Order in Council prescribing the Terms and the Rates of Interest that may be paid by the Wellington City Council in
respect of specified Loans.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 6th day of July, 1931.
Present :

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the local authority mentioned in the Second Column of the Schedule hereto has been authorized to
borrow, in respect of the loans referred to in the Third Column of the said Schedule, the respective sums stated
in the Fourth Column of the said Schedule, and the said respective sums have not been borrowed:
And whereas the Minister of Finance has in each case 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 respective amounts specified in the Fourth Column of the said Schedule for the
terms set out in the Sixth Column of the said Schedule, at respective rates of interest being such as shall not produce
to the lenders rates exceeding the respective rates specified in the Fifth Column of 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 section and by section eleven of the Local Government Loans Board Act,
1926, and of all other powers and authorities enabling him in this behalf, doth hereby prescribe that each of the
amounts set out in the Fourth Column of the said Schedule may be raised by the local authority whose name is set
out in the Second Column of the said Schedule for terms not exceeding the respective terms set out in the Sixth
Column of the said Schedule at a rate of interest being such as shall not produce to the lender a rate exceeding the
respective rates specified in the Fifth Column of the said Schedule, and the said local authority is hereby authorized
to borrow the respective sums accordingly.

First
Column.

Second Column.
Name of Local Authority.

Third Column.
Name of Loan.

Fourth Column.
Amount of Loan
authorized.

Fifth Column.
Rate of
Interest
prescribed.

Sixth Column.
Term of Loan.

Consecutive Number.

Wellington City Council .. Wellington City (Karori District)
Works, Tramways, and Recreation
Reserve Loan 1906 Renewal
Loan, 1931

50,000
5 15 0
5

5

Wellington City (Miramar District)
Tramway Loan 1906 Repayment
Loan, 1931

(T. 40/416/6.)

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

Order in Council prescribing the Rate of Interest in respect of the Wairau River Board's Loan of £14,500.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of July, 1931.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Wairau River Board (hereinafter called “the said local authority”) has been authorized to
borrow in respect of a loan to be known as “Lower Wairau and Fairhall Diversion Loan, 1929,” the sum of fourteen
thousand five hundred pounds, and the sum of one thousand two 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 two hundred pounds, at such rate or rates of interest as shall not produce to the lenders a
rate exceeding the rate 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 by the Local Government Loans Board Act, 1926, and of all other powers and authorities
enabling him in this behalf, doth hereby prescribe that the said sum of one thousand two hundred pounds or any part
thereof may be raised in respect of the said loan by the said local authority, 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, and the said local
authority is hereby authorized to borrow the said sum accordingly.

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

(T. 49/225.)

Order in Council prescribing the Term and Rate of Interest in respect of the Wairoa Borough Council’s Loan of £43,870.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.

At the Government House at Wellington, this 6th day of July, 1931.
Present :

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.

WHEREAS the Wairoa Borough Council (hereinafter called “the said local authority”) has been authorized
to borrow in respect of a loan to be known as “Water-supply and Works Redemption Loan, 1931,” the sum of forty-three
thousand eight hundred and seventy pounds, and the said sum 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 forty-three thousand eight hundred and seventy pounds for a term of ten years, at such rate or rates
of interest as shall not produce to the lenders a rate exceeding the rate 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 by the Local Government Loans Board Act, 1926, and of all other powers and authorities
enabling him in this behalf, doth hereby prescribe that the said sum of forty-three thousand eight hundred and seventy
pounds or any part thereof may be raised in respect of the said loan by the said local authority for a term of ten years,
at such rate or rates of interest as shall not produce to the lenders a rate exceeding the rate of six pounds per centum
per annum, and the said local authority is hereby authorized to borrow the said sum accordingly.

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

(T. 49/379.)