2886

Order in Council consenting to the Raising of a Loan of £3,700
by the Wairoa Hospital Board.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of
September, 1931.
Present:
His Excellency The Governor-General in Council.
WHEREAS the Wairoa Hospital Board (hereinafter
called “the said local authority”) is desirous of
raising the sum of three thousand seven hundred 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 Repair Loan No. 2,” for the purpose of re-
building the Nurses’ Home:
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 three thousand seven hundred
pounds, subject to the following conditions upon which the
said loan may be raised:
(1) The term of the loan shall not exceed thirty 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 twenty-five), 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. 40/562/19.)

Order in Council prescribing the Term and Rate of Interest
in respect of the Wellington City Council’s Loan of £11,300.
BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of
September, 1931.
Present:
His Excellency The Governor-General in Council.
WHEREAS the Wellington City Council (hereinafter
called “the said local authority”), has been authorized to borrow in respect of a loan to be known as “Wellington City (Miramar District) Tramway Loan 1906 Repayment Loan, 1931,” the sum of eleven thousand three hundred 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 eleven thousand three hundred pounds
for a term of five 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 that said sum of eleven thousand three hundred
pounds, or any part thereof, may be raised in respect of
the said loan by the said local authority for a term of five
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, and the said local authority
is hereby authorized to borrow the said sum accordingly.
F. D. THOMSON,
Clerk of the Executive Council.
(T. 49/168/42.)

[No. 72

Order in Council consenting to the Raising of a Loan of £66,850
by the Hawke’s Bay Hospital Board.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of
September, 1931.
Present:
His Excellency the Governor-General in Council.
WHEREAS the Hawke’s Bay Hospital Board (hereinafter
called “the said local authority”) is desirous of
raising the sum of sixty-six thousand eight 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 Repair Loan, 1931,” for the purpose of re-
erection and restoring on the present site at Napier, hospital
buildings damaged 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 sixty-six thousand eight 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 thirty-five 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 thirty) 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. 40/562/14.)

Order in Council consenting to the Raising of a Loan of £850
by the Wairoa Hospital Board.
BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government House at Wellington, this 25th day of
September, 1931.
Present:
His Excellency the Governor-General in Council.
WHEREAS the Wairoa Hospital Board (hereinafter
called “the said local authority”) is desirous of
raising the sum of eight hundred and fifty pounds by a loan
to be known as “Earthquake Repair Loan No. 1,” for the
purpose of meeting the cost of repair of earthquake damage:
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:
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 at a rate or rates of
interest being such 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 Act, doth hereby consent to the
raising by the said local authority of the said loan up to the
amount of eight hundred and fifty pounds for a term of twenty
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