Order in Council consenting to the Raising of a Loan of £950
by the Havelock North Town Board.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
September, 1931.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Havelock North Town Board (hereinafter
called “the said local authority”) is desirous
of raising the sum of nine hundred and fifty pounds pursuant
to the provisions of section fifty-one of the Hawke's Bay
Earthquake Act, 1931, by a loan to be known as “Earthquake
Relief Loan, 1931 (No. 1),” for the purpose of repairing damage
caused by the earthquake:
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 nine hundred and fifty pounds, subject to the
following conditions upon which the said loan may be raised:
(1) The term of the loan shall not exceed twenty years.
(2) The loan shall be free of interest for a period of five years
from the date of the advance of the loan-moneys.
(3) The rate of interest thereafter payable shall be at such
rate or rates as shall not produce to the lender a rate
exceeding the rate of four pounds per centum per
annum.
(4) The loan shall not be borrowed otherwise than on terms
that the loan and the interest thereon shall be repaid
by half-yearly instalments over a term of years (not
exceeding fifteen) calculated from the date on which
interest first commences to accrue on any portion of
the loan-moneys.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/54I.)

Order in Council consenting to the Raising of a Loan of £2,700
by the Pahiatua Borough Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
September, 1931.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Pahiatua Borough Council (hereinafter
called “the said local authority”) proposes, pursuant
to the terms of a Warrant issued under section one
hundred and thirty-five of the Public Works Act, 1928, to
raise the sum of two thousand seven hundred pounds by a
loan to be known as “The Mangatainoka River Bridge Loan,
1931,” for the purpose of meeting its share of the cost of
constructing a bridge over the Mangatainoka River on the
Pahiatua Station Road Main Highway (together with approaches thereto):
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 loan up to the amount of two
thousand seven hundred pounds for a term not exceeding
twenty-five years, at such rate or rates of interest as shall
not produce to the lenders a rate exceeding the rate of five
pounds 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 be not less than the rate of two
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 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. 49/516.)

Order in Council consenting to the Raising of a Loan of £5,000
by the Invercargill City Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
September, 1931.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Invercargill City Council (hereinafter
called “the said local authority”) is desirous of
raising the sum of five thousand pounds by a loan to be
known as “Unemployment No. 3 Loan, 1931,” for the purpose
of carrying out works for the relief of unemployment
and for paying the expenses of the Invercargill City Council
in co-operating with the Unemployment Board in providing
work for the unemployed:
And whereas the said local authority has complied with the
provisions of the Local Government 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, at such rate
or rates of interest as shall not produce to the lenders a rate
exceeding the rate of five pounds per centum per annum, subject
to the condition that the said sum shall be repaid by
annual instalments of not less than one thousand pounds in
each of the first four years of the currency of the loan, and
the balance in the fifth year.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/233/24.)

Order in Council consenting to the Raising of a Loan of
£38,000 by the Napier Harbour Board.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 7th day of
September, 1931.
Present:

His Excellency THE GOVERNOR-GENERAL IN COUNCIL.
WHEREAS the Napier Harbour Board (hereinafter called
“the said local authority”) is desirous of raising
the sum of thirty-eight thousand pounds by a loan to be
known as “Renewal Loan No. 14, 1931,” for the purpose
of redeeming the outstanding liability in respect of a loan
of forty thousand pounds maturing on the first day of
November, one thousand nine hundred and thirty-one:
And whereas the said local authority has complied with
the provisions of the Local Government 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 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
loan up to the amount of thirty-eight thousand pounds,
at such rate or rates of interest as shall not produce to the
lenders a rate exceeding the rate of five pounds per centum
per annum, subject to the condition that the said sum shall be
repaid by equal aggregate annual or half-yearly instalments of
principal and interest over a period of twenty-six and a half
years, and subject to the further condition that no such
instalments shall be paid out of loan-money.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/206/8.)