1362

THE NEW ZEALAND GAZETTE.

[No 37

(4) That, except as hereinafter provided, the Licensing Authority for each of the several controlled areas shall be the appropriate Licensing Authority specified in Column No. 3 of the said Schedule hereto: Provided that where any route on which a goods-service is or is proposed to be carried on is situated in more than one controlled area that route shall, so far as may be necessary for the purposes of the said Act or of this Order or of any regulations under the said Act, be deemed to be a controlled area of which the Licensing Authority shall be the Central Licensing Authority constituted under the said Act;

(5) That, notwithstanding the declaration in the Transport (Goods) Order, 1933, that the provisions set out in Part II thereof will come into force on the first day of June, one thousand nine hundred and thirty-three, nevertheless it shall be lawful for an application for a goods-service license to be made, entertained, adjudicated upon, and granted or for any other action in relation to a goods-service license or in relation to an application therefor to be taken at any time prior to the said first day of June, one thousand nine hundred and thirty-three;

(6) That subsection two of section twenty-eight of the said Act, as applied and modified in Part II of the Transport (Goods) Order, 1933, is hereby further modified by substituting for the date “first day of May, one thousand nine hundred and thirty-three,” the date “twenty-first day of May, one thousand nine hundred and thirty-three”;

(7) That this Order in Council may be cited as the Transport (Controlled Areas) Order, 1933.

SCHEDULE.

CONTROLLED AREAS AND LICENSING AUTHORITIES.

Dated at Wellington, this 15th day of May, 1933.

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

(TT. 19/27.)

Order in Council authorizing the Southland Electric-power Board to borrow or owe Money by way of Bank Overdraft.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 15th day of May, 1933.
Present:
RIGHT HON. J. G. COATES PRESIDING IN COUNCIL.
WHEREAS the Southland Electric-power Board (hereinafter called “the said local authority”) is desirous of borrowing money by way of bank overdraft for the purpose of meeting initial losses:

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 borrowing as aforesaid, 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-three of the Finance Act, 1928, and of all other powers and authorities enabling him in this behalf, doth hereby authorize the said local authority to borrow or owe money by way of bank overdraft, for the purpose of meeting initial losses, at a rate of interest not exceeding current bank overdraft rates, but so that the total amount owing as at the thirty-first day of March, one thousand nine hundred and thirty-four, shall not exceed forty-five thousand pounds (£45,000).

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

(T. 49/235/1.)

Order in Council consenting to the Raising of a Portion (£153,500) of a Loan of £553,000 by the New Plymouth Borough Council.

BLEDISLOE, Governor-General.
ORDER IN COUNCIL.
At the Government Buildings at Wellington, this 20th day of March, 1933.
Present:
Right Hon. G. W. FORBES PRESIDING IN COUNCIL.
WHEREAS the New Plymouth Borough Council (hereinafter called “the said local authority”) has been authorized to raise the sum of five hundred and fifty-three thousand pounds (£553,000) by a loan hitherto referred to as “Loans Repayment Loan, 1932,” the full title of which is “The New Plymouth Borough Council Loans Repayment Loan, 1932, of £553,000”;

And whereas the said local authority proposes to borrow part of the said sum of five hundred and fifty-three thousand pounds (£553,000)—namely, the sum of one hundred and fifty-three thousand five hundred pounds (£153,500)—in London:

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 in London by the said local authority of the said sum of one hundred and fifty-three thousand five hundred pounds (£153,500), for a term not exceeding twenty (20) years, at such rate or rates of interest on all or any part of such loan as shall be borrowed on or before the thirty-first (31st) day of March, one thousand nine hundred and thirty-three, as shall not produce to the lenders a rate exceeding the rate of five pounds (£5) per centum per annum, and on all or any part of such loan as shall be borrowed after the said thirty-first (31st) day of March, one thousand nine hundred and thirty-three, as shall not produce to the lenders a rate exceeding the rate of six pounds five shillings (£6 5s.) per centum per annum, reduced by twenty (20) per centum thereof in accordance with the provisions of subsection two (2) of section six (6) of the Local Authorities Interest Reduction and Loans Conversion Act, 1932–33, 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 (£2) 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. 49/106/9.)