1592

THE NEW ZEALAND GAZETTE.

[No. 46]

Consenting to stopping Portion of a Road in Block XVI,
Maramarua Survey District, Waikato County.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day
of June, 1932.

Present:

THE RIGHT HON. G. W. FORBES, PRESIDING IN COUNCIL.

IN pursuance and exercise of the powers and authorities
conferred by the Public Works Act, 1928, 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 consent
to the Waikato County Council stopping the portion of road
described in the Schedule hereto.

———

SCHEDULE.

APPROXIMATE area of the piece of road permitted to be
stopped: 3 roods 15·6 perches.

Adjoining or passing through Allotments 321 and 322.

Situated in Block XVI, Maramarua Survey District
(Whangamarino Parish), (Auckland R.D.), (S.O. 26262.)

In the Auckland Land District; as the same is more
particularly delineated on the plan marked P.W.D. 84088,
deposited in the office of the Minister of Public Works at
Wellington, and thereon coloured green.

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

(P.W. 34/3269.)

———

Order in Council consenting to the Raising of a Loan of £10,000
by the Napier Borough Council.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day
of June, 1932.

Present:

THE RIGHT HON. G. W. FORBES, PRESIDING IN COUNCIL.

WHEREAS the Napier Borough Council (hereinafter
called “the said local authority”) is desirous of
raising the sum of ten thousand pounds by a loan to be known as
“Napier Town Planning Improvements Loan, 1932,” for
the purpose of carrying out town-planning improvements in
specified streets, including the cost of the acquisition of the
necessary land and the formation of new streets, widened
streets, and service lanes comprised in such improvements,
and expenses incidental thereto :

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
ten thousand 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 ten shillings per centum
per annum, subject to the condition that the said local autho-
rity 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 which shall be
not less than three pounds per centum per annum, such pay-
ments to be made in respect of any part of the said sum for
the time being so borrowed and not repaid, and the first pay-
ment 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. 49/147/16.)

———

Order in Council consenting to the Raising of a Loan of £2,166
by the Wairoa County Council.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day
of June, 1932.

Present:

THE RIGHT HON. G. W. FORBES, PRESIDING IN COUNCIL.

WHEREAS the Wairoa County Council (hereinafter called
“the said local authority”) is desirous of raising the
sum of two thousand one hundred and sixty-six pounds
pursuant to the provisions of section fifty-one of the Hawke’s
Bay Earthquake Act, 1931, by a loan to be known as “Earth-
quake Damage (Wairoa Bridge) Restoration Loan, 1932,” for
the purpose of meeting the County Council’s share of the
cost of re-erecting the Wairoa River Traffic Bridge, to replace
that 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
two thousand one hundred and sixty-six pounds, subject to the following conditions upon which the
said loan may be so 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. 40/562/21.)

———

Order in Council consenting to the Raising by the Mount Albert
Borough Council of Portion—viz., £1,500—of a Loan of
£200,000 on the Instalment-repayment System, and prescribing
the Term and Rate of Interest in respect thereof.

BLEDISLOE, Governor-General.

ORDER IN COUNCIL.

At the Government Buildings at Wellington, this 29th day
of June, 1932.

Present:

THE RIGHT HON. G. W. FORBES, PRESIDING IN COUNCIL.

WHEREAS the Mount Albert Borough Council (herein-
after called “the said local authority”) has been
authorized to borrow, in respect of a loan to be known as
“Drainage Loan, 1926,” the sum of two hundred thousand
pounds, and the sum of four 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, to the borrowing by the
said local authority of the said sum of four thousand five
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 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 loan up to the amount of four thousand five hundred
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
said sum of four thousand five hundred pounds, together with
interest thereon, repayable by instalments extending over a
period of twenty-eight and a half years.

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

(T. 49/212/4.)