eight hundred pounds, upon terms of making the same,
together with interest thereon, repayable by instalments
extending over a period not exceeding ten years, and the said
local authority is hereby authorized to borrow the said sum
accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/11/9.)